Human Values

Journalhttp://jhv.sagepub.com/ Values of Human

Relationship between Three Indices of Happiness : Material, Mental and Spiritual

Sonali Bhattacharya Journal of Human Values 2010 16: 87 DOI: 10.1177/097168581001600108 The online version of this article can be found at: http://jhv.sagepub.com/content/16/1/87

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Connecting the Individual and Cultural Level Value Analysis 87

Relationship between Three Indices of Happiness: Material, Mental and Spiritual

SONALI BHATTACHARYA

Every individual in this world seeks to achieve a healthy, wealthy, secured and blissful life as suggested by Maslow’ Need Hierarchy. A regression analysis taking Life Satisfaction Index (as obtained from World Database of Happiness between 1995–2005) as the dependent variable indicated rule of law, voice and accountability, regularity authority as well as economic freedom indicators (as obtained from Heritage Foundation Database, 1995–2006) as very significant predictors. In this article, an attempt has been made to understand this tri-dimensional concept of happiness and combining them to arrive at a Composite Index of Happiness. Efforts have also been made to evaluate performance of various nations in their persistency to achieve these dimensions of happiness. Most studies have been either in direction of Subjective Well-being or Developmental Well-being. This article has been in an effort to combine both the factors and incorporating age-old values and virtues required for reaching higher realm of...