Can Assets Determine Family Happiness?

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Published: Aug 30, 2021
DOI: https://doi.org/10.18196/jerss.v5i2.12455
Keywords:
Assets, Happiness, Household, Java

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Vitriyani Tri Purwaningsih
Master of Science in Economics, Faculty of Economics and Business, Universitas Gadjah Mada, Special Region of Yogyakarta

Abstract

Ownership of assets can be assessed as the success of individual achievement in his life goals. It certainly can make individuals feel satisfied with the efforts they have made. Life satisfaction is one of the dimensions used by BPS to measure happiness. Thus, this study will analyze the effect of asset ownership on happiness. The data used in this study are data from the Indonesia Family Life Survey (IFLS) wave 5 of 2014. Analysis of the model in this study uses logistic regression for analysis in Java and outside Java Island. This study found that ownership of assets (jewelry, savings, vehicles, receivables), health, gender of the head of the household, type of residential, mobile phone, television, and access to the internet have a significant effect on household happiness. At the same time, other assets (houses/other buildings, land), number of household members, type of floor, and residential area (urban, rural) have no effect in determining of happiness of the household. The finding in this study also states that the probability of household happiness will be higher outside Java Island.

Article Details

How to Cite
Purwaningsih, V. T. (2021). Can Assets Determine Family Happiness?. Journal of Economics Research and Social Sciences, 5(2), 156–166. https://doi.org/10.18196/jerss.v5i2.12455
Issue
Vol. 5 No. 2: August 2021
Section
Articles

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