Social Capital and Subjective Well-Being in Malaysia
The objective of this paper is to examine the relationship between different forms of social capital and subjective well-being in Malaysia. Subjective well-being is observed based on two aspects: happiness and life satisfaction. The analysis using data from the World Value Survey with 1300 respondents. Based on the ordered probit regression analysis, it is found that bonding and linking social capital contribute to happiness. Happiness also increases for those who are more active in associations. However, bridging social capital based on trust of people from other religion and ethnic group as well as people whom an individual does not know have adverse contribution to happiness. Only linking social capital has a positive relationship with life satisfaction. In terms of religiosity, importance of God seems to have positive relationship with both happiness and life satisfaction. Other factors such as health status, income, marital status and education also have the influence on Malaysians’ happiness and life satisfaction levels.