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Correlational findings

Study Gray (2014): study DE 2002

Public:
Heads of households, Germany, 2002, 2007
Survey name:
DE-SOEP
Sample:
Respondents:
N = 7712
Non Response:
Assessment:
Interview: face-to-face

Correlate

Authors's label
Financial concerns
Our Classification
Operationalization
Self-report on a single question:
What is your attitude towards the following areas - are you concerned about them? Your economic situation.
The verbal answers coded as:
1: not at all concerned (reference)
2: concerned
3: very concerned

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-SLW-c-sq-n-11-d OPRC = -.55 p < .01 FIXED EFFECTS analysis

Concerned      (vs Not)
O-SLW-c-sq-n-11-d OPRC = -1.4 p < .01 Very concerned (vs Not) O-SLW-c-sq-n-11-d OPRC = -.93 p < .01 BIVARIATE analysis (Joint modelling of Life satisfaction and Financial concerns)

Concerned      (vs Not)
O-SLW-c-sq-n-11-d OPRC = -1.9 p < .01 Very concerned (vs Not)

OPRCs controlled for:
- financial situation
  - debt
  - total assets
  - household income
  - net wealth
- social situation
  - marital status
  - household size
  - employment
  - education
- age
- health