THE IMPACT OF RELIGIOUS HUMAN CAPITAL ON INDIVIDUAL’S WELL BEING IN PAKISTAN

الملخص

The major objective of the study is to examine the effects of religious
capital on individuals’ wellbeing. In received literature on the subject
various factors have been investigated that affecting wellbeing this study
attempt to check out weather religious human capital can affect
wellbeing/self-satisfaction. We used the data set of Divine economic
survey’s 2009 is based on 807 households for this study. Our Wellbeing
index takes values from zero to 100, i.e. it is actually summation of
responses against a number of questions. In order to check the effect of
religious capital on individual’s wellbeing we used Cronbach Alpha test
for reliability of the questionnaire, descriptive analysis and OLS technique
for results. In the empirical analysis it is found that religious capital like
worship, religious education, time allocation for religious activities and
interaction with religious fellows, charity etc. have positive effect on
individual’s” wellbeing.
Keywords: Worship, Wellbeing, Religious capital, Divine Economics.