Hope Mediates the Relation between Income and Subjective Well-Being.

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Title: Hope Mediates the Relation between Income and Subjective Well-Being.
Authors: Pleeging, Emma (AUTHOR), Burger, Martijn (AUTHOR), van Exel, Job (AUTHOR)
Source: Journal of Happiness Studies. Jun2021, Vol. 22 Issue 5, p2075-2102. 28p. 11 Charts, 1 Graph.
Subjects: Subjective well-being (Psychology), Hope, Panel analysis, Goal (Psychology), Disappointment
Abstract: In this study, we examine whether the positive effect of income gains on subjective well-being (SWB) can in part be explained by the improved future prospects that are generated by a more solid financial situation. Using three-wave panel data from the US, we inspect the relation between changes in income, hope and SWB using a fixed-effects model. Results show that hope indeed partially mediates the relation between income and SWB, but only for monthly incomes over $1800. Positive expectations, on the other hand, mediate the relation for all income levels. From the two components of hope, agency, the belief that we can achieve our goals, seems to be the strongest mediator. We find no indications that extremely high levels of hope or expectations will harm SWB through disappointment. [ABSTRACT FROM AUTHOR]
Copyright of Journal of Happiness Studies is the property of Springer Nature and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Psychology and Behavioral Sciences Collection
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  Data: Hope Mediates the Relation between Income and Subjective Well-Being.
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  Data: <searchLink fieldCode="AR" term="%22Pleeging%2C+Emma%22">Pleeging, Emma</searchLink> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Burger%2C+Martijn%22">Burger, Martijn</searchLink> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22van+Exel%2C+Job%22">van Exel, Job</searchLink> (AUTHOR)
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  Data: <searchLink fieldCode="JN" term="%22Journal+of+Happiness+Studies%22">Journal of Happiness Studies</searchLink>. Jun2021, Vol. 22 Issue 5, p2075-2102. 28p. 11 Charts, 1 Graph.
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  Data: <searchLink fieldCode="DE" term="%22Subjective+well-being+%28Psychology%29%22">Subjective well-being (Psychology)</searchLink><br /><searchLink fieldCode="DE" term="%22Hope%22">Hope</searchLink><br /><searchLink fieldCode="DE" term="%22Panel+analysis%22">Panel analysis</searchLink><br /><searchLink fieldCode="DE" term="%22Goal+%28Psychology%29%22">Goal (Psychology)</searchLink><br /><searchLink fieldCode="DE" term="%22Disappointment%22">Disappointment</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: In this study, we examine whether the positive effect of income gains on subjective well-being (SWB) can in part be explained by the improved future prospects that are generated by a more solid financial situation. Using three-wave panel data from the US, we inspect the relation between changes in income, hope and SWB using a fixed-effects model. Results show that hope indeed partially mediates the relation between income and SWB, but only for monthly incomes over $1800. Positive expectations, on the other hand, mediate the relation for all income levels. From the two components of hope, agency, the belief that we can achieve our goals, seems to be the strongest mediator. We find no indications that extremely high levels of hope or expectations will harm SWB through disappointment. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Journal of Happiness Studies is the property of Springer Nature and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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        Value: 10.1007/s10902-020-00309-6
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      – Code: eng
        Text: English
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        PageCount: 28
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    Subjects:
      – SubjectFull: Subjective well-being (Psychology)
        Type: general
      – SubjectFull: Hope
        Type: general
      – SubjectFull: Panel analysis
        Type: general
      – SubjectFull: Goal (Psychology)
        Type: general
      – SubjectFull: Disappointment
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      – TitleFull: Hope Mediates the Relation between Income and Subjective Well-Being.
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              Text: Jun2021
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              Y: 2021
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