Analysis of Factors Affecting Individuals' Sources of Happiness with Multinomial Logistic Model

Abstract

The happiness levels of individuals and their sources of happiness have been wondered a lot and researched from past to present. The aim of this study is to examine the factors that affect individuals' sources of happiness. The data set of the study was obtained from the Life Satisfaction Survey of the Turkish Statistical Institute. 9212 individuals were included in the study. In the study, chi-square independence tests were conducted to examine the relationship between the source of happiness and the independent variables included in the model, and multinomial logistic regression analysis was applied to determine the factors that may have an effect on the sources of happiness of individuals. As a result of the study, it has been determined that the factors of the individual's age, gender, marital status, educational status, satisfaction with income level, welfare level, life satisfaction, satisfaction with a social life are effective on sources of happiness. At such a time when it is clear that the coronavirus epidemic adversely affects many aspects of our lives, especially our psychology, and will leave a mark on our tomorrows, and the activities of decision-makers and policymakers are shed light through the study in order to increase the happiness of individuals and to ensure that the future will be better.

Keywords

• Happiness
• the economics of happiness
• subjective well-being
• microeconometrics
• discrete choice model

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