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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

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

Suggested Citation

  • Nguyen Trung & Kimoon Cheong & Pham Nghi & Won Kim, 2013. "Relationship Between Socio-Economic Values and Wellbeing: An Overview Research in Asia," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 111(2), pages 453-472, April.
    • Handle: RePEc:spr:soinre:v:111:y:2013:i:2:p:453-472
    DOI: 10.1007/s11205-012-0014-z
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    2. Worawan Chandoevwit & Kannika Thampanishvong, 2016. "Valuing Social Relationships and Improved Health Condition Among the Thai Population," Journal of Happiness Studies, Springer, vol. 17(5), pages 2167-2189, October.

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    Keywords

    Happiness; Satisfaction; Income; Asia;
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