Development of the Happiness Index as Footsteps Towards Sustainable Development in Malaysia

The goal in the economics of happiness is to improve the living conditions of people in their everyday life. Thus, it is essential to know how the circumstances of lives and societies can influence index of social well-being of Malaysian. The study involved 302 respondents and were questioned for the pilot study. This study will focus more on what makes people in Malaysia happy and how to measure the index of social well-being (ISWB). The study will be initially analysed using primary data that will be gained by conducting a survey questionnaire then follow by pilot testing. The data will be collected and analysed by descriptive statistical analysis, correlation analysis, frequency analysis, reliability test, factor analysis test, one-way analysis of variance (ANOVA), independent sample test. The computation procedure of the ISWB is also applied to complete the observation in this study. Furthermore, this researcher created the overall ISWB, which is made up of nine essential domains. According to the findings of this study, Malaysian society's existing Cantril ladder and desired happiness in the next five years are greater than the overall ISWB