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Published in:
2021 | OriginalPaper | Chapter
Relationship Between Emotional Intelligence and Subjective Economic Well-Being
Authors : E. A. Sergienko, E. A. Khlevnaya, T. S. Kiseleva, E. I. Osipenko, A. A. Nikitina
Published in: Proceedings of the 4th International Conference on Economic Management and Green Development
Publisher: Springer Singapore
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Abstract
The objective of this study was to investigate the relationship between ability emotional intelligence (EI) and subjective economic well-being (SEW). It was hypothesized that ability EI positively correlates with SEW. EI was measured with the Russian-language Emotional Intelligence Test (EIT), which is conceptually based on MSCEIT. SEW was measured with the Subjective Economic Well-being Questionnaire. The sample consisted of 243 Russian working adults (61 men, 182 women, mean age = 36.1, aged between 18 and 67 years). The results indicated that higher levels of emotional intelligence statistically significantly correlated with higher levels of subjective economic well-being. In particular, the ability to use emotions for problem solving, the ability to manage emotions, and the experiential domain of EI were key emotional intelligence factors associated with SEW. This finding indicates the importance of the effect of EI on people’s subjective economic well-being for their overall well-being.