Findings on happiness in Headey et al. (2008): study GB 2000

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
Public15+ aged, general public, Great Britain, 2000
Survey nameNot available
 BHPS, which started in 1991 with 10300 respondents aged 16 and over in 5500 households.
SampleProbability simple random sample
 Sample was taken from the BHPS Panel
Respondents N =14101
 N = 14439 for the first two correlations with income and income + wealth. N = 14101 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: We have talked about various parts of your life, now I want to ask you about your life as a whole. How satisfied are you with your life as a whole these days.....? 7 completely satisfied 6 5 4 neutral 3 2 1 completely dissatisfied
Author's labelLife satisfaction
Page in publication8
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 Consumption / 1000N15abCurrent nutrition
Equivalised Consumption / 1000C10ab03jFood, also classified as above ↑
Equivalised income / 1000I01ab03Household income
Household incomeC10ab02Consumption level
Household incomeI01ab03Household income , also classified as above ↑
Household incomeP12ab01Total wealth, also classified as above ↑
Household incomeX01UNCLASSIFIED, also classified as above ↑
In working forceE02abCurrent employment status
Net worth (ln)P12abCurrent possessions
Net worth (ln)P12ab03Debts, 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