Income and Quality of Life: Does the Love of Money Make a Difference?

Journal of Business Ethics · 2007 · Volume 72 · Issue 4

Abstract

This paper examines a model of income and quality of life that controls the love of money, job satisfaction, gender, and marital status and treats employment status (full-time versus part-time), income level, and gender as moderators. For the whole sample, income was not significantly related to quality of life when this path was examined alone. When all variables were controlled, income was negatively related to quality of life. When (1) the love of money wasnegativelycorrelated to job satisfaction and (2) job satisfaction was positively related to both income and quality of life, income was negatively related to quality of life for full-time, high-income, and male employees. When these two conditions failed to exist, income was not related to quality of life for part-time, median- or low-income, and female employees. This model provides new insights regarding the impact of the love of money and job satisfaction on the income–quality of life relationship.

Keywords

income, quality of life, the love of money, job satisfaction, employment status, income level, gender, marital status

Enable JavaScript for citation tools and additional paper interactions.