Towards a model of psychological well-being. The role of socioeconomic status and satisfaction with income in Chile

Pablo Vera-Villarroel, Karem Celis-Atenas, Sebastián Lillo, Daniela Contreras, Natalia Díaz-Pardo, Javier Torres, Salvador Vargas, Juan Carlos Oyanedel, Dario Páez

Research output: Contribution to journalArticlepeer-review

6 Citations (Scopus)

Abstract

Association between indexes of socioeconomic status, satisfaction with income and status, and psychological well-being (PWB) was examined in a representative sample of Chileans. Results confirm a positive association between socioeconomic status and satisfaction with income and status and PWB. Associations were stronger with PWB facets related to relational, control and self-esteem processes, and weaker with purpose of life, growth and autonomy. Structural equation modeling confirmed a direct significant coefficient of socioeconomic status on PWB, as well as an indirect significant path through satisfaction with income and status. Control for satisfaction with socioeconomic status and purchase power reduced but did not eliminate the effect of socioeconomic status on PWB. Results are consistent with a direct effect model of socio-structural position on well-being, but also with the relevance of satisfaction with social position as an appraisal process to indicate high psychological well-being.

Original languageEnglish
Pages (from-to)1039-1050
Number of pages12
JournalUniversitas Psychologica
Volume14
Issue number3
DOIs
Publication statusPublished - 2015

Keywords

  • Psychological well-being
  • Satisfaction with income and status

ASJC Scopus subject areas

  • Psychology(all)

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