English: Life satisfaction has been extensively studied in developed countries frequently using
methods of self-report questionnaires and correlational analysis. This paper contributes
to existing literature in two novel respects: first, it makes use of data from a
developing country and secondly, uses a third-party evaluation method to investigate
the structural relationship between life satisfaction and health, family life and money.
Eight versions of life combinations, each representing a combination of good/poor
health, good/troubled family life and high/low salary, were distributed to eight subgroups
of 100 respondents. A constrained cumulative logit (proportional odds) model
is then fitted to the data. We find a complex nexus of interactions between the
covariates under study and life satisfaction. What stands out is the dominance of
family life compared with money and good health in meeting a more satisfied life
among Asian households
