Poor and distressed, but happy: situational and cultural moderators of the relationship between wealth and happiness

  • Silvio Borrero Directora Editorial Revista Estudios Gerenciales, Universidad Icesi
  • Ana Bolena Escobar Directora de Economía y Negocios Internacionales, Universidad Icesi, Colombia.
  • Aura María Cortés Estudiante de Economía y Negocios Internacionales, Universidad Icesi, Colombia.
  • Luis Carlos Maya Estudiante de Administración de Empresas, Universidad Icesi, Colombia.

Resumen

Evidence on the relationship between wealth and happiness is mixed, hinting that there are situational or individual factors that account for the variability in results. This paper contends that wealth is in fact related to happiness. More specifically, it is proposed that poverty—as well as other adverse situations—has an undermining effect on happiness, and that this effect is attenuated by a collectivist orientation. Analyses of variance (ANOVAs) using data on happiness, wealth and culture from 197 countries, supplemented by a meta-analysis of empirical studies that explore the relationship between wealth and perceptions of happiness, support the hypothesized relationship between adversity and happiness, and the moderating effect that collectivism has on such relationship.

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Biografía del autor/a

Silvio Borrero, Directora Editorial Revista Estudios Gerenciales, Universidad Icesi
Ana Bolena Escobar, Directora de Economía y Negocios Internacionales, Universidad Icesi, Colombia.
Aura María Cortés, Estudiante de Economía y Negocios Internacionales, Universidad Icesi, Colombia.
Luis Carlos Maya, Estudiante de Administración de Empresas, Universidad Icesi, Colombia.

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Publicado
2013-02-11
Cómo citar
Borrero, S., Escobar, A. B., Cortés, A. M., & Maya, L. C. (2013). Poor and distressed, but happy: situational and cultural moderators of the relationship between wealth and happiness. Estudios Gerenciales, 29(126), 2-11. https://doi.org/10.1016/S0123-5923(13)70014-7
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Artículo de investigación