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A note on happiness and life satisfaction in Malaysia

Mei, Chin Boo and Siew, Hwa Yen and Lim, Hock Eam (2016) A note on happiness and life satisfaction in Malaysia. Malaysian Journal of Economic Studies, 53 (2). pp. 261-277. ISSN 0126-5350

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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.

Item Type: Article
Uncontrolled Keywords: Happiness, income, life satisfaction, Malaysia
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: School of Economics, Finance & Banking
Depositing User: Dr. Lim Hock Eam
Date Deposited: 08 Jan 2017 08:35
Last Modified: 08 Jan 2017 08:35
URI: http://repo.uum.edu.my/id/eprint/20578

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