The purpose of the current study is to explore the joint effects of the love of money, professional development, and career anxiety on Turkish academics’ levels of happiness. To that end, we have constructed two different measurement models to examine the hypothesized relationships. According to the findings of Model 1, a) professional development contributes to increased levels of love of money, and happiness, b) the love of money contributes to increased levels of happiness, and c) love of money has a mediating role in the relationship between professional development and happiness. Of the control variables, only age has a moderating effect (buffering) on the aforementioned mediation model. According to the findings of Model 2, d) career anxiety causes the love of money to increase and happiness level to decrease, e) love of money has no significant effect on happiness level, and f) love of money does not have a mediating role in the relationship between career anxiety and happiness level. The age variable has a moderator effect on the relationship between career anxiety and happiness level.
Key Words: Career Anxiety, Happiness Level, Love of Money, Professional Development
JEL Classification: M10