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/lp/springer-journals/a-new-research-agenda-for-improvements-in-quality-of-life-self-6zzOkezTaQ
- Publisher
- Springer International Publishing
- Copyright
- © Springer International Publishing Switzerland 2015
- ISBN
- 978-3-319-15903-4
- Pages
- 109 –134
- DOI
- 10.1007/978-3-319-15904-1_6
- Publisher site
- See Chapter on Publisher Site
Abstract
[Socioeconomic status and personality have always been seen as the important factors in social life. This study examines the relative effects of socioeconomic status and personality on subjective well-being in Taiwan. Data are from the 2009 Taiwan Social Change Survey, specifically its section on social inequality. The results indicate that after taking into account the effects of relative income, absolute personal and family income do not exert significant effects on life satisfaction and happiness, while relative personal and family incomes are highly significant. They also underscore the importance of socioeconomic characteristics in addition to income when analyzing life satisfaction and happiness, since the effect of class (measured as subjective class position) as well as that of income (measured as relative income) each plays an important role on subjective well-being. Combined, the results indicate that socioeconomic status (both income and class) exerts a much stronger effect than that of personality on subjective well-being among Taiwanese.]
Published: Jan 31, 2015
Keywords: Socioeconomic status; Relative income; Subjective class position; Personality; Subjective well-being