Income and life satisfaction: A 'wave formation' framework

Aliyev, Khatai; Nadirov, Orkhan; Dehning, Bruce Nelson

dc.title	Income and life satisfaction: A 'wave formation' framework	en
dc.contributor.author	Aliyev, Khatai
dc.contributor.author	Nadirov, Orkhan
dc.contributor.author	Dehning, Bruce Nelson
dc.relation.ispartof	Journal of Happiness Studies
dc.identifier.issn	1389-4978 Scopus Sources, Sherpa/RoMEO, JCR
dc.identifier.issn	1573-7780 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued	2021
dc.type	article
dc.language.iso	en
dc.publisher	Springer Nature
dc.identifier.doi	10.1007/s10902-021-00428-8
dc.relation.uri	https://link.springer.com/content/pdf/10.1007/s10902-021-00428-8.pdf
dc.subject	income	en
dc.subject	life satisfaction	en
dc.subject	subjective well-being	en
dc.subject	wave formation	en
dc.subject	Azerbaijan	en
dc.description.abstract	Previous research on the relation between wealth and life satisfaction has found conflicting results. The current study aims to bring a "wave formation" framework to the subjective well-being literature to understand the features of non-linearity in the income-life satisfaction association. The study compares individuals' life satisfaction at various wealth levels, moving their way up or down through the income stratum. We hypothesize that when someone with increasing income reaches the top of one stratum their satisfaction is high, but when they move from the top of one stratum to the bottom of the next their satisfaction declines, leading to a wave pattern. Using a cross-sectional design for the dataset of 1654 respondents in Azerbaijan, we apply the Ordered Logit method to identify the income borders of ups-and-downs in the "wave." Threshold levels for each wave element are then calculated separately for males and females after controlling for a set of individual-specific factors. Empirical results support the hypothesis, with life satisfaction following a wave formation. The research findings have implications for policymakers and future research.	en
utb.faculty	Faculty of Management and Economics
dc.identifier.uri	http://hdl.handle.net/10563/1010439
utb.identifier.obdid	43882616
utb.identifier.scopus	2-s2.0-85110706425
utb.identifier.wok	000672248300001
utb.source	J-wok
dc.date.accessioned	2021-07-21T10:49:24Z
dc.date.available	2021-07-21T10:49:24Z
utb.contributor.internalauthor	Dehning, Bruce Nelson
utb.fulltext.affiliation	Khatai Aliyev1,2 http://orcid.org/0000-0001-8161-6269 · Orkhan Nadirov3 http://orcid.org/0000-0003-0978-1387 · Bruce Dehning4,5 http://orcid.org/0000-0002-2216-6867 ✉ Khatai Aliyev khatai.aliyev@unec.edu.az; xaliyev@beu.edu.az Orkhan Nadirov onadirov@ada.edu.az Bruce Dehning bdehning@chapman.edu; dehning@utb.cz 1 UNEC Empirical Research Center, Azerbaijan State University of Economics (UNEC), Istiqlaliyyat 6, AZ1001 Baku, Azerbaijan 2 Department of World Economy, Baku Engineering University, Hasan Aliyev 120, AZ0101 Khirdalan, Azerbaijan 3 School of Public and International Afairs, ADA University, Ahmadbay Agha-Oglu 61, 1008 Baku, Azerbaijan 4 Argyros School of Business and Economics, Chapman University, One University Dr.,, Orange, CA 92866, USA 5 Faculty of Management and Economics, Tomas Bata University, Mostni 5139, 76001 Zlin, Czech Republic
utb.fulltext.dates	Accepted: 30 June 2021 Published online: 12 July 2021
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utb.fulltext.sponsorship	-
utb.wos.affiliation	[Aliyev, Khatai] Azerbaijan State Univ Econ UNEC, UNEC Empir Res Ctr, Istiqlaliyyat 6, AZ-1001 Baku, Azerbaijan; [Aliyev, Khatai] Baku Engn Univ, Dept World Econ, Hasan Aliyev 120, AZ-0101 Khirdalan, Azerbaijan; [Nadirov, Orkhan] ADA Univ, Sch Publ & Int Affairs, Ahmadbay Agha Oglu 61, Baku 1008, Azerbaijan; [Dehning, Bruce] Chapman Univ, Argyros Sch Business & Econ, One Univ Dr, Orange, CA 92866 USA; [Dehning, Bruce] Tomas Bata Univ, Fac Management & Econ, Mostni 5139, Zlin 76001, Czech Republic
utb.scopus.affiliation	UNEC Empirical Research Center, Azerbaijan State University of Economics (UNEC), Istiqlaliyyat 6, Baku, AZ1001, Azerbaijan; Department of World Economy, Baku Engineering University, Hasan Aliyev 120, Khirdalan, AZ0101, Azerbaijan; School of Public and International Affairs, ADA University, Ahmadbay Agha-Oglu 61, Baku, 1008, Azerbaijan; Argyros School of Business and Economics, Chapman University, One University Dr.,, Orange, CA 92866, United States; Faculty of Management and Economics, Tomas Bata University, Mostni 5139, Zlin, 76001, Czech Republic
utb.fulltext.projects	-
utb.fulltext.faculty	Faculty of Management and Economics
utb.identifier.jel	-