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Beyond Income: The Importance for Life Satisfaction of Having Access to a Cash Margin
Stockholm University, Faculty of Social Sciences, The Swedish Institute for Social Research (SOFI).
Stockholm University, Faculty of Social Sciences, The Swedish Institute for Social Research (SOFI).
2015 (English)In: Journal of Happiness Studies, ISSN 1389-4978, E-ISSN 1573-7780, Vol. 16, no 6, 1557-1573 p.Article in journal (Refereed) Published
Abstract [en]

We study how life satisfaction among adult Swedes is influenced by having access to a cash margin, i.e. a moderate amount of money that could be acquired on short notice either through own savings, by loan from family or friends, or by other means. We find that cash margin is a strong and robust predictor of life satisfaction, also when controlling for individual fixed-effects and socio-economic conditions, including income. Since it shows not to matter whether cash margin comes from own savings or with help from family members, this measure captures something beyond wealth.

Place, publisher, year, edition, pages
2015. Vol. 16, no 6, 1557-1573 p.
Keyword [en]
Life satisfaction, Income, Cash margin, Subjective well-being, Living conditions
National Category
Economics
Identifiers
URN: urn:nbn:se:su:diva-123745DOI: 10.1007/s10902-014-9575-7ISI: 000365207400012OAI: oai:DiVA.org:su-123745DiVA: diva2:876561
Available from: 2015-12-04 Created: 2015-12-04 Last updated: 2016-01-04Bibliographically approved

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Berlin, MartinKaunitz, Niklas
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