Study of Subjective Welfare in Indonesia in Societal Domains and Globally Repository

Study of Subjective Welfare in Indonesia in Societal Domains and Globally

RACHMA FITRIA RAMADHAN, 041211132016 and Dyah Wulan Sari, Ph.D. (2020) Study of Subjective Welfare in Indonesia in Societal Domains and Globally. International Journal of Innovation, Creativity and Change, 11 (9). pp. 753-771. ISSN 2201-1315, eISSN: 2201-1323

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Official URL: https://www.ijicc.net/index.php/ijicc-editions/202...

Abstract

Welfare is the goal of every nation's society. Often, welfare is equated with material states, such as income, consumption, and wealth but the fact is that material state is not the sole source of welfare. There are other factors such as job status that affects welfare. This job status is not included in the calculation of objective welfare but is included in subjective welfare. The subjective welfare in this study is described globally through happiness and in a particular domain such as life satisfaction, in job terminology (job satisfaction). This study aims to test the influence of wealth, main job status, education level, working hours, and demographic factors on subjective welfare globally and in domains. This research uses the logit model regression technique. The result of this research shows that wealth, job status, education level, and demographic variables have an effect on subjective wealth both globally and in domains, while working hours only affect the subjective welfare of domain.

Item Type:

Article

Uncontrolled Keywords:

Subjective welfare, happiness, job satisfaction, main job status

Subjects:

H Social Sciences
H Social Sciences > HB Economic Theory

Divisions:

04. Fakultas Ekonomi dan Bisnis > Doktoral Ilmu Ekonomi

Creators: