Financial Situation and Its Consequences on the Quality of Life in the EU Countries

Virag Havasi ()

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2013, vol. 113, issue 1, 17-35

Abstract: There is no agreement in social sciences on the relationship between the objective and subjective side of the quality of life. The survey of Eurobarometer 72.1 conducted in 2009 provided data on different subjective and objective indicators of financial situation. Correlation analyses revealed, that linkages between them were not strong. A great amount of study examined the connections between financial situation and overall feeling of happiness. This study found that the context of the questions influences the magnitude of the effects of material conditions on subjective well-being. The satisfaction with financial situation explained more than twice of the variance of happiness in the Euraboramoter sample—whose main topic was inequalities- than in the fifth wave of the World Values Surveys sample- whose questions were more diverse. Multiple regression analyses indicated that there are differences between countries in the magnitude of the effects of material conditions on subjective well-being. This effect is smaller in the more postmaterialist countries. Copyright Springer Science+Business Media B.V. 2013

Keywords: Quality of life; Objective and subjective indicators; Financial situation; Postmaterialism (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://hdl.handle.net/10.1007/s11205-011-9901-y (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:soinre:v:113:y:2013:i:1:p:17-35

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11135

DOI: 10.1007/s11205-011-9901-y

Access Statistics for this article

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement is currently edited by Filomena Maggino

More articles in Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().