Published Paper Details:

The monetary policy, fiscal policy and taxation are not the only factor of economic development but it also rooted in human psychology, sociology, culture and norms. Similarly, Self-management and self-control are the capability of the people to make right choices which should be consider for both the poverty measurement and eradication with the rational-cum new classical behaviour as it is not much helpful to eliminate the problems of chronic poverty in India. In this study we explore the theoretical relationship as well as empirically examine how self-management and self-control are related with the subjective wellbeing of the people in the context of multidimensional poverty. The present study is based on both the primary and secondary data. The present study used convenient sampling method and conducted face to face personnel interviews to collect primary data of 200 household by structured questionnaire across the Sundargarh district of Odisha. In this study statistical tools like, descriptive statistics, multiple regression and multiple correlation were used to examine the relationship between self-management and self-control and the subjective wellbeing. The result of the study indicates that there is strong association between the variables self-management and self-control and subjective wellbeing. The suggestions of the study are to conduct more research work in search of the path to happiness i.e., subjective wellbeing of the people.