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dc.contributor.authorJoseph Sirgy, M.en_US
dc.contributor.authorGurel-Atay, E.en_US
dc.contributor.authorWebb, D.en_US
dc.contributor.authorCicic, M.en_US
dc.contributor.authorHusic-Mehmedovic, M.en_US
dc.contributor.authorEkici, A.en_US
dc.contributor.authorHerrmann, A.en_US
dc.contributor.authorHegazy I.en_US
dc.contributor.authorLee, D.-J.en_US
dc.contributor.authorJohar J.S.en_US
dc.date.accessioned2016-02-08T09:42:06Z
dc.date.available2016-02-08T09:42:06Z
dc.date.issued2013en_US
dc.identifier.issn0303-8300
dc.identifier.urihttp://hdl.handle.net/11693/21157
dc.description.abstractThe literature in economic psychology and quality-of-life studies alludes to a negative relationship between materialism and life satisfaction. In contrast, the macroeconomic literature implies a positive relationship between material consumption and economic growth. That is, materialism may be both good and bad. We develop a model that reconciles these two contrasting viewpoints by asserting that materialism may lead to life dissatisfaction when materialistic people evaluate their standard of living using fantasy-based expectations (e. g., ideal expectations), which increases the likelihood that they would evaluate their standard of living negatively. In turn, dissatisfaction with standard of living increases the likelihood that they would evaluate their life negatively. However, materialistic people who evaluate their standard of living using reality-based expectations (e. g., ability expectations) are likely to feel more economically motivated than their non-materialistic counterparts, and this economic motivation is likely to contribute significantly and positively to life satisfaction. Survey data were collected from seven major cities each in a different country (Australia, Bosnia/Herzegovina, Germany, Egypt, Korea, Turkey, and the USA) using a probability sample (cluster sampling method involving income stratification). The results provide support for the model. The economic public policy implications concerning how people evaluate their standard of living using ability-based expectations are discussed in the context of the ideals of meritocracy. © 2011 Springer Science+Business Media B.V.en_US
dc.language.isoEnglishen_US
dc.source.titleSocial Indicators Researchen_US
dc.relation.isversionofhttp://dx.doi.org/10.1007/s11205-011-9934-2en_US
dc.subjectEconomic motivationen_US
dc.subjectEvaluation of standard of livingen_US
dc.subjectLife satisfactionen_US
dc.subjectMaterialismen_US
dc.subjectMeritocracyen_US
dc.subjectQuality of lifeen_US
dc.subjectSatisfaction with material lifeen_US
dc.subjecteconomic growthen_US
dc.subjecteconomic policyen_US
dc.subjectliving standarden_US
dc.subjectmacroeconomicsen_US
dc.subjectpsychologyen_US
dc.subjectquality of lifeen_US
dc.subjectsocioeconomic indicatoren_US
dc.titleIs Materialism All That Bad? Effects on Satisfaction with Material Life, Life Satisfaction, and Economic Motivationen_US
dc.typeArticleen_US
dc.departmentFaculty of Business Administrationen_US
dc.citation.spage349en_US
dc.citation.epage366en_US
dc.citation.volumeNumber110en_US
dc.citation.issueNumber1en_US
dc.identifier.doi10.1007/s11205-011-9934-2en_US


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