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Correlational findings

Study Headey et al. (2008): study AU 2002

Public
15+ aged, general public, Australia 2002
Sample
Respondents
N = 11755
Non Response
Assessment

Correlate

Authors's Label
Net worth
Our Classification
Operationalization
Estimates based on responses to detailed questions on assets and debts. Household networth is assets minus debts. The natural logarithm is used since wealth is highly skewed towards the top end

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-SLW-u-sq-n-11-e r = +.14 Only reported in original Discuusion paper O-SLW-u-sq-n-11-e b = +.65 p < .001 O-SLW-u-sq-n-11-e Beta = +.08 p < .001 B and Beta are controlled for
- gender
- age
- partnered
- education
- income (equivalized)
- in working force
- unemployed
- bad health