Does money buy happiness in the Philippines? an evaluation of the effect of income on subjective well-being
Date
2011-04
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Abstract
This paper aims to determine whether the common notion that money affects happiness; holds true Filipinos. It It also takes into account the other factors and processes involved in evaluating Using well-being. Using Social Weather Survey Weather Survey of 2003, the researchers perform ordered logit regression and Findings change analyses. Findings reveal that the Filipino of factors affecting Filipino subjective well-being is similar to However,
other of other countries'. However, other determinants prove to Philippine not In in the Philippine context. In this study, household income establishes a Other and positive correlation to well-being. Other variables in the domains of personality, demographic, political-institutional, geographic factors Living social relationships also tend to be significant. Living in NCR and having On number of children produce negative effects on happiness. On the other hand, being married, optimistic Filipino registered voter seem to positively affect the level of Filipino subjective well-being.
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Keywords
Money, Happiness, Philippines