Money, Emotions, and Ethics Across Individuals and Countries

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalNot applicablepeer-review

10 Scopus Citations
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Detail(s)

Original languageEnglish
Pages (from-to)163-176
Journal / PublicationJournal of Business Ethics
Volume125
Issue number1
Early online date5 Oct 2013
Publication statusPublished - Nov 2014

Abstract

This article presents two separate but closely related studies. We used a first sample to investigate the relationships among individuals’ reports of their income and their subjective well-being, and their approval of unethical behavior in 27 countries and a second sample to investigate the relationship between corruption in 55 countries and their populace’s aggregated feelings of subjective well-being (happiness). Analysis of data from 27,762 working professionals showed that, although reported feelings of subjective well-being were negatively related to their approval of unethical behaviors, income was positively related to their approval of unethical behaviors. In addition, the effects for feelings of subjective well-being were particularly strong for high-income people. Analyses also showed that, after controlling for economic development and other country-level factors, corruption was negatively related to a country’s feelings of happiness. These findings suggest that feelings of subjective well-being may lead to more ethical, less corrupt behavior and that the tolerance of unethical, corrupt behavior may lead to less collective happiness and subjective well-being.

Research Area(s)

  • Corruption, Culture, Emotions, Ethics, Income, Subjective well-being

Citation Format(s)

Money, Emotions, and Ethics Across Individuals and Countries. / Wang, Long; Murnighan, J. Keith.

In: Journal of Business Ethics, Vol. 125, No. 1, 11.2014, p. 163-176.

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalNot applicablepeer-review