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Economic Factors and Life Satisfaction: Trends from South African Communities

Chengedzai Mafini ()
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Chengedzai Mafini: Vaal University of Technology

Acta Universitatis Danubius. OEconomica, 2017, issue 13(3), 155-168

Abstract: This article investigated the influence of four economic factors, namely education, health, income level and household size on the life satisfaction of township residents in South Africa. The sample consisted of 985 individuals drawn from three townships located in the southern part of Gauteng Province. The association between each economic factor and life satisfaction was analysed using regression analysis. Education, health, and household size predicted life satisfaction, which validates traditionally acknowledged relationship trends. However, income was not statistically significant, which contradicts conventional perspectives. Education was the strongest predictor of life satisfaction when compared to other economic factors. Overall, the results of the study confirm the complexity of the association between economic factors and life satisfaction. Governments in developing countries may refer to the results of the study in their quest to develop and implement economic initiatives and policies aimed at improving the well-being of poor communities.

Keywords: Life satisfaction; education; health; income; household size; township societies; South Africa (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:dug:actaec:y:2017:i:3:p:155-168