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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
Distribution
Wealth in Dutch Florins x 1000, average age = 53.
1. <-50: 5,7%; 2. -50/-10: 4,6%; 3. -10/0: 1,6%
4. 0: 7,8%; 5.+10/+50: 11,4%;  5. +50/+100:12,9%
7. +100/+250:26,7%; 8. +250/+500:14,4%
9. >+500: 8,9%

Average wealth = 154,350 Dutch Florins.
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.