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http://dx.doi.org/10.7856/kjcls.2015.26.1.177

Effects of Economic Factors on Happiness: Moderating Effects of Financial Management  

Park, Jooyung (Dept. of Consumer's life Information, Chungnam National University)
Song, Kyechung (School of Business, Chungnam National University)
Oh, Segu (School of Business, Chungnam National University)
Publication Information
The Korean Journal of Community Living Science / v.26, no.1, 2015 , pp. 177-189 More about this Journal
Abstract
This study investigates the effects of economic factors on happiness in terms of life satisfaction, one of the most important goals in human life, and examines the moderating role of financial management in the effect of financial stress. Data were collected total 341 individuals in Daejeon, Korea(235 college students and 105 women). The factors influencing life satisfaction were analyzed multiple regression analysis. Effects of moderating variables were tested hierarchical regression analysis. Subjective financial stress was related to both individualistic happiness and collectivistic happiness, whereas objective financial stress had a negative effect only on collectivistic happiness. Financial management (specifically control of expenditure behaviors) had positive effects on both individualistic happiness and collectivistic happiness. Financial management moderated the relationship between financial stress and happiness. The results have important implications.
Keywords
happiness; financial stress; financial management behavior; moderating effect;
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Times Cited By KSCI : 2  (Citation Analysis)
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