Findings on happiness in Headey et al. (2008): study DE 2002

Author(s)Headey, B.; Muffels, R.; Wooden, M.
TitleMoney does not Buy Happiness...Or does it? A Reconsideration Based on the Combined Effects of Wealth, Income and Consumption.
SourceSocial Indicators Research, 2008, Vol. 87, 65 - 82
Public16+ aged, general public, Germany 2002
Survey nameNot available
 The German Social Economic Panel (GSOEP) started in West Germany in 1984 with 12541 respondents aged 16 and over. It was extended to East Germany in 1990 and has been augmente with further samples to include immigrants and members of 'policy groups'.
SampleProbability simple random sample
 Sample was taken from the GSOEP
Respondents N =9958
 N = 17785 for the first two correlations with income and income + wealth. N = 9431 for all other correlations
Non ResponseNot available
AssesmentInterview: face-to-face
General remarksEarlier published as Discussion paper no. 1218 July 2004 IZA
Happiness measure(s) used
Full textSelfreport on single question: Taking all things together, how satisfied are you with your life these days? Please answer with the help of this scale. For instance, when you are totally satisfied with your life, please tick '10'. When you are totally unsatisfied with your life, please tick '0'. You may use all values in between to indicate that you are neither totally satisfied nor totally unsatisfied." 10 totally satisfied 9 8 7 6 5 4 3 2 1 0 totally unsatisfied
Finding used in
nation ranks

Correlational findings

Author's labelSubject Code
Subject description
AgeA04abCurrent age (in years)
Bad healthH14ab03Symptoms of bad health
Education (years)E01aaDevelopment of one's education
Equivalised household income / 1000I01ab03Household income
Household incomeI01ab03Household income
Household incomeP12ab01Total wealth, also classified as above ↑
In working forceE02abCurrent employment status
Net worthP12abCurrent possessions
Net worthP12ab03Debts, also classified as above ↑
Not namedS15ab16Socio-demographic + health + social ties
PartneredM02acLiving as married
PartneredM02aaMarried state (compared to non-married states), also classified as above ↑
PartneredL19ab04Steady love-relation, also classified as above ↑
SexG01aaSex (male vs female)
UnemployedE02ab03Unemployed involuntary