%0 Journal Article 
%T Poor and distressed, but happy : situational and cultural moderators of the relationship between wealth and happiness
%J Estudios Gerenciales; Vol. 29 No. 126  Enero/Marzo 2013
%D 2013
%@ 01235923
%U http://www.icesi.edu.co/revistas/index.php/estudios_gerenciales/article/view/1592
%X 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.
%K Facultad de Ciencias Administrativas y Económicas
%K Producción intelectual registrada - Universidad Icesi
%K Economía
%K Pobreza
%K Riqueza
%K Felicidad
%K Wealth
%K Poverty
%K Happiness
%K Adversity
%K Negocios y management
%K Economics
%K Business
%~ GOEDOC, SUB GOETTINGEN