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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
Debt
Our Classification
Operationalization
A: Total Debt
B: Secured debt
C: Unsecured debt

Self report on 2 questions.
B: "If you still have a loan taken out on your house/apartment, how high is the remaining debt (excluding interests)?"
C: " Leaving aside any mortgages on house or property or house-building loan: Do you currently still owe money on loans that you personally  were granted by a bank, other organization, or private individual, and for which you personally are liable? How high are your outstanding debts?
A: B+C

Observed Relation with Happiness

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

Total debt
O-SLW-c-sq-n-11-d OPRC = -.02 p < .01 Unsecured debt O-SLW-c-sq-n-11-d OPRC = +.00 ns Secured debt O-SLW-c-sq-n-11-d OPRC = +.00 ns BIVARIATE analysis (Joint modelling of Life satisfaction and Financial concerns)

Total debt
O-SLW-c-sq-n-11-d OPRC = -.00 ns Unsecured debt O-SLW-c-sq-n-11-d OPRC = +.00 ns Secured debt

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