LAUSR

This paper aimed to identify the determinants of life satisfaction in the four regions of Asia. Because the determinants of life satisfaction may differ between people who are at a different level of life satisfaction, quantile regression was used to yield more accurate inferences. An earlier study using ordinary least square regression found that the standard of living, marital status, education and the role of government were the most significant determinants of life satisfaction in Asia. Results from the present study also show that these three factors were significant determinants of life satisfaction, but their effects varied considerably across the quantiles. Gender and age were significant determinants of life satisfaction only in Central & West Asia, but the education factor was relatively less significant here as compared to the other regions. In all the four Asia regions, the income variable was a less significant predictor of life satisfaction as compared to the standard of living. This paper further found that employment was more influential in South and Southeast Asia as compared to the other two regions. The effects of these variables varied substantially across the quantiles. Some of these variables had a positive effect on life satisfaction for some quantiles, but a negative effect for other quantiles.