Publication type
Journal Article
Authors
Publication date
June 1, 2015
Summary:
Previous research shows that the correlation between income and life satisfaction is small to medium in size. We hypothesized that income may mean different things to people at different ages and, therefore, that the association between income and life satisfaction may vary at different points in the life course. We tested this hypothesis in 3 nationally representative panel studies. Multilevel modeling techniques were used to test whether age moderated both the within- and between-person associations. Consistent with past research, we found that individuals who earned more on average and individuals who earned more over time reported higher levels of life satisfaction. Importantly, these effects were strongest for midlife individuals (those in their 30s–50s) as compared with individuals who were younger or older. (PsycINFO Database Record (c) 2015 APA, all rights reserved).
Published in
Psychology and Aging
Volume and page numbers
Volume: 30 , p.120 -135
DOI
http://dx.doi.org/10.1037/a0038682
ISSN
8827974
Subjects
Notes
Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*
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