Consumption, savings and life satisfaction: the Turkish case

摘要

This paper evaluates the impacts of seven different components of consumption expenditures, saving patterns on subjective well-being in Turkey. It relies on the "Life in Transition Survey," which was conducted in late 2010 jointly by the European Bank for Reconstruction and Development and the World Bank. The survey includes 1,003 observations from Turkey. Results show that, for the whole sample, different components of consumption expenditures have different effects on life satisfaction. Second, savings are associated with high levels of life satisfaction. Results vary when regressions run for age, gender and different standings on the income ladder categories independently.