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Relationship Between Socio-Economic Values and Wellbeing: An Overview Research in Asia

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  • Nguyen Trung

    ()

  • Kimoon Cheong

    ()

  • Pham Nghi

    ()

  • Won Kim

    ()

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    Abstract

    This paper investigates ten Asian nations to consider how socio-economic values affect happiness and satisfaction. Moreover, it considers whether economic factors can strongly affect wellbeing under certain conditions. Males in Asia are said they have more opportunities to obtain higher happiness and satisfaction but it does not happen in the current study. Unemployment has negative and significant impact with regard to happiness and satisfaction in developing countries yet it does not have the same effect in developed nations. It is believed cultural value positively affects happiness and satisfaction in East Asia but the result in the models is different with no clear relationship between this variable and wellbeing. Furthermore, some people declare that a relative increase of income compared to the lowest group will lead them to lower life satisfaction. Copyright Springer Science+Business Media B.V. 2013

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    File URL: http://hdl.handle.net/10.1007/s11205-012-0014-z
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    Bibliographic Info

    Article provided by Springer in its journal Social Indicators Research.

    Volume (Year): 111 (2013)
    Issue (Month): 2 (April)
    Pages: 453-472

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    Handle: RePEc:spr:soinre:v:111:y:2013:i:2:p:453-472

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    Web page: http://www.springer.com/economics/journal/11135

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    Related research

    Keywords: Happiness; Satisfaction; Income; Asia;

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    1. Eng Seng Loh, 1996. "Productivity Differences and the Marriage Wage Premium for White Males," Journal of Human Resources, University of Wisconsin Press, vol. 31(3), pages 566-589.
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    13. Bolle, Friedel & Okhrin, Yarema & Vogel, Claudia, 2009. "A note on interdependent happiness," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(5), pages 713-721, October.
    14. Leung, Kwok, 2006. "The rise of East Asia: Implications for research on cultural variations and globalization," Journal of International Management, Elsevier, vol. 12(2), pages 235-241, June.
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