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- PublicationAccès libreWhy Wealth Matters More Than Income for Subjective Well-being?(Cham: Springer, 2019)
;The links between economic prosperity and subjective well-being was one of the first ones to be investigated, ever since the latter has been measured. For convenience and availability matters, income (what people earn) was mostly used at the individual level. It is only since recently that data about wealth (what people possess) is available and the links between wealth and SWB are studied since about a decade. These results show an unambiguous positive link between wealth and SWB. In most cases, wealth is more important than income from the perspective of SWB. Theoretical and empirical reasons are reviewed in this chapter.
- PublicationAccès libreThe Four Forms of Wealth and Happiness: How Different Forms of Wealth Affect the Subjective Well-being of the Elderly in Europe(Cham: Springer, 2019)Wealth is far from being a homogeneous and monolithic concept. Wealth can be positive or negative (e.g. assets versus debts), more or less accessible (e.g. bank accounts versus housing wealth), and more or less time-constrained (e.g. cars versus bonds and mutual funds). These different forms of wealth are likely to influence in different ways the extent to which individuals are satisfied with their life. It is also likely that this influence varies across countries. In this chapter, we characterize four forms of wealth following two axes (positive/negative, mobile/immobile) and link them with the Subjective Well-Being (SWB) of the elderly in Europe. We find that positive mobile wealth is more strongly related to life satisfaction than positive immobile wealth. Negative mobile wealth is also more significantly related to life satisfaction than negative immobile wealth. Possible explanations are discussed using cultural theories.
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