The Exploration of Subjective Well-being in the Context of Pakistan

Haroon Jamal

MPRA Paper from University Library of Munich, Germany

Abstract: This paper contributes to the literature on the subjective well-being (SWB) by providing empirical evidence regarding the correlates of SWB in the context of Pakistan. Instead of using single measure of life satisfaction or happiness to represent the level of SWB, a composite index with four different aspects; overall life satisfaction, happiness, financial satisfaction and subjective health status is developed for Pakistan using World Value Survey 2012 data. Differences in self-reported evaluation of current well-being are statistically explored through socio-demographic and behavioral characteristics of respondents. The statistical exercise reveals that law and order situation or feeling ofinsecurity in neighborhood is the most significant factor which is impacting SWB with large negative marginal effect.Similarly, variables representing vulnerability to poverty and security are also statistically significant with an inverse relation with SWB. In contrast, the results reveal that religiosity plays a positive and significant role in explaining differences in SWB. Nonetheless, the marginal positive impact of religiosity is much less than the negative impacting factors.

Keywords: Subjective Well-being; Life satisfaction; Happiness; Determinants; Pakistan (search for similar items in EconPapers)
JEL-codes: I31 O53 (search for similar items in EconPapers)
Date: 2018-07
New Economics Papers: this item is included in nep-hap
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/87950/1/MPRA_paper_87950.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:87950

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().