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In: Sociológia - Slovak Sociological Review, vol. 50, no. 3


Economic Characteristics and Subjective Well-Being

Tomáš Želinský - Tatiana Soroková - Daniela Petríková

ISSN 0049-1225 ISSN 1336-8613 (print)

Publisher: Sociologický ústav SAV

Year, pages: 2018, 334-364

Language: eng

Published: 4. 7. 2018

Full Text

Article type: štúdia

Document type: časopis

Abstract:

Economic Characteristics and Subjective Well-Being. 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 representa¬tive EU-SILC 2013 survey covering the Slovak population age 16 and older. Subjective well-being 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 well-being 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. Sociológia 2018, Vol. 50 (No. 3: 334-364)

How to cite:

ISO 690:
Želinský, T., Soroková, T., Petríková, D. 2018. Economic Characteristics and Subjective Well-Being. In Sociológia - Slovak Sociological Review, vol. 50, no.3, pp. 334-364.

APA:
Želinský, T., Soroková, T., Petríková, D. (2018). Economic Characteristics and Subjective Well-Being. Sociológia - Slovak Sociological Review, 50(3), 334-364.

Keywords: Well-Being; EU-SILC; economic characteristics; Slovakia