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The Psychology of Quality of LifeEffects of Resources (Time, Money, Income, and Wealth) on Wellbeing

The Psychology of Quality of Life: Effects of Resources (Time, Money, Income, and Wealth) on... [This chapter discusses the effects of resources such as time, money, income, and wealth on subjective aspects of quality of life (hedonic wellbeing, life satisfaction, and Eudaimonia). With respect to time, much research in this area attempts to answer questions such as, what activities people spend time to produce the greatest happiness, how savoring time can produce happiness, and how people extract meaning from time. With respect to money, the research highlights those things that people spend money to enhance their wellbeing. Also, the research addresses conditions that shed light on the wellbeing effects of time versus money. Followingly, research dealing with the effects of income and wealth on wellbeing is discussed. This discussion is broken down by level of analysis (individual versus national) and time frame (short term versus long term).] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

The Psychology of Quality of LifeEffects of Resources (Time, Money, Income, and Wealth) on Wellbeing

Part of the Social Indicators Research Series Book Series (volume 83)
Sirgy, M. Joseph
The Psychology of Quality of Life — Jun 10, 2021
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References (77)

Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
ISBN
978-3-030-71887-9
Pages
109 –127
DOI
10.1007/978-3-030-71888-6_5
Publisher site
See Chapter on Publisher Site

Abstract

[This chapter discusses the effects of resources such as time, money, income, and wealth on subjective aspects of quality of life (hedonic wellbeing, life satisfaction, and Eudaimonia). With respect to time, much research in this area attempts to answer questions such as, what activities people spend time to produce the greatest happiness, how savoring time can produce happiness, and how people extract meaning from time. With respect to money, the research highlights those things that people spend money to enhance their wellbeing. Also, the research addresses conditions that shed light on the wellbeing effects of time versus money. Followingly, research dealing with the effects of income and wealth on wellbeing is discussed. This discussion is broken down by level of analysis (individual versus national) and time frame (short term versus long term).]

Published: Jun 10, 2021

Keywords: Hedonic wellbeing; Life satisfaction; Subjective wellbeing; Eudaimonia; Resources; Time; Money; Income; Wealth; Activities

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