Debt and Subjective Well-Being: Does the Type of Debt Matter?
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...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | deu |
| Published: |
Seismo Verlag
2020-11-01
|
| Series: | Swiss Journal of Sociology |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/sjs-2020-0022 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850264701846421504 |
|---|---|
| author | Coste Tristan Henchoz Caroline Wernli Boris |
| author_facet | Coste Tristan Henchoz Caroline Wernli Boris |
| author_sort | Coste Tristan |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-8f50797dc86a4458a04c78eb7294514d |
| institution | OA Journals |
| issn | 2297-8348 |
| language | deu |
| publishDate | 2020-11-01 |
| publisher | Seismo Verlag |
| record_format | Article |
| series | Swiss Journal of Sociology |
| spelling | doaj-art-8f50797dc86a4458a04c78eb7294514d2025-08-20T01:54:38ZdeuSeismo VerlagSwiss Journal of Sociology2297-83482020-11-0146344546510.2478/sjs-2020-0022sjs-2020-0022Debt and Subjective Well-Being: Does the Type of Debt Matter?Coste Tristan0Henchoz Caroline1Wernli Boris2HES-SO Valais / Wallis, Haute école de travail social, CH-3960 Sierre et Université de Fribourg, Département des Sciences sociales, CH-1700FribourgHES-SO Valais / Wallis, Haute école de travail social, CH-3960Sierre et Université de Fribourg, Département des Sciences sociales, CH-1700FribourgUniversity of Lausanne, Swiss Centre of Expertise in the Social Sciences (FORS), CH-1015LausanneBased 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.https://doi.org/10.2478/sjs-2020-0022debtover-indebtednesswell-beingsatisfactionfinancial |
| spellingShingle | Coste Tristan Henchoz Caroline Wernli Boris Debt and Subjective Well-Being: Does the Type of Debt Matter? Swiss Journal of Sociology debt over-indebtedness well-being satisfaction financial |
| title | Debt and Subjective Well-Being: Does the Type of Debt Matter? |
| title_full | Debt and Subjective Well-Being: Does the Type of Debt Matter? |
| title_fullStr | Debt and Subjective Well-Being: Does the Type of Debt Matter? |
| title_full_unstemmed | Debt and Subjective Well-Being: Does the Type of Debt Matter? |
| title_short | Debt and Subjective Well-Being: Does the Type of Debt Matter? |
| title_sort | debt and subjective well being does the type of debt matter |
| topic | debt over-indebtedness well-being satisfaction financial |
| url | https://doi.org/10.2478/sjs-2020-0022 |
| work_keys_str_mv | AT costetristan debtandsubjectivewellbeingdoesthetypeofdebtmatter AT henchozcaroline debtandsubjectivewellbeingdoesthetypeofdebtmatter AT wernliboris debtandsubjectivewellbeingdoesthetypeofdebtmatter |