Stability of subjective well-being during the economic crisis: A four-wave latent transition analysis in a national sample of Poles
These videos have been matched automatically. Contact us if they are not relevant.
These videos have been matched automatically. Contact us if they are not relevant.
View abstract on PubMed
Summary
This summary is machine-generated.Subjective well-being (SWB) profiles remained stable over eight months despite economic hardships. Financial situation and perceived inflation impact influenced well-being, supporting set-point theory.
Area Of Science
- Psychology
- Sociology
- Economics
Background
- The COVID-19 pandemic and geopolitical events created unprecedented economic hardships.
- Understanding the stability of subjective well-being (SWB) during prolonged crises is crucial.
Purpose Of The Study
- To identify distinct profiles of SWB.
- To examine the stability of these profiles during economic instability.
- To investigate factors influencing SWB profiles.
Main Methods
- Latent profile and transition analyses were used.
- Data from 1755 participants were collected over four waves (Nov 2022–June 2023).
- Measures included SWB scales and personality inventories.
Main Results
- Four stable SWB profiles were identified: ambivalent, average, low, and high.
- These profiles remained consistent over eight months despite economic fluctuations.
- Financial situation and perceived inflation significantly predicted profile membership, independent of personality traits.
Conclusions
- SWB demonstrates remarkable stability even amidst significant economic challenges.
- Individual financial perceptions play a key role in maintaining SWB profiles.
- Findings support the set-point theory of SWB in the context of shared economic adversity.
These videos have been matched automatically. Contact us if they are not relevant.
These videos have been matched automatically. Contact us if they are not relevant.
Related Concept Videos
The transfer function is a fundamental concept representing the ratio of two polynomials. The numerator and denominator encapsulate the system's dynamics. The zeros and poles of this transfer function are critical in determining the system's behavior and stability.
Simple poles are unique roots of the denominator polynomial. Each simple pole corresponds to a distinct solution to the system's characteristic equation, typically resulting in exponential decay terms in the system's...
Subjective well-being (SWB) refers to an individual's self-evaluation of their overall life satisfaction, happiness, and fulfillment. This multifaceted construct is typically assessed by analyzing the balance of positive and negative emotions alongside perceptions of life satisfaction. Personality traits such as neuroticism and extraversion are strongly associated with variations in SWB, offering critical insights into the underlying mechanisms of emotional well-being.
Neuroticism and...
The time response of a linear time-invariant (LTI) system can be divided into transient and steady-state responses. The transient response represents the system's initial reaction to a change in input and diminishes to zero over time. In contrast, the steady-state response is the behavior that persists after the transient effects have faded.
The stability of an LTI system is determined by the roots of its characteristic equation, known as poles. A system is stable if it produces a bounded...
Stress is a multifaceted response to events perceived as challenging or threatening, highlighting physical, emotional, cognitive, and behavioral reactions. Physically, stress can lead to fatigue, sleep disruptions, and various health issues such as frequent colds, chest pains, and nausea. Emotionally, it can manifest as anxiety, depression, irritability, and anger triggered by both minor and major life events. Cognitively, it may result in difficulty in concentration, memory, and...
Regression toward the mean (“RTM”) is a phenomenon in which extremely high or low values—for example, and individual’s blood pressure at a particular moment—appear closer to a group’s average upon remeasuring. Although this statistical peculiarity is the result of random error and chance, it has been problematic across various medical, scientific, financial and psychological applications. In particular, RTM, if not taken into account, can interfere when...
In mechanical engineering, the stability of systems under various forces is critical for designing durable and efficient structures. One fundamental way to explore these concepts is by analyzing systems like two rods connected at a pivot point, O, with a torsional spring of spring constant k at the pivot point. This system is similar in appearance to a scissor jack used to change tires on a car. In this case, the arms of the linkage (equivalent to the rods in this system) are entirely vertical,...