Hedonic and Eudaimonic Capital as Tools for Managing Fluctuations in Well-Being Throughout the Voyage of Life

IF 2.5 3区社会学 Q1 SOCIAL SCIENCES, INTERDISCIPLINARY

Applied Research in Quality of Life Pub Date : 2025-07-10 DOI:10.1007/s11482-025-10482-6

Arie Sherman, Pninit Russo-Netzer, Tal Shavit

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引用次数: 0

Abstract

What is the human mechanism for coping with expected and unexpected fluctuations in well-being? Psychological and economic theories suggest that possessing non-pecuniary capital promotes emotional resilience and reduces volatility in well-being. By integrating psychological, economic, and financial principles, this paper develops a deeper understanding of non-pecuniary capital’s protective role. The model is based on the notion that savings and diverse capital investments are key elements for coping with both foreseeable and unforeseeable disruptions in well-being. The proper allocation of the time, effort, attention and money sufficient for establishing a buffer against fluctuations in well-being is based on four conditions: (1) Overall well-being consisting of hedonia and eudaimonia; (2) Both components require an individual to be an active producer who invests scarce resources to accumulate both hedonic and eudaimonic capital, each divided into private and collective forms; (3) People act based on both selfish and altruistic motives; and (4) It is important to invest in one’s “authentic inner compass.” The model’s predictions are analyzed for two disruptions that can be expected – retirement from paid work and “empty nest syndrome” – and one unexpected “life quake.” The empirical evidence supporting the model is gathered from international experience.

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享乐资本和幸福资本：在整个人生旅程中管理幸福波动的工具

人类应对预期和意外的幸福波动的机制是什么？心理学和经济学理论表明，拥有非金钱资本可以提高情绪弹性，减少幸福感的波动。通过整合心理学、经济学和金融学原理，本文对非货币资本的保护作用有了更深的理解。该模型基于这样一种观念，即储蓄和多样化的资本投资是应对可预见和不可预见的福祉中断的关键因素。适当分配足够的时间、精力、注意力和金钱，以建立一个缓冲以防止幸福波动，这取决于四个条件：(1)由享乐和快乐构成的整体幸福；(2)这两个构成要素都要求个体是积极的生产者，投入稀缺资源积累享乐资本和幸福资本，并分为私人资本和集体资本；(3)人们的行为既有自私的动机，也有利他的动机；(4)投资于“真正的内心指南针”是很重要的。该模型的预测分析了两种可以预期的中断——从带薪工作中退休和“空巢综合症”——以及一种意想不到的“生活地震”。支持该模型的经验证据是从国际经验中收集的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Applied Research in Quality of Life SOCIAL SCIENCES, INTERDISCIPLINARY-

CiteScore

6.40

自引率

11.80%

发文量

期刊介绍： The aim of this journal is to publish conceptual, methodological and empirical papers dealing with quality-of-life studies in the applied areas of the natural and social sciences. As the official journal of the ISQOLS, it is designed to attract papers that have direct implications for, or impact on practical applications of research on the quality-of-life. We welcome papers crafted from interdisciplinary, inter-professional and international perspectives. This research should guide decision making in a variety of professions, industries, nonprofit, and government sectors, including healthcare, travel and tourism, marketing, corporate management, community planning, social work, public administration, and human resource management. The goal is to help decision makers apply performance measures and outcome assessment techniques based on concepts such as well-being, human satisfaction, human development, happiness, wellness and quality-of-life. The Editorial Review Board is divided into specific sections indicating the broad scope of practice covered by the journal. The section editors are distinguished scholars from many countries across the globe.