Socioeconomic and Demographic Factors Affecting Individual’s

Life satisfaction is increasingly recognized as a significant dimension ofwellbeing. Thus the main b of the objective study will be to explore theassociation among income, family composition, health, and religion overlife satisfaction. In this effort, correlates of the life satisfaction for theSAARC countries Pakistan, India, and Bangladesh analyzed. Micro datafrom the World Values Survey (WVS) fourth wave (1999 to 2004) forPakistan, India and Bangladesh was utilized comprising a wide range ofinformation on political, social and cultural values of countries. Themultinomial logistic regression was employed to examine the effects ofvarious socioeconomic and demographic factors on life satisfaction.Health, income, shows significant positive factor in determining lifesatisfaction, however financial satisfaction is overpowered by religiousfaith especially in India and Pakistan. Employment had a positive impacton individual’s satisfaction in Pakistan and India. Gender, education hasinsignificant impact on life satisfaction in three countries. Age hasinsignificant effect on life satisfaction in Pakistan, while showsinsignificant impact in India and Bangladesh. Preferences for democracyare associated with life satisfaction in India and Bangladesh