Economic Characteristics and Subjective Well-Being

Artikel

The primary objective of this study is to examine the relationship between economic characteristics and well-being as one of the components of quality of life. The study is based on microdata obtained from a representative EU-SILC 2013 survey covering the Slovak population age 16 and older. Subjective wellbeing is proxied by a score reflecting the general mood or affect, including depression, anxiety, and psychologic well-being. The estimated mean value of the total subjective wellbeing score is 70 (median: 73). The results presented in this study suggest that economic factors are strongly correlated with the level of subjective well-being. The findings propose positive and diminishing returns to income; unemployed people score on average approximately 9 points lower than those who are employed; people living in indebted households have a lower level of subjective well-being than those living in households without debts; and the ability to face unexpected financial expenses increases the level of well-being.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Sociológia / Slovak Sociological Review ; ISSN: 1336-8613 ; Volume: 50 ; Year: 2018 ; Issue: 3 ; Pages: 334-364 ; Bratislava: Institute for Sociology, Slovak Academy of Sciences

Classification and Topics

• Classification: Wirtschaft ; General Welfare; Well-Being ; Welfare, Well-Being, and Poverty: General
• Subject: Well-Being ; EU-SILC ; economic characteristics ; Slovakia

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Želinský, Tomáš ; Soroková, Tatiana ; Petríková, Daniela
• Event: Veröffentlichung
• (who): Institute for Sociology, Slovak Academy of Sciences
• (where): Bratislava
• (when): 2018

Further information

• Handle: http://hdl.handle.net/10419/261335
• Last update: 10.03.2025, 11:41 AM CET