Abstract
Despite extensive research on upward mobility, the psychological consequences of perceived downward mobility remain understudied. Across two cross-sectional and two experimental studies (N = 2,819), conducted in high-income, post-industrial economies, we investigated the effects of perceived upward and downward mobility on status anxiety and well-being. Across designs, downward mobility beliefs consistently increased status anxiety, which in turn mediated harmful effects on life satisfaction and related well-being outcomes. Upward mobility beliefs reduced status anxiety and produced a positive indirect effect on life satisfaction only in an experimental study with U.S. participants, but it yielded inconsistent effects across the remaining three studies. Our findings suggest that both upward and downward beliefs influence well-being through status anxiety, but the effects of downward mobility beliefs are stronger and more consistent.
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