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_aJoshua R. Cabrera, Lyra Cosette B. Dayego, Christianne Nicole A. Giron, Kim Zen G. Legaspi
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_aIn pursuit of happiness: testing for the validity of easterlin paradox in the Philippines
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_c4453146
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_a48 pages
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_atext
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_aunmediated
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_aResearch Paper: (BSBA major in Business Economics) - Pamantasan ng Lungsod ng Maynila, 2021
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_aAbstract Over the years, the concept of happiness remained its relevance and hinted at a pivotal view towards the discipline of economics. According to the 'Easterlin Paradox', happiness varies directly with income at a given point in time, both among and within nations, but happiness does not increase over time as income rises. However, it is important to note that the Easterlin Paradox in its sense is still a paradox which imposed a challenge as it does not signify all economies. Therefore, this study was approached as an empirical generalization with the variables of Philippines' 2006 to 2020 happiness scores from the World Happiness Report as it encompasses the GDP and income, a proximal variable used in the Easterlin paradox, regressed against independent variables average life expectancy and health care services. Decision parameters such as Multiple Regression, Variance Inflation Factors, Goodness of fit, Normality test, Heteroscedasticity test, and Scatter plot were used to produce the estimation model for the study and prove the applicability of Easterlin Paradox in Philippine context. Keywords: easterlin paradox, happiness, health care services, mortality rate, world happiness report
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