The relationship between income and subjective well-being: the case of Spain

Authors

  • Ana Cárcaba University of Oviedo, Spain
  • Eduardo González University of Oviedo

DOI:

https://doi.org/10.17811/ebl.13.4.2024.203-212

Keywords:

Subjective well-being, Life satisfaction, Quality of life, Spain

Abstract

This paper examines the evolution of individual subjective well-being (SWB) in Spain from 2013 to 2022, with special focus on its relationship with income. Of the many driving forces of SWB identified in the literature, income is one of the most controversial. We use a large sample of individuals to analyze how income and SWB interacted during the post-2008 crisis period. As expected, our findings show that income is positively related to SWB, but at a decreasing rate. The time interaction with income reveals that the effect of income has also diminished over time. Therefore, as material conditions have improved in Spain during the period under analysis, the relevance of income in determining SWB has not.

Author Biography

Ana Cárcaba, University of Oviedo, Spain

Associate Professor of Accounting Citations at google scholar (as of October 2013): 129 Selected journal articles - González, E., Cárcaba, A. and Ventura, J. (2011): "Quality of life ranking of Spanish municipalities", Revista de Economía Aplicada, 56. - González, E.; A. Cárcaba, J. Ventura and J. García-García (2011): "Measuring Quality of Life in Spanish Municipalities", Local Government Studies, 37(2), 171-197. - Cárcaba, A. and J. García-García (2010): "Determinants of Online Reporting of Accounting Information by Spanish Local Government Authorities", Local Government Studies, 36(5), 679-695. - Cárcaba, A. and J. García-García (2008): "Determinantes de la divulgación de información contable a través de Internet por parte de los gobiernos locales", Revista Española de Financiación y Contabilidad, 137, 63-84.

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Published

26-11-2024

How to Cite

Cárcaba, A., & González, E. (2024). The relationship between income and subjective well-being: the case of Spain. Economics and Business Letters, 13(4), 203–212. https://doi.org/10.17811/ebl.13.4.2024.203-212

Issue

Vol. 13 No. 4 (2024): December

Section

Articles

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