Debt and Subjective Well-Being: Does the Type of Debt Matter?-Reference-Cited by-同舟云学术

Debt and Subjective Well-Being: Does the Type of Debt Matter?

Published:2020-11-01 Issue:3 Volume:46 Page:445-465
ISSN:2297-8348
Container-title:Swiss Journal of Sociology
language:en
Short-container-title:

Author:

Coste Tristan¹,Henchoz Caroline¹,Wernli Boris²

Affiliation:

1. HES-SO Valais / Wallis, Haute école de travail social , CH-3960 Sierre et Université de Fribourg , Département des Sciences sociales , CH-1700 Fribourg

2. University of Lausanne , Swiss Centre of Expertise in the Social Sciences (FORS) , CH-1015 Lausanne

Abstract

Abstract Based on longitudinal analyses of data from the Swiss Household Panel, this paper investigates the effect of different types of debt on two evaluative measures of subjective well-being: financial satisfaction and life satisfaction. Payment arrears reduce financial satisfaction more than loans or the accumulation of different types of debt (arrears and loans). This negative effect is stable over time. Conversely, each additional year with arrears decreases life satisfaction, confirming the overall and general negative effect of arrears on all domains of daily life, especially for the elderly.

Publisher

Walter de Gruyter GmbH

Link

https://www.sciendo.com/pdf/10.2478/sjs-2020-0022

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