Income, Consumption, and Subjective Well-Being: Toward a Composite Macromarketing Model
dc.contributor.author | Ahuvia, Aaron C. | en_US |
dc.contributor.author | Friedman, Douglas C. | en_US |
dc.date.accessioned | 2010-04-14T14:13:15Z | |
dc.date.available | 2010-04-14T14:13:15Z | |
dc.date.issued | 1998 | en_US |
dc.identifier.citation | Ahuvia, Aaron; Friedman, Douglas (1998). "Income, Consumption, and Subjective Well-Being: Toward a Composite Macromarketing Model." Journal of Macromarketing 18(2): 153-168. <http://hdl.handle.net/2027.42/69015> | en_US |
dc.identifier.issn | 0276-1467 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/69015 | |
dc.description.abstract | This article reviews, critiques, and integrates three psychological perspectives on the relationship between wealth and subjective well-being. First, the comparative perspective holds that life satisfaction results from a comparison of one's own financial position to that of some reference group or material norm. Second, the goal attainment perspective looks at money as a potential source of well-being by enabling people to attain goals they set. Finally, the hedonic perspective looks at how money leads to well-being by enabling people to use their time in more satisfying ways. In addition to providing a critical analysis, this article integrates these three perspectives into a single composite model. This model explains the mechanisms linking income and other material resources with the cognitive and affective elements of subjective well-being. The model also clarifies why income has only a modest relationship to subjective well-being. | en_US |
dc.format.extent | 3108 bytes | |
dc.format.extent | 3369245 bytes | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | application/pdf | |
dc.publisher | Sage Publications | en_US |
dc.title | Income, Consumption, and Subjective Well-Being: Toward a Composite Macromarketing Model | en_US |
dc.type | Article | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.peerreviewed | Peer Reviewed | en_US |
dc.contributor.affiliationum | University of Michigan Business School | en_US |
dc.contributor.affiliationum | University of Michigan Business School and University of Michigan-Dearbom School of Management | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/69015/2/10.1177_027614679801800207.pdf | |
dc.identifier.doi | 10.1177/027614679801800207 | en_US |
dc.identifier.source | Journal of Macromarketing | en_US |
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