Social Capital, Psychological Needs, and Subjective Well-Being: Evidence from China

Chuanbao You; Ling Li

doi:doi:10.11648/j.ijefm.20221006.21

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Social Capital, Psychological Needs, and Subjective Well-Being: Evidence from China

Chuanbao You, Ling Li

Published in International Journal of Economics, Finance and Management Sciences (Volume 10, Issue 6)

Received: 26 November 2022 Accepted: 10 December 2022 Published: 23 December 2022

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Abstract

Social capital is an important factor affecting consumers' consumption experience, and the research on its internal psychological mechanism is worth further exploration. However, few studies have explored the internal mechanism of influencing consumers' subjective well-being at the intersection of sociology and psychology. Accordingly, this study adopted the method of questionnaire survey（questionnaires were distributed in 5 cities in China）to explore the internal psychological mechanism of consumers' social capital on their subjective well-being, and then verified the research hypothesis models. The study found that, (1) The psychological needs of consumers have a partial intermediary effect between social capital and subjective well-being. Consumers' social capital can not only have a direct impact on subjective well-being, but also have an indirect impact on subjective well-being through psychological needs. (2) The intermediary effect of consumer identity on psychological needs has a lifting effect, which regulates the second half path of the intermediary process. In other words, the impact of psychological needs on subjective well-being increases with the increase of consumer identity, and the impact of consumers' social capital on subjective well-being has a regulatory intermediary effect. These findings showed that the way to promote people's subjective well-being in a consumerist society should strengthen the consumer identity and consumers' psychological needs, so as to improve people's subjective well-being while promoting the generation of consumption behaviors.

Published in	International Journal of Economics, Finance and Management Sciences (Volume 10, Issue 6)
DOI	10.11648/j.ijefm.20221006.21
Page(s)	391-399
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2022. Published by Science Publishing Group

Keywords

Social Capital, Consumption Experience, Consumer Identity, Psychological Needs, Subjective Well-Being

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APA Style

Chuanbao You, Ling Li. (2022). Social Capital, Psychological Needs, and Subjective Well-Being: Evidence from China. International Journal of Economics, Finance and Management Sciences, 10(6), 391-399. https://doi.org/10.11648/j.ijefm.20221006.21

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ACS Style

Chuanbao You; Ling Li. Social Capital, Psychological Needs, and Subjective Well-Being: Evidence from China. Int. J. Econ. Finance Manag. Sci. 2022, 10(6), 391-399. doi: 10.11648/j.ijefm.20221006.21

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AMA Style

Chuanbao You, Ling Li. Social Capital, Psychological Needs, and Subjective Well-Being: Evidence from China. Int J Econ Finance Manag Sci. 2022;10(6):391-399. doi: 10.11648/j.ijefm.20221006.21

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@article{10.11648/j.ijefm.20221006.21,
  author = {Chuanbao You and Ling Li},
  title = {Social Capital, Psychological Needs, and Subjective Well-Being: Evidence from China},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {10},
  number = {6},
  pages = {391-399},
  doi = {10.11648/j.ijefm.20221006.21},
  url = {https://doi.org/10.11648/j.ijefm.20221006.21},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20221006.21},
  abstract = {Social capital is an important factor affecting consumers' consumption experience, and the research on its internal psychological mechanism is worth further exploration. However, few studies have explored the internal mechanism of influencing consumers' subjective well-being at the intersection of sociology and psychology. Accordingly, this study adopted the method of questionnaire survey（questionnaires were distributed in 5 cities in China）to explore the internal psychological mechanism of consumers' social capital on their subjective well-being, and then verified the research hypothesis models. The study found that, (1) The psychological needs of consumers have a partial intermediary effect between social capital and subjective well-being. Consumers' social capital can not only have a direct impact on subjective well-being, but also have an indirect impact on subjective well-being through psychological needs. (2) The intermediary effect of consumer identity on psychological needs has a lifting effect, which regulates the second half path of the intermediary process. In other words, the impact of psychological needs on subjective well-being increases with the increase of consumer identity, and the impact of consumers' social capital on subjective well-being has a regulatory intermediary effect. These findings showed that the way to promote people's subjective well-being in a consumerist society should strengthen the consumer identity and consumers' psychological needs, so as to improve people's subjective well-being while promoting the generation of consumption behaviors.},
 year = {2022}
}

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TY  - JOUR
T1  - Social Capital, Psychological Needs, and Subjective Well-Being: Evidence from China
AU  - Chuanbao You
AU  - Ling Li
Y1  - 2022/12/23
PY  - 2022
N1  - https://doi.org/10.11648/j.ijefm.20221006.21
DO  - 10.11648/j.ijefm.20221006.21
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 391
EP  - 399
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20221006.21
AB  - Social capital is an important factor affecting consumers' consumption experience, and the research on its internal psychological mechanism is worth further exploration. However, few studies have explored the internal mechanism of influencing consumers' subjective well-being at the intersection of sociology and psychology. Accordingly, this study adopted the method of questionnaire survey（questionnaires were distributed in 5 cities in China）to explore the internal psychological mechanism of consumers' social capital on their subjective well-being, and then verified the research hypothesis models. The study found that, (1) The psychological needs of consumers have a partial intermediary effect between social capital and subjective well-being. Consumers' social capital can not only have a direct impact on subjective well-being, but also have an indirect impact on subjective well-being through psychological needs. (2) The intermediary effect of consumer identity on psychological needs has a lifting effect, which regulates the second half path of the intermediary process. In other words, the impact of psychological needs on subjective well-being increases with the increase of consumer identity, and the impact of consumers' social capital on subjective well-being has a regulatory intermediary effect. These findings showed that the way to promote people's subjective well-being in a consumerist society should strengthen the consumer identity and consumers' psychological needs, so as to improve people's subjective well-being while promoting the generation of consumption behaviors.
VL  - 10
IS  - 6
ER  -

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Author Information

Chuanbao You

Press of Nanjing Sport Institute, Nanjing Sport Institute, Nanjing, China
Ling Li

School of Sports and Health Technology, Jilin Sport Institute, Changchun, China

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APA Style

Chuanbao You, Ling Li. (2022). Social Capital, Psychological Needs, and Subjective Well-Being: Evidence from China. International Journal of Economics, Finance and Management Sciences, 10(6), 391-399. https://doi.org/10.11648/j.ijefm.20221006.21

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ACS Style

Chuanbao You; Ling Li. Social Capital, Psychological Needs, and Subjective Well-Being: Evidence from China. Int. J. Econ. Finance Manag. Sci. 2022, 10(6), 391-399. doi: 10.11648/j.ijefm.20221006.21

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AMA Style

Chuanbao You, Ling Li. Social Capital, Psychological Needs, and Subjective Well-Being: Evidence from China. Int J Econ Finance Manag Sci. 2022;10(6):391-399. doi: 10.11648/j.ijefm.20221006.21

Copy | Download

@article{10.11648/j.ijefm.20221006.21,
  author = {Chuanbao You and Ling Li},
  title = {Social Capital, Psychological Needs, and Subjective Well-Being: Evidence from China},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {10},
  number = {6},
  pages = {391-399},
  doi = {10.11648/j.ijefm.20221006.21},
  url = {https://doi.org/10.11648/j.ijefm.20221006.21},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20221006.21},
  abstract = {Social capital is an important factor affecting consumers' consumption experience, and the research on its internal psychological mechanism is worth further exploration. However, few studies have explored the internal mechanism of influencing consumers' subjective well-being at the intersection of sociology and psychology. Accordingly, this study adopted the method of questionnaire survey（questionnaires were distributed in 5 cities in China）to explore the internal psychological mechanism of consumers' social capital on their subjective well-being, and then verified the research hypothesis models. The study found that, (1) The psychological needs of consumers have a partial intermediary effect between social capital and subjective well-being. Consumers' social capital can not only have a direct impact on subjective well-being, but also have an indirect impact on subjective well-being through psychological needs. (2) The intermediary effect of consumer identity on psychological needs has a lifting effect, which regulates the second half path of the intermediary process. In other words, the impact of psychological needs on subjective well-being increases with the increase of consumer identity, and the impact of consumers' social capital on subjective well-being has a regulatory intermediary effect. These findings showed that the way to promote people's subjective well-being in a consumerist society should strengthen the consumer identity and consumers' psychological needs, so as to improve people's subjective well-being while promoting the generation of consumption behaviors.},
 year = {2022}
}

Copy | Download

TY  - JOUR
T1  - Social Capital, Psychological Needs, and Subjective Well-Being: Evidence from China
AU  - Chuanbao You
AU  - Ling Li
Y1  - 2022/12/23
PY  - 2022
N1  - https://doi.org/10.11648/j.ijefm.20221006.21
DO  - 10.11648/j.ijefm.20221006.21
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 391
EP  - 399
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20221006.21
AB  - Social capital is an important factor affecting consumers' consumption experience, and the research on its internal psychological mechanism is worth further exploration. However, few studies have explored the internal mechanism of influencing consumers' subjective well-being at the intersection of sociology and psychology. Accordingly, this study adopted the method of questionnaire survey（questionnaires were distributed in 5 cities in China）to explore the internal psychological mechanism of consumers' social capital on their subjective well-being, and then verified the research hypothesis models. The study found that, (1) The psychological needs of consumers have a partial intermediary effect between social capital and subjective well-being. Consumers' social capital can not only have a direct impact on subjective well-being, but also have an indirect impact on subjective well-being through psychological needs. (2) The intermediary effect of consumer identity on psychological needs has a lifting effect, which regulates the second half path of the intermediary process. In other words, the impact of psychological needs on subjective well-being increases with the increase of consumer identity, and the impact of consumers' social capital on subjective well-being has a regulatory intermediary effect. These findings showed that the way to promote people's subjective well-being in a consumerist society should strengthen the consumer identity and consumers' psychological needs, so as to improve people's subjective well-being while promoting the generation of consumption behaviors.
VL  - 10
IS  - 6
ER  -

Copy | Download