Week 7: can money buy happiness - literature Flashcards

You may prefer our related Brainscape-certified flashcards:
1
Q

What is the difference between the relative income view and the absolute income view

A

relative income = what can someone actually afford given inflation and so forth
Absolute income = what is someones actual income regardless of prices

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

In which view of income (symbolic or functional) does money have a positive effect on SWB

A

symbolic = money as demonstration of social standing; no positive effect on SWB
Functional = buffer and means to obtain goods, positive effect on swb

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is the status effect of money?

A

More income leads to more aspirations

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What are 3 negative effects of more income and ultimately standing in the way of improving happiness?

A

(1) Status effect
(2) Changes in social referents used for benchmarking
(3) Raising the standards, being less quickly satisfied

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What can be said about the national level relationship between income and subjective well-being?

A

Income predicts subjective well-being but not the other way around

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

When is spent money most likely to maintain its positive effect?

A

when its being spent on need fulfillment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What can be said about the national level relationship between income distribution and SWB? (2)

A

(1) Perceived income inequality leads to lower life satisfaction
(2) greater progressive taxation is related to higher life satisfaction

How well did you know this?
1
Not at all
2
3
4
5
Perfectly