Rich student, happy student: The case study of Croatia

Dajana Barbić () and Irena Palić ()
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Dajana Barbić: Faculty of Economics and Business, University of Zagreb
Irena Palić: Faculty of Economics and Business, University of Zagreb

No 2305, EFZG Working Papers Series from Faculty of Economics and Business, University of Zagreb

Abstract: This research paper delves into a comprehensive analysis of the financial and life satisfaction levels among the youth in Croatia, with a keen focus on understanding the intricate relationship between these two constructs. The primary objective of this study is to assess the significance of individual financial satisfaction as a key predictor of overall happiness and satisfaction levels. By leveraging a robust dataset collected from both university and high-school students in Croatia, and employing rigorous regression analysis techniques, we have uncovered compelling evidence that underscores the substantial influence of financial satisfaction on bolstering one's life satisfaction. Our findings underscore the critical role of improving financial satisfaction and exercising effective control over personal finances in augmenting overall happiness levels. Through a nuanced exploration of these dimensions, this study paves the way for actionable insights and strategies to enhance well-being among the youth in Croatia.

Keywords: financial satisfaction; happiness; life satisfaction; students (search for similar items in EconPapers)
JEL-codes: C01 D14 I31 P46 (search for similar items in EconPapers)
Pages: 9
Date: 2023-06-21
New Economics Papers: this item is included in nep-hap and nep-ure
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http://web.efzg.hr/repec/pdf/Clanak%2023-05.pdf First version, 2023 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:zag:wpaper:2305

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