Household Income, Satisfaction with Standard of Living, and Subjective Well-Being. The Moderating Role of Happiness Materialism

Grace B. Yu (), Dong-Jin Lee (), M. Joseph Sirgy () and Michael Bosnjak ()
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Grace B. Yu: Duksung Women’s University
Dong-Jin Lee: Yonsei University
M. Joseph Sirgy: Virginia Polytechnic Institute & State University
Michael Bosnjak: University of Trier and ZPID-Leibniz Institute for Psychology Information

Journal of Happiness Studies, 2020, vol. 21, issue 8, No 6, 2872 pages

Abstract: Abstract The goal of this paper is to report a study that tested the moderation effect of materialism on the relationship between household income and satisfaction with standard of living (SOL) and subjective well-being. Through a study among 5240 employed members of a representative survey panel in Germany, we found that household income has a positive influence on satisfaction with SOL (as hypothesized), which in turn has a positive impact on subjective well-being (as hypothesized). We also found that the positive income-SOL satisfaction relationship is negatively moderated by happiness materialism (as hypothesized) and that happiness materialism is positively associated with frequent SOL evaluations based on ideal expectations (also as hypothesized). Theoretical and managerial implications are discussed.

Keywords: Household income; Satisfaction with standard of living; Subjective well-being; Domain satisfaction; Frequent evaluations of standard of living (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (3)

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DOI: 10.1007/s10902-019-00202-x

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