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Consumption, savings and life satisfaction: the Turkish case

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  • Ozge Gokdemir

Abstract

This paper evaluates the impacts of seven different components of consumption expenditures, saving patterns on subjective well-being in Turkey. It relies on the “Life in Transition Survey,” which was conducted in late 2010 jointly by the European Bank for Reconstruction and Development and the World Bank. The survey includes 1,003 observations from Turkey. Results show that, for the whole sample, different components of consumption expenditures have different effects on life satisfaction. Second, savings are associated with high levels of life satisfaction. Results vary when regressions run for age, gender and different standings on the income ladder categories independently. Copyright Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • Ozge Gokdemir, 2015. "Consumption, savings and life satisfaction: the Turkish case," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 62(2), pages 183-196, June.
    • Handle: RePEc:spr:inrvec:v:62:y:2015:i:2:p:183-196
    DOI: 10.1007/s12232-015-0227-y
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    Cited by:

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    4. Tetsuya Tsurumi & Rintaro Yamaguchi & Kazuki Kagohashi & Shunsuke Managi, 2020. "Attachment to Material Goods and Subjective Well-Being: Evidence from Life Satisfaction in Rural Areas in Vietnam," Sustainability, MDPI, vol. 12(23), pages 1-20, November.
    5. Antonio Moreno-Ortiz & Chantal Pérez-Hernández & María García-Gámez, 2022. "The language of happiness in self-reported descriptions of happy moments: Words, concepts, and entities," Palgrave Communications, Palgrave Macmillan, vol. 9(1), pages 1-13, December.
    6. Haining Wang & Zhiming Cheng & Russell Smyth, 2015. "Does Consuming More Make You Happier? Evidence from Chinese Panel Data," Monash Economics Working Papers 29-15, Monash University, Department of Economics.
    7. repec:zbw:bofitp:urn:nbn:fi:bof-201508181355 is not listed on IDEAS
    8. Tetsuya Tsurumi & Rintaro Yamaguchi & Kazuki Kagohashi & Shunsuke Managi, 2021. "Are Cognitive, Affective, and Eudaimonic Dimensions of Subjective Well-Being Differently Related to Consumption? Evidence from Japan," Journal of Happiness Studies, Springer, vol. 22(6), pages 2499-2522, August.
    9. Haining Wang & Zhiming Cheng & Russell Smyth, 2015. "Does Consuming More Make You Happier? Evidence from Chinese Panel Data," Monash Economics Working Papers 29-15, Monash University, Department of Economics.
    10. Pervin Ahu Cerci & Devrim Dumludag, 2019. "Life Satisfaction and Job Satisfaction among University Faculty: The Impact of Working Conditions, Academic Performance and Relative Income," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 144(2), pages 785-806, July.
    11. Ruut Veenhoven & Felicia Chiperi & Xin Kang & Martijn Burger, 2021. "Happiness and Consumption: A Research Synthesis Using an Online Finding Archive* â€," SAGE Open, , vol. 11(1), pages 21582440209, March.
    12. Chenhong Peng & Yik-Wa Law, 2023. "How Do Consumption Patterns Influence the Discrepancy Between Economic and Subjective Poverty?," Journal of Happiness Studies, Springer, vol. 24(4), pages 1579-1604, April.
    13. Choung, Youngjoo & Pak, Tae-Young & Chatterjee, Swarn, 2021. "Consumption and Life Satisfaction: The Korean Evidence," MPRA Paper 115765, University Library of Munich, Germany.
    14. Qian Li & Xiaoguang Huang & Hanwen Zhang, 2023. "Exploring the Effects of Consumption Expenditures on Life Satisfaction in China," Journal of Happiness Studies, Springer, vol. 24(6), pages 1963-1990, August.
    15. Fengyu Wu, 2020. "An Examination of the Effects of Consumption Expenditures on Life Satisfaction in Australia," Journal of Happiness Studies, Springer, vol. 21(8), pages 2735-2771, December.
    16. repec:zbw:bofitp:2015_021 is not listed on IDEAS
    17. Yi-Bin Chiu & Zhen Wang & Xu Ye, 2023. "Household gift-giving consumption and subjective well-being: evidence from rural China," Review of Economics of the Household, Springer, vol. 21(4), pages 1453-1472, December.

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    More about this item

    Keywords

    Life satisfaction; Turkey; Consumption; Savings; I31; E21; D6;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • D6 - Microeconomics - - Welfare Economics

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