Socio-economic stratification of life satisfaction in Ireland during an economic recession: A repeated cross-sectional study using the European Social Survey

Weckroth, Mikko; Kemppainen, Teemu; Dorling, Danny

doi:10.1177/0791603517697326

Cited by 8 publications

(5 citation statements)

References 69 publications

(145 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The findings can be framed within the studies that shows the positive effect of planning on welfare in retirement (Barbosa et al, 2016). These results are important due to the strong relationship among financial welfare, health and life satisfaction (Purnell et al, 2016;Ruberton et al, 2016;Weckroth et al, 2017), because the loss of financial resources is a negative predictor of life satisfaction during retirement (Kendig et al, 2016).…”

Section: Discussionmentioning

confidence: 93%

“…Welfare in the old age is linked to financial resources and health (Purnell et al, 2016;Ruberton et al, 2016;Weckroth et al, 2017), but incomes level (Amorim & França, 2020) or age (Petkoska & Earl, 2009) are not the unique predictors of the quality of planning and saving for retirement. The main difficulty for people is the early financial planning of the monetary resources for their future, because it requires foreseeing future needs when they are still nonexisting, implying a deferral of rewards (Hershfield et al, 2011).…”

Section: Personal Finance Management For Retirement By a Complete Modelmentioning

confidence: 99%

See 1 more Smart Citation

A Model for Personal Financial Planning Towards Retirement

Herrador-Alcaide

Hernández-Solís

Topa

2020

Journal of Business Economics and Management

View full text Add to dashboard Cite

One problem for sustainability of systems pensions is how people without specialized financial training could manage their resources and their actual personal intentions towards retirement. Research objective is to analyse the relationship among several factors that affect the behaviour towards retirement, the financial management practices and the financial resources, by carrying out a structural equation model (SEM) that was tested in Spanish workers sample in three phases. The influence of financial literacy, financial retirement objectives, optimism on retirement, tolerance to financial risk, and the commitment to financial planning at time 1, are analysed as explanatory variables of financial management practices at time 2. Financial resources for retirement at time 3 are explained by financial management practices. According to results, the model can predict the 36% of the variance of financial management practices and 53% of the variance of financial resources for retirement. Thus, the model can be used for checking of knowledge of the personal financial behaviour before retirement, what enables a better personal financial planning. It would be possible to apply a model based on self-assessment in order to implement a complementary financial planning that would allow to maintain the welfare during retirement.

show abstract

Section: Discussionmentioning

confidence: 93%

Section: Personal Finance Management For Retirement By a Complete Modelmentioning

confidence: 99%

A Model for Personal Financial Planning Towards Retirement

Herrador-Alcaide

Hernández-Solís

Topa

2020

Journal of Business Economics and Management

View full text Add to dashboard Cite

show abstract

“…There was a substantial improvement in subjective wellbeing as well as a reduction in inequality and polarisation in virtually all domains of life satisfaction (Madden, 2011 ). By contrast, the diversity widened during the subsequent downturn (Weckroth et al, 2017 ).…”

Section: Background Literature Review and The Case Of New Zealandmentioning

confidence: 99%

The impact of exogenous shocks on national wellbeing. New Zealanders’ reaction to COVID-19

Morrison

Rossouw

Greyling

2021

Applied Research Quality Life

View full text Add to dashboard Cite

In this paper, we explore the response of an aggregate measure of subjective wellbeing to the arrival and passage of the COVID-19 pandemic in a small, geographically separate economy in the South Pacific. Studies of national wellbeing and emotional responses to infection rates during a pandemic have been rare thus far. While several disciplines offer theoretical priors in the case of individuals, far less attention has been paid to the wellbeing and emotional response at a national level. Our paper contributes to the literature by applying a time-series approach to the relationship between wellbeing, emotions and the passage of a pandemic. As such we contribute to a wider literature on macro responses to exogenous shocks. Our analysis involves the use of a wellbeing index and emotional time-series derived from Big Data in the form of tweets originating within New Zealand. The index captures the daily evaluative mood of the country several weeks before the first domestic case of COVID-19 was recorded until several weeks of no new COVID-19 cases. We find distinct reactions to the pandemic: a initial fall in national wellbeing generated by a decrease in the emotions ‘joy’, ‘anticipation’ and ‘trust’. Following a rapid and severe lockdown designed to limit domestic transmission of the virus national wellbeing recovered relatively quickly. Gaining insight into the wellbeing (happiness) reponse to pandemics at the national level is important because the average level of happiness within countries is known to be associated with a range of economic, social, health and political outcomes.

show abstract

“…For example, Mertens and Beblo ( 2016 ) point out that different levels of labour rights protection have triggered considerable differences between European nations. Other documents have focused on studying specific countries, such as Ireland (Weckroth et al, 2017 ). Other authors have centred their attention on countries in the European periphery (Guardiola & Guillen-Royo, 2013 ).…”

Section: Introductionmentioning

confidence: 99%

Subjective Well-Being and Aversion to Macroeconomic Losses: New Evidence

2021

View full text Add to dashboard Cite

This work analyses the existence of asymmetric effects on the subjective well-being of the population of different countries in response to changes in the levels of aggregate income. Microdata from the Eurobarometer and the World Values Survey are used for the period 2000-2019. This period includes several economic changes, among which are the strong expansion at the beginning of the century, the Great Recession, and the subsequent recovery. Our study includes several groups of countries. In the broadest case, the study comprises a group of 83 countries and analyses the issue both from a global perspective as well as focusing particular attention on European countries. These asymmetric effects of economic activity are in line with behavioural economics and previous literature and allow us to determine a macroeconomic aversion to losses. The results obtained support the existence of asymmetric effects of changes in aggregate income on subjective well-being, and show that losses generated in recessions require a far more vigorous recovery if they are to be compensated for, and that they might even have permanent effects.

show abstract

Socio-economic stratification of life satisfaction in Ireland during an economic recession: A repeated cross-sectional study using the European Social Survey

Cited by 8 publications

References 69 publications

A Model for Personal Financial Planning Towards Retirement

A Model for Personal Financial Planning Towards Retirement

The impact of exogenous shocks on national wellbeing. New Zealanders’ reaction to COVID-19

Subjective Well-Being and Aversion to Macroeconomic Losses: New Evidence

Contact Info

Product

Resources

About