<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></abstract>

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.

Debt and Subjective Well-Being: Does the Type of Debt Matter?

Swiss Centre of Expertise in the Social Sciences (FORS)

Swiss Journal of Sociology

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"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...

Debt and Subjective Well-Being: Does the Type of Debt Matter?

Published Online: Nov 26, 2020

Page range: 445 - 465

DOI: https://doi.org/10.2478/sjs-2020-0022

Keywords
Debt, Over-indebtedness, Well-being, Satisfaction, Financial

© 2020 Tristan Coste et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Debt and Subjective Well-Being: Does the Type of Debt Matter?

Published Online: Nov 26, 2020

Page range: 445 - 465

DOI: https://doi.org/10.2478/sjs-2020-0022

KeywordsDebt, Over-indebtedness, Well-being, Satisfaction, Financial

© 2020 Tristan Coste et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Debt, Over-indebtedness, Well-being, Satisfaction, Financial