Household finances and well-being in Australia: An empirical analysis of comparison effects
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- 作者：Sarah Brown sarah.brown@sheffield.ac.uk" class="auth_mail" title="E-mail the corresponding author ; Daniel Gray ; d.j.gray@sheffield.ac.uk" class="auth_mail" title="E-mail the corresponding author
- 关键词：Financial satisfaction ; Fixed effects ordered logit ; Household finances ; Overall life satisfaction ; Subjective prosperity
- 刊名：Journal of Economic Psychology
- 出版年：2016
- 出版时间：April 2016
- 年：2016
- 卷：53
- 期：Complete
- 页码：17-36
- 全文大小：407 K
文摘
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We explore the relationship between household finances and well-being in Australia.
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The household’s financial position has a significant impact on well-being.
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The average financial position of a defined reference group influences well-being.
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The results suggest that information effects generally dominate comparison effects.
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These associations are asymmetric and vary over the life-cycle.