Happiness: An Approach to Measure Economics of Well-Being

Abstract

— Happiness is a psychological condition of a person related to the condition of well-being. This study aims to see and estimate the factors that cause someone to prosper by using the condition of happiness as a proxy. The data used is the data from the Indonesia Family Life Survey 5. In addition, we use spatial aspects to see the differences in the formation of the probability of someone to be happy. The findings of this study are that household income, education, health, marital status, gender, and religious level have a positive and significant effect on a person's probability of being happy.