Modeling the Impacts of Income on the Subjective Happiness: An Empirical Study

Abstract

The influence of income on the subjective happiness of teachers in Chinese private universities is researched in this paper. First of all, considering the features of the Chinese private university, the measuring model of the subjective happiness of teachers in higher institutions was established. Then, the private university teachers in China were taken as investigation objects to collect data samples. Finally, based on the questionnaire data, the author will verify the measuring model by using the structural equation model. The empirical research results show that the welfare system of the investor has a positive impact on the teacher income, and the income has a notable positive impact on the subjective happiness of teachers through consumption level and housing conditions. Therefore, it has a significant positive influence on the subjective happiness of the teachers in Chinese private colleges. With the higher income, the subjective happiness of the teachers becomes stronger. In addition, the welfare system of the investor will also have a positive influence on the subjective happiness of the teachers through expenditure system, management culture, and enterprise welfare.