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Title: Measures of Economic Well-Being as Predictors of Psychological Well-Being
Resulting in 1 citation.
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Mullis, Randolph J. |
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Measures of Economic Well-Being as Predictors of Psychological Well-Being Social Indicators Research 26,2 (March 1992): 119-135 Cohort(s): Older Men Publisher: Springer Keyword(s): Economic Well-Being; GED/General Educational Diploma/General Equivalency Degree/General Educational Development; Income; Income Dynamics/Shocks; Well-Being Permission to reprint the abstract has not been received from the publisher. Uses data from the National Longitudinal Surveys Mature Male cohort for 1976 to explore the relationship between economic well-being (EWB) and psychological well-being (PWB). This research indicates that a comprehensive measure of EWB based on permanent income, annualized net worth, and household economic demands performs better as a predictor of PWB than conventional measures of EWB, particularly current reported income. Statistically, the results are significant, yet the percentage of PWB variance explained by the measures of EWB is very small. The average level of happiness varied only a small amount across quintile categories of each of the measures of EWB (i.e., a substantial number of Ss in the lowest and next lowest quintiles of the measures of EWB expressed as high a level of happiness as Ss in the upper 2 quintiles of EWB). (PsycINFO Database Copyright 1992 American Psychological Assn, all rights reserved). |
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Bibliography Citation
Mullis, Randolph J. "Measures of Economic Well-Being as Predictors of Psychological Well-Being." Social Indicators Research 26,2 (March 1992): 119-135.
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