Is Materialism All That Bad? Effects on Satisfaction with Material Life, Life Satisfaction, and Economic Motivation

M. Joseph Sirgy, Eda Gurel-Atay, Dave Webb, Muris Cicic, Melika Husic-Mehmedovic, Ahmet Ekici, Andreas Herrmann, Ibrahim Hegazy, Dongjin Lee, J. S. Johar

Research output: Contribution to journalArticle

24 Citations (Scopus)

Abstract

The literature in economic psychology and quality-of-life studies alludes to a negative relationship between materialism and life satisfaction. In contrast, the macroeconomic literature implies a positive relationship between material consumption and economic growth. That is, materialism may be both good and bad. We develop a model that reconciles these two contrasting viewpoints by asserting that materialism may lead to life dissatisfaction when materialistic people evaluate their standard of living using fantasy-based expectations (e. g., ideal expectations), which increases the likelihood that they would evaluate their standard of living negatively. In turn, dissatisfaction with standard of living increases the likelihood that they would evaluate their life negatively. However, materialistic people who evaluate their standard of living using reality-based expectations (e. g., ability expectations) are likely to feel more economically motivated than their non-materialistic counterparts, and this economic motivation is likely to contribute significantly and positively to life satisfaction. Survey data were collected from seven major cities each in a different country (Australia, Bosnia/Herzegovina, Germany, Egypt, Korea, Turkey, and the USA) using a probability sample (cluster sampling method involving income stratification). The results provide support for the model. The economic public policy implications concerning how people evaluate their standard of living using ability-based expectations are discussed in the context of the ideals of meritocracy.

Original languageEnglish
Pages (from-to)349-366
Number of pages18
JournalSocial Indicators Research
Volume110
Issue number1
DOIs
Publication statusPublished - 2013 Jan 1

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materialism
standard of living
Motivation
Economics
Aptitude
economics
Bosnia and Herzegovina
meritocracy
Sampling Studies
Fantasy
Economic Development
Egypt
ability
Public Policy
Korea
Turkey
macroeconomics
Germany
quality of life
economic growth

All Science Journal Classification (ASJC) codes

  • Developmental and Educational Psychology
  • Arts and Humanities (miscellaneous)
  • Sociology and Political Science
  • Social Sciences(all)

Cite this

Joseph Sirgy, M., Gurel-Atay, E., Webb, D., Cicic, M., Husic-Mehmedovic, M., Ekici, A., ... Johar, J. S. (2013). Is Materialism All That Bad? Effects on Satisfaction with Material Life, Life Satisfaction, and Economic Motivation. Social Indicators Research, 110(1), 349-366. https://doi.org/10.1007/s11205-011-9934-2
Joseph Sirgy, M. ; Gurel-Atay, Eda ; Webb, Dave ; Cicic, Muris ; Husic-Mehmedovic, Melika ; Ekici, Ahmet ; Herrmann, Andreas ; Hegazy, Ibrahim ; Lee, Dongjin ; Johar, J. S. / Is Materialism All That Bad? Effects on Satisfaction with Material Life, Life Satisfaction, and Economic Motivation. In: Social Indicators Research. 2013 ; Vol. 110, No. 1. pp. 349-366.
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Joseph Sirgy, M, Gurel-Atay, E, Webb, D, Cicic, M, Husic-Mehmedovic, M, Ekici, A, Herrmann, A, Hegazy, I, Lee, D & Johar, JS 2013, 'Is Materialism All That Bad? Effects on Satisfaction with Material Life, Life Satisfaction, and Economic Motivation', Social Indicators Research, vol. 110, no. 1, pp. 349-366. https://doi.org/10.1007/s11205-011-9934-2

Is Materialism All That Bad? Effects on Satisfaction with Material Life, Life Satisfaction, and Economic Motivation. / Joseph Sirgy, M.; Gurel-Atay, Eda; Webb, Dave; Cicic, Muris; Husic-Mehmedovic, Melika; Ekici, Ahmet; Herrmann, Andreas; Hegazy, Ibrahim; Lee, Dongjin; Johar, J. S.

In: Social Indicators Research, Vol. 110, No. 1, 01.01.2013, p. 349-366.

Research output: Contribution to journalArticle

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AU - Husic-Mehmedovic, Melika

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AU - Johar, J. S.

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