Study Deaton (2008): study ZZ 2006
- Public
- 15+ aged, general public, 132 countries, 2006
- Sample
- Respondents
- N = 132000
- Non Response
- n.a.
- Assessment
- Interview: face-to-face
Correlate
- Authors's Label
- Income
- Our Classification
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-
- Remarks
- Data: Penn World Tables version 6.2
- Operationalization
- Logarithm of per capita Gross Domestic Product adjusted for purchasing power parities
Observed Relation with Happiness
The upper line in figure 2 refers to young people (15 to 25) whereas the lower line refers to old people (60+):
- Old individuals are happier than young individuals in very rich countries
- Old individuals are less happy than young individuals in middle and low income countries
- Difference is stronger in middle income countries compared to low income countries
B does not change when controled for:
- economic growth 2000-2003
B controled for:
- economic growth 1990-2000
- economic growth 2000-2003
B controled for:
- economic growth 2000-2003
- life expectance 2005
- change in life expectancy 1990-2005
B controled for:
- economic growth 2000-2003
- life expectancy 2005
- change in life expectancy 1990-2005
Insignificant due to low number of observation
B's similar across age groups
B (+.84) means that if income changes from $10.000 to $20.000 the happiness score increases by ((ln)20.000-(ln)10.000)*0,84 = 0,58 points due to the log scale