Many scholars have studied the effects of economic conditions on subjective well-being, but scarce attention has been paid to the effect of cultural and social determinants on qual- ity of life. This study aims to analyse the effect of social cohesion considered as a charac- teristic of a country on subjective quality of life. In addition, we also tested the moderating effect of social cohesion on the relationship between income and placement in society with quality of life. To test our hypotheses we estimated a multilevel regression model. First, we estimated the null model, which showed that almost a quarter of the variance in quality of life is located at country level. Second, we included in the model all the level-1 predic- tors. This model highlighted that self-evaluated position on the social ladder has a larger positive effect than income on quality of life. In the third step, we added country-level predictors. Controlling for other macro factors—GDP, Life Expectancy, Gini coefficient and Homicide rate—and individual-level variables, we shows that Cohesion exerts a posi- tive effect on subjective quality of life. The model also points out that country’s economic conditions (measured by GDP) do not affect quality of life when we control this relation- ship for social cohesion. Interestingly, also the within-country economic disparities (meas- ured by Gini coefficient) do not seem to affect quality of life when cohesion is taken into account. Finally, we also shows that the positive effect of income on quality of life is mod- erated by cohesion. In other words, income is a relatively less important factor in determin- ing quality of life in countries with higher levels of cohesion. In the same way, individuals’ position and perception of their placement on the social ladder affects in a lesser extent their quality of life in those countries that have higher degrees of cohesion
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