A Comparative Study on Satisfaction with Current Standard of Living and its Effects on Overall Life Satisfaction: Case of Romania, V4 and EU-15
Purpose: The main aim of the paper is to explore the patterns of differences in overall life satisfaction in Romania and the V4 in comparison to the EU-15. Methodology/Approach: We carried out contingence analysis and linear regression analysis in order to assess the impact of income and satisfact...
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| Format: | Article |
| Language: | English |
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Technical University of Kosice
2018-03-01
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| Series: | Kvalita Inovácia Prosperita |
| Subjects: | |
| Online Access: | https://www.qip-journal.eu/index.php/QIP/article/view/1047 |
| _version_ | 1797745544654749696 |
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| author | Vincent Šoltés Bibiána Nováková Zsuzsanna Katalin Szabo |
| author_facet | Vincent Šoltés Bibiána Nováková Zsuzsanna Katalin Szabo |
| author_sort | Vincent Šoltés |
| collection | DOAJ |
| description |
Purpose: The main aim of the paper is to explore the patterns of differences in overall life satisfaction in Romania and the V4 in comparison to the EU-15.
Methodology/Approach: We carried out contingence analysis and linear regression analysis in order to assess the impact of income and satisfaction with current standard of living on overall life satisfaction.
Findings: The main novelty of our research, which presents a significant contribution to the body of knowledge, is that we found that life satisfaction of citizens increases with income category, but there is a more relevant relationship between subjective life satisfaction and subjective self-reported satisfaction.
Research Limitation/implication: Despite several limitations of our research (data from the third wave of EQOLS, restricted number of determinants of life satisfaction, absence of effects of financial crisis), we can say that material living conditions and satisfaction with current standard of living still play an important role in life satisfaction of the citizens and the well-being of nations.
Originality/Value of paper: The paper focuses on the importance of material living conditions and satisfaction with current standard of living in overall life satisfaction to explore the patterns of differences of life satisfaction in selected countries, and that results are useful for policymakers.
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| first_indexed | 2024-03-12T15:25:51Z |
| format | Article |
| id | doaj.art-82b8d8e0092a4694a486c8ed8d691f58 |
| institution | Directory Open Access Journal |
| issn | 1335-1745 1338-984X |
| language | English |
| last_indexed | 2024-03-12T15:25:51Z |
| publishDate | 2018-03-01 |
| publisher | Technical University of Kosice |
| record_format | Article |
| series | Kvalita Inovácia Prosperita |
| spelling | doaj.art-82b8d8e0092a4694a486c8ed8d691f582023-08-10T13:36:04ZengTechnical University of KosiceKvalita Inovácia Prosperita1335-17451338-984X2018-03-0122110.12776/qip.v1i1.1047A Comparative Study on Satisfaction with Current Standard of Living and its Effects on Overall Life Satisfaction: Case of Romania, V4 and EU-15Vincent Šoltés0Bibiána Nováková1Zsuzsanna Katalin Szabo2Faculty of Economics, Technical University of KošiceFaculty of Economics, Technical University of KosicePetru Maior University of Tirgu Mures Purpose: The main aim of the paper is to explore the patterns of differences in overall life satisfaction in Romania and the V4 in comparison to the EU-15. Methodology/Approach: We carried out contingence analysis and linear regression analysis in order to assess the impact of income and satisfaction with current standard of living on overall life satisfaction. Findings: The main novelty of our research, which presents a significant contribution to the body of knowledge, is that we found that life satisfaction of citizens increases with income category, but there is a more relevant relationship between subjective life satisfaction and subjective self-reported satisfaction. Research Limitation/implication: Despite several limitations of our research (data from the third wave of EQOLS, restricted number of determinants of life satisfaction, absence of effects of financial crisis), we can say that material living conditions and satisfaction with current standard of living still play an important role in life satisfaction of the citizens and the well-being of nations. Originality/Value of paper: The paper focuses on the importance of material living conditions and satisfaction with current standard of living in overall life satisfaction to explore the patterns of differences of life satisfaction in selected countries, and that results are useful for policymakers. https://www.qip-journal.eu/index.php/QIP/article/view/1047satisfactionincomestandard of livingquality of lifeRomaniaVisegrad Group countries |
| spellingShingle | Vincent Šoltés Bibiána Nováková Zsuzsanna Katalin Szabo A Comparative Study on Satisfaction with Current Standard of Living and its Effects on Overall Life Satisfaction: Case of Romania, V4 and EU-15 Kvalita Inovácia Prosperita satisfaction income standard of living quality of life Romania Visegrad Group countries |
| title | A Comparative Study on Satisfaction with Current Standard of Living and its Effects on Overall Life Satisfaction: Case of Romania, V4 and EU-15 |
| title_full | A Comparative Study on Satisfaction with Current Standard of Living and its Effects on Overall Life Satisfaction: Case of Romania, V4 and EU-15 |
| title_fullStr | A Comparative Study on Satisfaction with Current Standard of Living and its Effects on Overall Life Satisfaction: Case of Romania, V4 and EU-15 |
| title_full_unstemmed | A Comparative Study on Satisfaction with Current Standard of Living and its Effects on Overall Life Satisfaction: Case of Romania, V4 and EU-15 |
| title_short | A Comparative Study on Satisfaction with Current Standard of Living and its Effects on Overall Life Satisfaction: Case of Romania, V4 and EU-15 |
| title_sort | comparative study on satisfaction with current standard of living and its effects on overall life satisfaction case of romania v4 and eu 15 |
| topic | satisfaction income standard of living quality of life Romania Visegrad Group countries |
| url | https://www.qip-journal.eu/index.php/QIP/article/view/1047 |
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