Climbing up the Social Ladders: Identity, Relative Income, and Subjective Well-being

Chang, Wen-Chun

doi:10.1007/s11205-012-0108-7

Cited by 24 publications

(14 citation statements)

References 55 publications

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“…Prior studies have found a positive relationship between income and financial satisfaction (Garrett and James 2013;Seay et al 2015;Tharp, Seay, Stueve, et al 2020;Tharp, Seay, Carswell, et al 2020;Woodyard and Robb 2016;Xiao et al 2014). In Taiwan, income has been found to significantly predict both overall happiness and financial satisfaction (Chang 2009;Chang 2013;Tsou and Liu 2001). However, demographics like gender have been found to moderate the relationship between income and financial satisfaction (DePianto 2011).…”

Section: Gender Differences In Relationships Between Financial Characteristics and Financialmentioning

confidence: 98%

Examining gender differences in predictors of financial satisfaction: Evidence from Taiwan

Tharp

Parks‐Stamm

2021

Journal of Consumer Affairs

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Using an integrative model of top-down and bottom-up influences on financial satisfaction, this study examines gender differences in the predictors of financial satisfaction in Taiwan. Using the 2016 wave of the Panel Study of Family Dynamics (PSFD), gender differences in the extent to which top-down (trait positive and negative affect) and bottom-up (demographic, financial, and social support) factors predicted financial satisfaction were explored within three Taiwanese social contexts: all adults (n=3,593), working adults (n=2,713), and married working adults (n=1,306). Varied gender differences were observed across all three social contexts. In particular, income (more strongly associated among men than women), education (more strongly associated among women than men), and trait negative affect (more strongly associated among women than men) tended to predict financial satisfaction differently by gender. Trait positive affect predicted financial satisfaction regardless of gender. The present analysis suggests traditional breadwinner ideologies continue to influence financial satisfaction assessment in Taiwan.

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Section: Gender Differences In Relationships Between Financial Characteristics and Financialmentioning

confidence: 98%

Examining gender differences in predictors of financial satisfaction: Evidence from Taiwan

Tharp

Parks‐Stamm

2021

Journal of Consumer Affairs

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“…In another line of research, Chang (), Falk and Knell (), and some other studies find a positive correlation between relative income and SWB. They bridge the correlation between relative income and SWB through the identity channel.…”

mentioning

confidence: 84%

The Impact of Self‐Perceived Relative Income on Life Satisfaction: Evidence from British Panel Data

Yu¹

2019

Southern Economic Journal

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This is the first article that uses panel data to investigate the impact of individuals' self‐perceived relative income on life satisfaction. Analyses show that the self‐perceived relative income has a significant impact on life satisfaction, but the impact is asymmetric. The decline in life satisfaction is much more significant due to perceiving a lower relative income in comparison to the rise in life satisfaction because of perceiving a higher relative income. Absolute income is only significantly and positively associated with life satisfaction in the pooled ordinary least squares estimations, but the association is never significantly different from zero when individual fixed effects are controlled. Household savings have a positive but small impact on life satisfaction. Among different financial‐related shocks, people's self‐perceived relative income varies the most due to changes in household net income, total savings, and employment status.

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“…D'autres analyses révèlent que la relation entre l'inégalité et le bonheur est significative pour les 40 % d'individus qui ont un revenu inférieur et non significative pour les autres, ce qui n'est pas surprenant puisque les plus riches profitent de la situation. Chang (2013) s'est intéressé à « l'identité de position » comme variable médiatrice. Il a démontré que lorsque le revenu relatif augmente cette identité de position augmente et favorise l'amélioration du bien-être subjectif.…”

Section: Les Coûts De L'inégalité De Revenusunclassified

Inégalité De Revenus Et Bonheur Autour Du Monde

Bouffard

Dubé

2017

rqpsy

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L’inégalité de revenus et le bonheur seraient en relation négative, et ce, de façon plus marquée dans les pays riches que dans les pays pauvres. Des données recueillies sur 144 pays ont servi à vérifier cette hypothèse. Cette dernière a été confirmée pour deux indices de bonheur : l’évaluation de la vie et le bien-être subjectif, mais pour les pays riches seulement; même en contrôlant l’effet du pouvoir d’achat. Au-delà d’un certain seuil d’inégalité, l’augmentation de la richesse dans les pays riches n’apporte pas de mieux-être. La croissance économique y importe moins que la juste répartition des richesses. Étant donné les graves répercussions de l’inégalité sur la santé mentale, les psychologues sont invités à y porter attention dans leurs interventions.Inequality of income and happiness seem to be in a negative correlation and the latter could be greater in rich than in poor societies. To examine this hypothesis, data were collected on 144 countries. The hypothesis was confirmed for two indexes of happiness: life evaluation and subjective well-being, but only for rich countries, even when controlling the effect of purchasing power. Beyond some level of inequality, the economic growth does not improve well-being in rich countries. In these countries, economic growth counts less than a fair distribution of wealth. Because of the serious repercussions of inequality on mental health, psychologists are invited to pay attention to it in their interventions

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Climbing up the Social Ladders: Identity, Relative Income, and Subjective Well-being

Cited by 24 publications

References 55 publications

Examining gender differences in predictors of financial satisfaction: Evidence from Taiwan

Examining gender differences in predictors of financial satisfaction: Evidence from Taiwan

The Impact of Self‐Perceived Relative Income on Life Satisfaction: Evidence from British Panel Data

Inégalité De Revenus Et Bonheur Autour Du Monde

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