Abstract
The aim of the present paper is to analyze the effects of psychological well-being, physical functioning and socio-demographic factors on life satisfaction. Both a bivariate and a multivariate level of analyses have been used. Finally, a structural model explaining life satisfaction has been developed and validated. With respect to bivariate relations, there was evidence of significant positive relations between psychological well-being dimensions and life satisfaction and between physical conditions and life satisfaction as well. Also, as age increased there was a slow decrease in life satisfaction. Educational level was positively related to life satisfaction. A structural model gave valuable information about the pattern of multivariate relationships among the variables. A first result of the model was the large effect of physical and psychological well-being on life satisfaction, albeit it was psychological well-being the major predictor of life satisfaction. A second result was that the effects of socio-demographic variables on life satisfaction were low and they operated through the effects that maintain either on psychological well-being (or its individual indicators) or on physical conditions. The role gender or age played was indirect rather than direct.
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