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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
Permanent income
Our Classification
Operationalization
Average income of the individuals  averaged over all years in the panel (1992-2005)

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-SLW-c-sq-n-11-d OPRC = +.36 p < .01 Both sexes O-SLW-c-sq-n-11-d OPRC = +.33 p < .01 Men only O-SLW-c-sq-n-11-d OPRC = +.39 p < .01 Women only

OPRC's controlled for:
- employment status
- transitory income (truncated model)
- family status
- age, age squared
- number of children
- years of education
- house ownership
- health indicators

OPRC's cannot be interpreted as an absolute effect size

OPRC's mean that a higher permanent income corresponds to more happiness and that the difference is similar among males and females