Economic vs. psychological perspective on the impact of individual consumption on well-being Cover Image

Ekonomiczna vs. psychologiczna perspektywa oceny wpływu konsumpcji na dobrobyt indywidualny
Economic vs. psychological perspective on the impact of individual consumption on well-being

Author(s): Elżbieta Babula, Agata Olechnowicz
Subject(s): Economy, Psychology, Welfare services, Economic development
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: consumption; well-being; welfare;

Summary/Abstract: With the increasing interest in the economics of happiness, which questions the relation between the well-being and the level of economic development, there is a need to reconsider the impact of the increase in consumption on well-being. The article examines the relationship between consumption and well-being. The interdisciplinary analysis explored both, the economic and the psychological points of view. The study is based on the literature review and some rough empirical evidence. The analysis leads to the conclusion that, although very valuable, the findings of psychology on pathomechanisms such as highly materialistic attitudes, shopaholism or low levels of self-control, do not constitute the sufficient grounds to challenge the accuracy of the overall positive impact of consumption on the quality of life and well-being in the economic sense.

  • Issue Year: 28/2013
  • Issue No: 03 (2)
  • Page Range: 7-21
  • Page Count: 15
  • Language: Polish