Research Article

Relative Income and Wellbeing in Canada

Volume: 24 Number: 1 January 29, 2025
TR EN

Relative Income and Wellbeing in Canada

Abstract

This study examines the impact of relative income on wellbeing in Canada, drawing on data from the seventh round of the World Values Survey. The analysis distinguishes between emerging adults (ages 18-25) and mature adults (ages 26-45), evaluating the effects of relative income while controlling for various demographic, socioeconomic, and subjective factors. The covariates include age, low/middle education, and marital status, number of children, employment status, immigrant status, rural residence, religiosity, physical health, financial troubles, scepticism, and happiness levels. The findings indicate that relative income significantly influences wellbeing for both males and females, even after accounting for these factors. Gender-specific differentiations are seen, particularly in the influence of education, marital status, and employment. The interaction analysis shows that the effect of relative income on wellbeing is consistent across different age cohorts. These results highlight the importance of relative income as a key determinant of wellbeing and suggest that policies aimed at reducing income inequality could enhance overall life satisfaction across diverse demographic groups.

Keywords

References

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Details

Primary Language

English

Subjects

Developmental Economy - Micro, Welfare Economics, Microeconomics (Other)

Journal Section

Research Article

Publication Date

January 29, 2025

Submission Date

June 27, 2024

Acceptance Date

January 21, 2025

Published in Issue

Year 2025 Volume: 24 Number: 1

APA
Özer, M. (2025). Relative Income and Wellbeing in Canada. Elektronik Sosyal Bilimler Dergisi, 24(1), 475-490. https://doi.org/10.17755/esosder.1506067
AMA
1.Özer M. Relative Income and Wellbeing in Canada. esosder. 2025;24(1):475-490. doi:10.17755/esosder.1506067
Chicago
Özer, Mustafa. 2025. “Relative Income and Wellbeing in Canada”. Elektronik Sosyal Bilimler Dergisi 24 (1): 475-90. https://doi.org/10.17755/esosder.1506067.
EndNote
Özer M (January 1, 2025) Relative Income and Wellbeing in Canada. Elektronik Sosyal Bilimler Dergisi 24 1 475–490.
IEEE
[1]M. Özer, “Relative Income and Wellbeing in Canada”, esosder, vol. 24, no. 1, pp. 475–490, Jan. 2025, doi: 10.17755/esosder.1506067.
ISNAD
Özer, Mustafa. “Relative Income and Wellbeing in Canada”. Elektronik Sosyal Bilimler Dergisi 24/1 (January 1, 2025): 475-490. https://doi.org/10.17755/esosder.1506067.
JAMA
1.Özer M. Relative Income and Wellbeing in Canada. esosder. 2025;24:475–490.
MLA
Özer, Mustafa. “Relative Income and Wellbeing in Canada”. Elektronik Sosyal Bilimler Dergisi, vol. 24, no. 1, Jan. 2025, pp. 475-90, doi:10.17755/esosder.1506067.
Vancouver
1.Mustafa Özer. Relative Income and Wellbeing in Canada. esosder. 2025 Jan. 1;24(1):475-90. doi:10.17755/esosder.1506067