PPIE FEB UI Held a Guest Lecture from Malaysia Studied Relationship between Happiness with Higher Income and Education
Nino Eka Putra ~ Humas FEB UI
DEPOK – Postgraduate Program in Economics, Department of Economics, FEB UI holds a Weekly Seminar that presents professors from Malaysia with the topic “Does Happiness Related to Higher Income and Higher Educational Level? Worldwide Evidence from Quantile Regressions “which took place in room 306, Postgraduate Building, Monday (12/23/2019).
Professor from Universiti Utara Malaysia, Badariah Haji Din said that the world of ‘happiness’ was used in various ways. In this sense it is often used interchangeably with terms such as ‘welfare’ or ‘quality of life’ and denotes individual and social welfare. Indicators of happiness include the form of healthy life expectancy, changes in information technology, government policies / freedom, family / love, the environment, and work, productivity, respect, and achieving pleasure or satisfaction.
To maintain current and future living standards, maintaining long-term economic growth has become the ultimate goal of any country. Many countries relentlessly pursue the path of economic growth into developed and high-income countries, but few realize that in their pursuit of material well-being, they seem to have completely lost aspects of human emotions.
Recent literature on happiness has shown evidence that in some developed countries that have enjoyed rapid growth and accumulated high levels of material well-being, their citizens have not been reported to enjoy higher levels of happiness.
“Is higher income and education related to happiness? Previous studies have found mixed results. In this study we investigate the effects of income and educational attainment on the level of happiness in various parts of 149 countries,” he added.
Using OLS and quantile regression estimates, our results show that there is a non-linear relationship between income and happiness level. “In fact, it shows an inverted U-shaped Kuznets curve. On the other hand, basic education reduces the level of happiness while secondary and higher education increases the level of happiness,” he concluded. (Des)
