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Effects of Socioeconomic Status and Social Support on Well-being

Author

Listed:
  • Xiaoyuan Chu
  • Yuan Li
  • Zhenyu Li
  • Jing Han

Abstract

Based on the theoretical analysis, with first-hand data collection and using multiple regression models, this study explored the relationship between social support, socioeconomic status and well-being. We draw on the following conclusions: (1) Family support and general support of others have positive influences on general well-being. And these influences largely remain constant for the sampled subjects regardless of their socioeconomic status. (2) One dimension of socioeconomic status (family annual income) has a positive influence on general well-being. But in consideration of the social support and interaction terms of socioeconomic status and social support, this influence is no longer significant.

Suggested Citation

  • Xiaoyuan Chu & Yuan Li & Zhenyu Li & Jing Han, 2015. "Effects of Socioeconomic Status and Social Support on Well-being," Applied Economics and Finance, Redfame publishing, vol. 2(3), pages 155-161, August.
    • Handle: RePEc:rfa:aefjnl:v:2:y:2015:i:3:p:155-161
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    Cited by:

    1. Weimann Joachim, 2015. "Die Rolle von Verhaltensökonomik und experimenteller Forschung in Wirtschaftswissenschaft und Politikberatung," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 16(3), pages 231-252, October.

    More about this item

    Keywords

    Social Support; Socioeconomic Status; Well-being;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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