A note on happiness and life satisfaction in Malaysia
Gross Domestic Product (GDP) has long been an indicator of economic growth.There is an on-going debate on whether high growth increases well-being.The terms ‘happiness’ and ‘life satisfaction’ are often used interchangeably to explain the subjective well-being levels of individuals.This study examin...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Malaysian Economic Association
2016
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/20578/1/MJES%2053%202%202016%20261%20277.pdf |
| Summary: | Gross Domestic Product (GDP) has long been an indicator of economic growth.There is an on-going debate on whether high growth increases well-being.The terms ‘happiness’ and ‘life satisfaction’ are often used interchangeably to explain the subjective well-being levels of individuals.This study examines if both happiness and life satisfaction of Malaysian citizens are explained by the same factors based on a sample size of 1289 adopted from the 6th waves of World Values Survey (2010-2014).Outcomes from the ordered logit regression analysis indicate that income has strong positive relationship with happiness and life satisfaction.This study supports Easterlin paradox partially, which
indicates a positive association between happiness and income in the short-term.Other common income related factors that have positive and strong significant impact on both happiness and life satisfaction are health status, employment and satisfaction on financial situation of household. |
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