The Mediating Effect of Financial Motives in the Association between Entrepreneurial Experience and Subjective Well-Being: Evidence from Japan

This study investigates the relationship between entrepreneurial experience and subjective well-being. Using an original survey on subjective well-being, entrepreneurial experience, level of wealth (inferred from observed variables of income, cash, and assets), and personal attributes of 10,001 individuals in Japan, we examine the factors that mediate the association between entrepreneurial experience and subjective well-being. We measure entrepreneurial experience as an individual’s experience in funding, owning, and running a corporation. We consider the mediating effect of the level of wealth on subjective well-being because entrepreneurial well-being is associate with wealth derived from income, cash, and assets. Our results provide no significant evidence that individuals with entrepreneurial experience have higher subjective well-being. However, we find a positive indirect effect of entrepreneurial experience on subjective well-being through wealth and a negative indirect effect through debt. The findings of this study indicate the importance of considering the mediating effect of financial motives in entrepreneurial well-being.

     

Water Access and Subjective Well-Being: The Case of Sucre,Bolivia

In this paper we study the influence of residential water access on subjective well-being. The data come from original field work that includes 535 households in Sucre, Bolivia, a city with deficits in the water service. We relate two subjective well-being measures, satisfaction with life and satisfaction with the water domain, to water access variables. It could be the case that the effect of water access variables in subjective well-being could be spurious. That is, water access variables could be capturing shortfalls in other basic needs, such as a lack of income. In order to avoid spurious conclusions, we include socioeconomic variables such as income and place of residence in the regression as control variables. In addition, people might adapt to having poor access to water. The significance of the coefficients of the water variables could lead us to conclude that people do not adapt, but non significance means we cannot reject this possibility. In the econometric regressions, water variables such as water cuts, water quality and access quality, when added to the control variables, increase goodness-to-fit affecting both subjective well-being measures. Our results permit to assess the importance of key elements of access to water in the region under study by relating them to subjective well-being and reveal that water access influences subjective well-being beyond adaptation and other socioeconomic characteristics. Taking this into consideration, we propose that well-being studies in developing countries should consider water access aspects.     

Income Expectations and Happiness: Evidence from British Panel Data

We analyze the impact of households’ subjective current and future financial measures on their well-being by using three waves of a longitudinal data set—Understanding Society -from the UK. We use a fixed-effects regression method to get rid of individual heterogeneity, and find that even after controlling for some demographic characteristics, including equivalent household income, subjective measures of current and future financial well-being are still significant correlates of life satisfaction in UK households. The same results hold for income satisfaction and mental health. Our main contribution however is showing that positive surprises in financial expectations decrease the subjective well-being of the household’s, and vice versa for negative surprises. This result shows that even though a household’s expectations of its future financial situation may not be accurate, any unexpected shock regarding household income could be significantly correlated with subjective well-being.     

Social Comparisons on Subjective Well-Being: The Role of Social and Cultural Capital

Using the German Socio-Economic Panel, we analyze the relevance of modeling social comparisons to determine their effect on subjective well-being. We find that it is important to model social comparisons in such a way that captures the sensitivity of individuals to proximity. The impact on subjective well-being differs depending on the manner in which proximity is modeled, revealing that the underlying processes in comparisons are not homogenous along the income distribution. Additionally, our results point out that social and cultural capital modify the effect of social comparisons and such modification depends on the sensitivity to proximity.     

农民工收入与主观幸福感的关系：社会支持和人格的作用

采用整群抽样方法对选自长沙市的452名农民工进行问卷调查,考察社会支持、人格在农民工收入与主观幸福感关系中的作用。结果表明：农民工收入对其主观幸福感有显著的正向预测性;在农民工收入与其主观幸福感的关系中,社会支持起部分中介作用,神经质和宜人性有缓冲作用,外倾性有增强作用;社会支持的中介作用受到宜人性的调节。     

Life Satisfaction and Keeping Up with Other Countries

Micro income studies show that relative income of individuals—with respect to their colleagues, friends, etc.—affects their life satisfaction significantly. This paper attempts to extend these studies by using the idea that people may compare their well-being not only to well-being of their home country folks but also to well-being of other country citizens. Using data from national surveys of 55 countries, carried out from 1973 to 2011, we find that average life satisfaction of a country is significantly affected from how much that country is deprived of income compared to richer countries in the world. Furthermore, per capita income of a country only matters as far as it affects its relative position in the global income distribution. This result, gaining statistical significance after 1990s, is a potential explanation for the paradox that even though richer countries tend to be happier compared to poor ones, a country does not necessarily get happier as its income increases.     

职业压力对西部山区中小学教师主观幸福感的影响：有调节的中介模型

为了探讨西部山区中小学教师职业压力与主观幸福感的影响,采用问卷调查法对2568名西部山区中小学教师进行调查,结果显示：（1）西部山区中小学教师主观幸福感在性别、是否担任班主任、月收入、教龄等人口学变量上存在显著性差异;（2）职业压力显著负向预测西部山区中小学教师主观幸福感;（3）职业倦怠中介了职业压力对西部山区中小学教师主观幸福感的影响;（4）职业认同调节了职业压力→职业倦怠→西部山区中小学教师主观幸福感这个中介过程的前半段。     

Economic Poverty and Happiness in Rural Ecuador: the Importance of <Emphasis Type="Italic">Buen Vivir</Emphasis> (Living Well)

This research paper addresses the endemic dimensions of having or not having a good life using a concept of poverty based on self-reported subjective well-being. We build a subjective well-being poverty (SWBP) line and compare it with two income poverty (IP) lines. The endemic dimension comes from rural Ecuador and the indigenous happiness idea of Buen Vivir (Living Well), which has been the focus of growing attention in the scientific and the political arena. Discrepancies between SWBP and IP are deeply explored building models that explain SWBP with IP, as well as control variables and Buen Vivir related variables. We show that income poor households are more likely to be poor in terms of their reported subjective well-being. However, households that grow their own food and are in an indigenous community are less likely to report to be subjective well-being poor. The results suggest that low SWBP values in contrast with high IP may be explained by idiosyncratic components of the Buen Vivir philosophy. The components of the Buen Vivir ethos related to SWBP give rise to the idea of building multidimensional concepts of poverty based on what ethnic people consider to be good or bad for their specific way of life. In a general context, our study raises the importance of considering poverty and its dimensions taking into account the endemic factors of specific groups of people and cultures. That is, to take into account what is important for their lives.     

Exploring Predictors of Subjective Well-Being in Ghana: A Micro-Level Study

Subjective well-being has been studied by social scientists for decades mostly in developed countries. Little is known about determinants of subjective well-being in developing countries and more particularly in Sub-Saharan Africa (SSA). Using 2005–2008 World Values Survey (n = 1,533) this study adds to existing literature on well-being in developing countries focusing on Ghana. The paper explores the predictors of two measures of subjective well-being—happiness and satisfaction in life at micro-level in Ghana. The analyses are divided into two main sections. The first part describes the distribution of happiness and satisfaction in life among Ghanaians. The second section elucidates factors influencing the selected measures of subjective well-being separately. The data reveal that both happiness and life satisfaction among Ghanaians are shaped by multitude of factors including economic, cultural, social capital and health variables. Relatively, perceived health status emerged as the most salient predictor of both measures of well-being. Besides religiosity, all the religion variables emerged as significant predictors of how Ghanaians appraise their own well-being. Equally, income, ethnicity and social capital variables emerged as predictors of happiness and life satisfaction at micro-level in Ghana. Policy implications of the findings are discussed alluding to multidimensional approach to well-being promotion in the country. The outcome of the study also establishes the fact that factors predicting subjective well-being at the micro level vary in SSA context compared to the developed world.     

Interpretation of Poverty in St. Louis County,Minnesota

The paper analyzes subjective poverty in St. Louis County, Minnesota with the methods of systematic data collection. The initial hypothesis states that American people blame the individuals for their poor living conditions. Based on the Easterlin paradox, the next hypothesis states that subjective and absolute poverty lines are independent. Taking into account that the USA is a developed country, subjective wellbeing is supposed to be associated with relative deprivation. The paper concludes that the items most related to poverty are “no job”, “no access to basic needs” and “addiction”. The main causes of poverty are “cycle of poverty”, “no job” and “addiction”. The main consequences of poverty are “no access to basic needs”, “poor health” and “minimum education”. The results revealed that the most important items related to poverty and the main causes and consequences of poverty cannot be classified unambiguously as being individualist, structural or fatal. The analysis showed that subjective poverty line is different from the objective lines. This result supports the Easterlin paradox and implies that people can be dissatisfied with their lives even when they are above the poverty line according to the official statistics. Elimination of absolute poverty may therefore not be enough to improve subjective well-being. The evidence that relative income assessment is not correlated with subjective well-being implies that people are not concerned with their relative income position.     

Happiness Components and their Attainment in Old Age: A Cross-Cultural Comparison Between Italy and Cuba

This study investigates the subjective representation of the components of happiness and their attainment in older adults from two countries with different economic well-being and cultural orientations: Italy and Cuba. Two hundred and nine Italians and 186 Cubans completed a questionnaire. Respondents were asked to write down at least five components that made them feel happy. A measure of overall happiness was also obtained by asking the subjects to rate to what extent they had attained each component in their life and calculating their mean. The results showed that there was agreement amongst the participants over their choice of components used to represent happiness; however, there were cross-cultural differences regarding the frequency of citation and importance of these components. The fact of living in Italy or Cuba was not a predictor of overall happiness, despite the difference in national income. This is in line with previous research highlighting how subjective well-being does not depend wholly on economic well-being.     

青少年网络利他行为与主观幸福感的关系——一个有中介的调节模型

对1376名青少年进行问卷调查,在控制人口统计学变量后,考察青少年网络利他行为、自尊、自我效能感和主观幸福感之间的关系。结果发现:(1)青少年的网络利他行为对主观幸福感有显著的正向预测作用;(2)自尊调节了网络利他行为与主观幸福感之间的关系;(3)自我效能感在自尊对网络利他行为和主观幸福感关系的调节效应中起完全中介作用。     

金钱对幸福感的影响及其心理机制

传统经济学家认为,更多的收入会导致更高的幸福水平。心理学家在这个问题上则显得谨慎一些,他们从多个方面考察了金钱与幸福感之间的关系,并从中得出了一些引人深思的结论。研究表明,金钱能够通过人格、目标、动机、社会比较、适应与压力等中介变量对幸福感产生影响。未来研究应该在研究对象和方法上加以改进,在心理机制方面进行更深入的探讨。此外,本土化研究在我国有着重要的现实意义,有待于加强     

Progressive taxation and the subjective well-being of nations

Using data from the Gallup World Poll, we examined whether progressive taxation is associated with increased levels of subjective well-being. Consistent with Rawls's theory of justice, our results showed that progressive taxation was positively associated with the subjective well-being of nations. However, the overall tax rate and government spending were not associated with the subjective well-being of nations. Furthermore, controlling for the wealth of nations and income inequality, we found that respondents living in a nation with more-progressive taxation evaluated their lives as closer to the best possible life and reported having more positive and less negative daily experiences than did respondents living in a nation with less-progressive taxation. Finally, we found that the association between more-progressive taxation and higher levels of subjective well-being was mediated by citizens' satisfaction with public goods, such as education and public transportation.     

International Determinants of Subjective Well-Being: Living in a Subjectively Material World

Researchers, policymakers, and the general public increasingly agree on the importance of subjective well-being as an indicator of individual and societal welfare. A vast literature has emerged over the last twenty years documenting the many variables that influence subjective well-being. The purpose of this study is to quantify the relative importance of these determinants in an attempt to synthesize the main strands in the literature and inform policy formulations. We use in our analysis three years’ worth of data from the Gallup World Poll, including 153 countries and ten geopolitical regions. We estimate the relative importance of four major domains of subjective well-being using a basic model with 25 independent variables, and a broader set of seven domains using an extended model with 60 independent variables. Our results show that material well-being is the main determinant of subjective well-being across all ten geopolitical regions. A particularly strong determinant of subjective well-being in our study is feelings about household income, whereas community functioning, governance and altruistic behaviors have a relatively low importance. Our results suggest that subjective material well-being and its objective determinants, including economic growth and income inequality, should remain at the center of the research and policy agenda. Further research is recommended to ascertain the relative importance of social, physical and purpose well-being.     

Are Relative-Income Effects Constant Across the Well-Being Distribution?

This paper challenges the common assumption made by economists to date that income comparisons are similarly important in different segments of the subjective well-being (SWB) distribution. The results, based on the 2000–2007 waves of the German SOEP and on a Generalized Ordered Probit for panel data, show that relative income, as measured either by the mean income of the reference group or the individual ordinal ranking within the group, exerts a differential effect across SWB levels. Such divergence is assessed by means of the tradeoff ratio between household income and the relative income variables. The results show that a low rank and falling below the average income in one’s group are significant determinants of low SWB but largely irrelevant when accounting for high SWB. The fact that conditionally unhappy individuals are more sensitive to comparisons, particularly if they are unfavorable, is consistent with earlier laboratory studies in the field of psychology.     

Professional Financial Advice and Subjective Well-Being

In this paper, we examine the relationship between professional financial advice (PFA) and subjective well-being (SWB). Utilizing the Dutch Household Survey 1995–2018, we find that regarding a professional financial advisor as most important source of financial advice is associated with higher levels of SWB. This association is stronger for households that experienced an increase in income, individuals who do not consider themselves financially knowledgeable, and individuals that have a weaker internal locus of control and have a lower degree of conscientiousness.

     

Subjective Well-Being in an Era of Relentless Growth: The Case of Turkey Between 2004 and 2014

This paper analyses the subjective well-being levels in Turkey between 2004 and 2014 by relying on Turkish Statistical Institute’s Life Satisfaction Surveys. This is the first study ever suggesting an alternative well-being approach for Turkish population based on subjective measures. Inspired from the Bhutan’s Gross National Happiness and Cummins et al.’s (2003) Australian Unity Well-Being Index approaches, we constructed several subjective well-being indexes for the first time in Turkey. The main findings of this study are as follows: (1) Despite GDP per capita (in current $) doubles between 2004 and 2014 period, constructed indexes show slight increments or stagnate around some level. (2) We found a slight support for Frey and Stutzer’s (2002a) argument that GDP per capita is insensible after some threshold. (3) National well-being indicators are found to be more volatile than individual well-being indicators, which hints that individuals may be using their informal social networks as a shelter from the economic and politic fluctuations in the country. (4) Much of the volatility in subjective well-being indexes are caused by psychological well-being indicators. Previous results indicate that as basic requirements of a society are met after some level of per capita income, non-materialistic aspirations- like happiness, freedom or justice-started to surpass materialistic aspirations. Same is true for Turkey- this led us to conclude that the reductionist approach of delegating the solution of social and ecological problems to economic growth process may lie beneath this dismal outcome in Turkey in the last decade. Thus, we recommend policy-makers to upkeep with the reform process which would make economic and political system more transparent and competitive, which in turn, help to ameliorate the channels through which individuals fulfil their aspirations.     

Feeling Economically Dependent on One's Job: Its Origins and Functions With Regard to Worker Well-Being

The origins and functions of feeling economically dependent on one's job were examined among a sample of 168 hospital workers. As predicted, economic dependency was found to be greater the more dependents workers have, the less money they earn from their jobs, the less other income they have in their family units, the more they adhere to an instrumental work orientation, and the less mobile they perceive themselves to be. Also as predicted, it was found that economic dependency fully mediated the relationship between 4 of the 5 antecedents (number of dependents, other income, instrumental values, and perceived mobility) and the subjective well-being of workers. Job-related income was observed to have both direct and indirect effects. Further, the relationship between economic dependency and subjective well-being was negative. These latter findings are discussed and implications drawn for the future use of the economic dependency construct.     

Happiness and Domain Satisfaction in Taiwan

Happiness and life satisfaction are two empirically correlated but nobreak conceptually different measures of well-being. As an emotional state, happiness is sensitive to sudden changes in mood, whilst satisfaction is regarded as a cognitive or judgmental state. Using estimations from two empirical models, the aim of this study is to examine the determinants of happiness and satisfaction amongst nobreak Taiwanese people in a number of life domains. First of all, we attempt to investigate the individual characteristics of happiness by using an ordered probit model. Secondly, using ordinary least squares, we include an individual's value or attitude variables as nobreak determinants of the level of satisfaction with different life domains.Our results suggest that higher income is associated with a higher level of subjective well-being. Measures of comparison income are significantly negatively correlated with the reported level of happiness and job satisfaction, which supports the hypothesis that well-being depends on income relative to a reference group. Consistent with the results from other countries, married people report a higher degree of happiness and satisfaction, whilst the past experience of unemployment significantly reduces subjective well-being. There is little gender difference in happiness or satisfaction with different domains. Furthermore, individual's personal values have strong effects on both marital satisfaction and job satisfaction. The findings of this paper confirm that the effects of personal characteristics are fundamentally different in terms of happiness and satisfaction with specific domains of life.