Happiness and Consumption in Mauritius: An Exploratory Study of Socio-Economic Dimensions, Basic Needs, Luxuries and Personality Traits

Abstract

AbstractMainstream economics perceive an individual as highly individualistic, presuming that he/she consumes goods in the most efficient way to optimize his/her level of happiness. This study attempts to explore the nexus between socio-economic dimensions, basic needs, luxuries and personality traits and happiness in Mauritius. Material consumption and happiness are projected to be positively and strongly related. This is usually illuminated in terms of the increased possibilities to satisfy basic needs and luxuries along with other motives which additional spending provides. Other instrumental aspects of consumption, such as its relative, community-based and hedonic magnitudes are accounted. Cross-sectional data are compiled from a household survey with a sample size of 1015 observations. To conduct the analysis, an ordered probit model is applied. The general conclusion is drawn upon the results that socio-economic indicators like educational attainment, residential location, family size, income in addition to the intermediate needs deprivation index, brand consciousness, fashion innovativeness, commercial interest, shopping enjoyment, hedonism, bandwagon effect and personality traits are significantly related to people’s happiness.