ECONOMIC CHARACTERISTICS AND SUBJECTIVE WELL-BEING

• Authors: Želinský Tomáš , Soroková Tatiana , Petríková Daniela
• Languages of publication: EN

Abstracts

EN

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 representative EU-SILC 2013 survey covering the Slovak population age 16 and older. Subjective well-being is 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.

Keywords

EN

WELL-BEING; EU-SILC; ECONOMIC CHARACTERISTICS; SLOVAKIA

• Publisher: Institute of Sociology, Slovak Academy of Sciences
• Journal: Sociológia (Sociology)
• Year: 2018
• Volume: 50
• Issue: 3
• Pages: 334 - 364

Contributors

author

Želinský Tomáš

• Faculty of Economics, Technical University of Košice, Němcovej 32, 04001 Košice, Slovak Republic

author

Soroková Tatiana

author

Petríková Daniela