Easterlin paradox revisited: Do increases in income bring higher levels of income satisfaction?

IF 0.3 Q4 SOCIOLOGY
Sociologija Pub Date : 2021-04-23 DOI:10.2298/soc2102220m
V. Mentus, Marko Vladisavljević
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引用次数: 0

Abstract

In this paper, we examine the relationship between income and income satisfaction in the pool of developed European economies, for the period between 2002 and 2018. Although the nexus between income and most subjective well-being indicators is frequently investigated in prior studies, the research investigating the relationship between income and income satisfaction over time is non-existing. We find that during the observed period real disposable household income significantly increased, while the satisfaction with household income remained constant. Furthermore, the analysis within hierarchical linear modeling shows that while between-country variations in income affect income satisfaction, this is not the case for income variations over time. Our findings support the notion of the Easterlin paradox, which indicates that in the long-run increases in income do not lead to higher levels of well-being. Explanations for such results may be found in the social comparison theory, hedonic adaptation theory and aspiration level theory: increasing income does not bring positive effects on income satisfaction due to relevance of the relative and not the absolute income, adaptation to income changes, or higher levels of aspirations resulting from income rise.
伊斯特林悖论:收入的增加会带来更高的收入满意度吗?
在本文中,我们研究了2002年至2018年期间欧洲发达经济体收入与收入满意度之间的关系。虽然收入和大多数主观幸福感指标之间的联系在以前的研究中经常被调查,但调查收入和收入满意度之间随时间变化的关系的研究并不存在。我们发现,在观察期间,家庭实际可支配收入显著增加,而对家庭收入的满意度保持不变。此外,分层线性模型中的分析表明,虽然国家之间的收入差异会影响收入满意度,但随着时间的推移,收入变化并非如此。我们的研究结果支持伊斯特林悖论的概念,该悖论表明,从长远来看,收入的增加并不会带来更高水平的幸福。对这一结果的解释可以从社会比较理论、享乐适应理论和期望水平理论中找到:由于相对收入的相关性而不是绝对收入的相关性、对收入变化的适应性或收入增加导致的更高的期望水平,收入增加对收入满意度没有积极影响。
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
Sociologija
Sociologija SOCIOLOGY-
CiteScore
0.70
自引率
0.00%
发文量
12
审稿时长
40 weeks
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