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Correlational findings

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
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

Happiness Measure Statistics Elaboration / Remarks O-SLW-u-sq-n-11-d b = +.57 p < .001 O-SLW-u-sq-n-11-d Beta = +.71 p < .001 B and Beta controlled for:
- equivalised Income
- gender
- age
- partnered
- educational attainment
- employment status
- disability status