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Correlational findings

Study Hartog & Oosterbeek (1998): study NL 1952

Public:
41 aged, Brabant, the Netherlands, followed 1952-1993
Sample:
Respondents:
N = 1893
Non Response:
53,6%
Assessment:
Questionnaire: paper
Mailed questionnaire at T3.

Correlate

Authors's label
Wealth
Our Classification
Operationalization
Wealth; 10 intervals ranging from debt greater than 50.000 Dutch Florins (22500 euro) to wealth greater than 500.000 Dutch Florins (property, including cash, home, shares, business firms; minus mortgage, loans etc.. Wealth partner included.

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks C-BW-c-sq-n-11-a OPRC = +.01 p < .05 OPRC controlled for:
-schooling
-intelligence
-social background
-gender and familiy status
-labour market status
-self-perceived health.

OPRC (Ordered Probit Regression Coefficient) cannot be interpreted as an absolute effect-size. The coefficient only denotes whether the correlation is positive or negative and the relative differences in correlation between wealth and happiness; more wealth goes together with more happiness.