Study Headey & Wooden (2004): study AU 2002

Public

20-59 aged, general public, Australia, 2002

Sample

Respondents

N = 7934

Non Response

Assessment

Interview: face-to-face

Correlate

Authors's Label

Log net worth

Our Classification

Remarks

Assets covered housing,businesses, equity- and cash-type investments, vehicles and collectibles. Indicvidual assets (superannuation, bank accounts) and debts (credit card, HECS other personal debts) were included.

Operationalization

Estimates based on responses to detailed questions about income components. Networth is assets minus debts. The natural logarithm is used since wealth is highly skewed towards the top end

Observed Relation with Happiness