Effects of Socioeconomic Status and Social Support on Well-being

Xiaoyuan Chu, Yuan Li, Zhenyu Li, Jing Han

Abstract


Based on the theoretical analysis, with first-hand data collection and using multiple regression models, this study explored the relationship between social support, socioeconomic status and well-being. We draw on the following conclusions: (1) Family support and general support of others have positive influences on general well-being. And these influences largely remain constant for the sampled subjects regardless of their socioeconomic status. (2) One dimension of socioeconomic status (family annual income) has a positive influence on general well-being. But in consideration of the social support and interaction terms of socioeconomic status and social support, this influence is no longer significant.


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DOI: https://doi.org/10.11114/aef.v2i3.995

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Applied Economics and Finance    ISSN 2332-7294 (Print)   ISSN 2332-7308 (Online)

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