Increasing levels of financial inequality prompt questions about the relationship between income and well-being. Using a twins sample from the Survey of Midlife Development in the U. S. and controlling for personality as core self-evaluations (CSE), we found that men, but not women, had higher subjective financial well-being (SFWB) when they had higher incomes. This relationship was due to ‘unshared environmental’ factors rather than genes, suggesting that the effect of income on SFWB is driven by unique experiences among men.
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- Zyphur, Michael J. (Author)
- Li, Wen-Dong (Author)
- Zhang, Zhen (Contributor)
- Arvey, Richard D. (Author)
- Barsky, Adam P. (Author)
- W.P. Carey School of Business (Contributor)
- 2015-09-29
- Digital object identifier: 10.3389/fpsyg.2015.01493
- Identifier TypeInternational standard serial numberIdentifier Value1664-1078
- View the article as published at http://journal.frontiersin.org/article/10.3389/fpsyg.2015.01493/full, opens in a new window
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Zyphur, M. J., Li, W., Zhang, Z., Arvey, R. D., & Barsky, A. P. (2015). Income, personality, and subjective financial well-being: the role of gender in their genetic and environmental relationships. Frontiers in Psychology, 6. doi:10.3389/fpsyg.2015.01493