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Correlational findings

Study Knabe & R├Ątzel (2007): study DE 1992

Public:
21-64 aged, Germany, followed 13 years ,1992-2005
Sample:
Respondents:
N = 152411
Non Response:
not reported
Assessment:
Interview: face-to-face

Correlate

Authors's label
Transitory income
Our Classification
Operationalization
Current income

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-SLW-c-sq-n-11-d OPRC = +.44 p < .01 Same among males and females

OPRC controlled for:
- employment status
- family status
- age, age squared
- number of children
- years of education
- house ownership
- health indicators
O-SLW-c-sq-n-11-d OPRC = .10 s OPRC is about .10 lower when additional controled for average income 199-2005

OPRC means that higher transitory income corresponds to more happiness

OPRC cannot be interpreted as an absolute effect size