Naslov
Is Materialism All That Bad? Effects on Satisfaction with Material Life, Life Satisfaction, and Economic Motivation

Autori
Sirgy, Joseph M. ; Gurel-Atay, Eda ; Webb, Dave ; Čičić, Muris ; Husić-Mehnedović, Melika ; Ekici, Ahmet ; Herrmann, Andreas ; Hegazy, Ibrahim ; Lee, Dong-Jin ; Johar, J.S.

Izvornik
Social indicators research (0303-8300) 110 (2013), 1; 349-366

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
materialism; evaluation of standard of living; satisfaction with material life; economic motivation; life satisfaction; quality of life; meritocracy

Sažetak
The literature in economic psychology and quality- of-life studies alludes to a negative relationship between materialism and life satisfaction. In contrast, the macroeconomic literature implies a positive relationship between material consumption and economic growth. That is, materialism may be both good and bad. We develop a model that reconciles these two contrasting viewpoints by asserting that materialism may lead to life dissatisfaction when materialistic people evaluate their standard of living using fantasy-based expectations (e.g., ideal expectations), which increases the likelihood that they would evaluate their standard of living negatively. In turn, dissatisfaction with standard of living increases the likelihood that they would evaluate their life negatively. However, materialistic people who evaluate their standard of living using reality- based expectations (e.g., ability expectations) are likely to feel more economically motivated than their nonmaterialistic counterparts, and this economic motivation is likely to contribute significantly and positively to life satisfaction. Survey data were collected from seven major cities each in a different country (Australia, Bosnia/Herzegovina, Germany, Egypt, Korea, Turkey, and the USA) using a probability sample (cluster sampling method involving income stratification). The results provide support for the model. The economic public policy implications concerning how people evaluate their standard of living using ability-based expectations are discussed in the context of the ideals of meritocracy.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA