Abstract

Much of the discussion over satisfaction with life has focused on the significance of income. Some researchers argue that cognitive factors (expectations, social comparisons, life evaluations, schemas) is the mediating part between income and subj ective wellbeing, however, positive psychology suggests that happiness determines the effect of social comparison itself. Th is paradox could be titled “cognitive - emotional impact paradox”. We have chosen to explore this paradox and investigate the relationship between household income, cognitions, emotions, and satisfaction with life in Lithuania, as various studies, includin g “World Value Survey”, indicate Lithuania is among the countries demonstrating very low scores on happiness of population even though its’ economy grew fast when this country regained its’ independence in 1991. This paper presents some results of the surv ey which was conducted in 2016 (representative sample, n=1001). The analysis of data has demonstrated that when people get low household income per month, they report more intense negative emotions and less positive emotions. Secondly, our results suggest that people getting low household income per month express more negative cognitions and less positive cognition. Thirdly, the results demonstrated strong relationship between cognitio ns, emotions, and satisfaction with life. Moreover, the results contribu te to the empirical literature on “income – happiness” relation by demonstrating that household income has no significant direct effect on satisfaction with life, but there is a significant effect of househ old income on basic cognitions, which have a signi ficant effect on emotions. Subsequently, basic cognitions and emotions have an effect on satisfaction with life. However, “cognitive – emotional impact paradox” needs further exploration.
Household income; Subjective wellbeing; Happiness; Lithuania
Kiti antraštės duomenys
Atsakomybės duomenys
Kitos antraštės
Antraštė Antraštės duomenys
Original languageEnglish
Pages (from-to)198-210
JournalEntrepreneurship and Sustainability Issues
Volume4
Issue number2
DOIs
Publication statusPublished - 2016

Fingerprint

cognition
household income
income
psychology
effect
Paradox
Household income
Emotion
Cognition
Income
Happiness
comparison

Keywords

  • Household income
  • Subjective wellbeing
  • Happiness
  • Lithuania

Cite this

@article{948a9f6d8d98424b942aae0bb5309adc,
title = "Household income and satisfaction with life: cognitive emotional impact paradox",
abstract = "Much of the discussion over satisfaction with life has focused on the significance of income. Some researchers argue that cognitive factors (expectations, social comparisons, life evaluations, schemas) is the mediating part between income and subj ective wellbeing, however, positive psychology suggests that happiness determines the effect of social comparison itself. Th is paradox could be titled “cognitive - emotional impact paradox”. We have chosen to explore this paradox and investigate the relationship between household income, cognitions, emotions, and satisfaction with life in Lithuania, as various studies, includin g “World Value Survey”, indicate Lithuania is among the countries demonstrating very low scores on happiness of population even though its’ economy grew fast when this country regained its’ independence in 1991. This paper presents some results of the surv ey which was conducted in 2016 (representative sample, n=1001). The analysis of data has demonstrated that when people get low household income per month, they report more intense negative emotions and less positive emotions. Secondly, our results suggest that people getting low household income per month express more negative cognitions and less positive cognition. Thirdly, the results demonstrated strong relationship between cognitio ns, emotions, and satisfaction with life. Moreover, the results contribu te to the empirical literature on “income – happiness” relation by demonstrating that household income has no significant direct effect on satisfaction with life, but there is a significant effect of househ old income on basic cognitions, which have a signi ficant effect on emotions. Subsequently, basic cognitions and emotions have an effect on satisfaction with life. However, “cognitive – emotional impact paradox” needs further exploration. Household income; Subjective wellbeing; Happiness; Lithuania Kiti antraštės duomenys Atsakomybės duomenys Kitos antraštėsAntraštė Antraštės duomenys",
keywords = "Household income, Subjective wellbeing , Happiness , Lithuania",
author = "Aistė Diržytė and Rakauskienė, {Ona Gražina} and Vaida Servetkienė",
year = "2016",
doi = "10.9770/jesi.2016.4.2(7)",
language = "English",
volume = "4",
pages = "198--210",
journal = "Entrepreneurship and Sustainability Issues",
issn = "2345-0282",
publisher = "Entrepreneurship and Sustainability Center",
number = "2",

}

TY - JOUR

T1 - Household income and satisfaction with life: cognitive emotional impact paradox

AU - Diržytė, Aistė

AU - Rakauskienė, Ona Gražina

AU - Servetkienė, Vaida

PY - 2016

Y1 - 2016

N2 - Much of the discussion over satisfaction with life has focused on the significance of income. Some researchers argue that cognitive factors (expectations, social comparisons, life evaluations, schemas) is the mediating part between income and subj ective wellbeing, however, positive psychology suggests that happiness determines the effect of social comparison itself. Th is paradox could be titled “cognitive - emotional impact paradox”. We have chosen to explore this paradox and investigate the relationship between household income, cognitions, emotions, and satisfaction with life in Lithuania, as various studies, includin g “World Value Survey”, indicate Lithuania is among the countries demonstrating very low scores on happiness of population even though its’ economy grew fast when this country regained its’ independence in 1991. This paper presents some results of the surv ey which was conducted in 2016 (representative sample, n=1001). The analysis of data has demonstrated that when people get low household income per month, they report more intense negative emotions and less positive emotions. Secondly, our results suggest that people getting low household income per month express more negative cognitions and less positive cognition. Thirdly, the results demonstrated strong relationship between cognitio ns, emotions, and satisfaction with life. Moreover, the results contribu te to the empirical literature on “income – happiness” relation by demonstrating that household income has no significant direct effect on satisfaction with life, but there is a significant effect of househ old income on basic cognitions, which have a signi ficant effect on emotions. Subsequently, basic cognitions and emotions have an effect on satisfaction with life. However, “cognitive – emotional impact paradox” needs further exploration. Household income; Subjective wellbeing; Happiness; Lithuania Kiti antraštės duomenys Atsakomybės duomenys Kitos antraštėsAntraštė Antraštės duomenys

AB - Much of the discussion over satisfaction with life has focused on the significance of income. Some researchers argue that cognitive factors (expectations, social comparisons, life evaluations, schemas) is the mediating part between income and subj ective wellbeing, however, positive psychology suggests that happiness determines the effect of social comparison itself. Th is paradox could be titled “cognitive - emotional impact paradox”. We have chosen to explore this paradox and investigate the relationship between household income, cognitions, emotions, and satisfaction with life in Lithuania, as various studies, includin g “World Value Survey”, indicate Lithuania is among the countries demonstrating very low scores on happiness of population even though its’ economy grew fast when this country regained its’ independence in 1991. This paper presents some results of the surv ey which was conducted in 2016 (representative sample, n=1001). The analysis of data has demonstrated that when people get low household income per month, they report more intense negative emotions and less positive emotions. Secondly, our results suggest that people getting low household income per month express more negative cognitions and less positive cognition. Thirdly, the results demonstrated strong relationship between cognitio ns, emotions, and satisfaction with life. Moreover, the results contribu te to the empirical literature on “income – happiness” relation by demonstrating that household income has no significant direct effect on satisfaction with life, but there is a significant effect of househ old income on basic cognitions, which have a signi ficant effect on emotions. Subsequently, basic cognitions and emotions have an effect on satisfaction with life. However, “cognitive – emotional impact paradox” needs further exploration. Household income; Subjective wellbeing; Happiness; Lithuania Kiti antraštės duomenys Atsakomybės duomenys Kitos antraštėsAntraštė Antraštės duomenys

KW - Household income

KW - Subjective wellbeing

KW - Happiness

KW - Lithuania

U2 - 10.9770/jesi.2016.4.2(7)

DO - 10.9770/jesi.2016.4.2(7)

M3 - Article

VL - 4

SP - 198

EP - 210

JO - Entrepreneurship and Sustainability Issues

JF - Entrepreneurship and Sustainability Issues

SN - 2345-0282

IS - 2

ER -