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Correlational findings

Study Cheng et al. (2013): study CN 2011

Public:
Adult, general public, China, 2011
Survey name:
CN-China Household Finance Survey (CHFS) 2011
Sample:
Respondents:
N = 5229
Non Response:
Assessment:
Multiple asesment methods
Interview: telephone (CATI) & Interview: computer assisted (CAPI)

Correlate

Authors's Label
Expectations
Our Classification
Distribution
A. M = 3.78; B. M = 3.79; C. M = 4.14; D. M = 3.75
Operationalization
Selfreport on questions:
A. What is your expectation of China’s economic prospects in the next three to five years?
1. very poor
2
3
4
5. very good

B. What is your expectation of property prices in the coming year?
1. decrease a lot
2
3
4
5. increase a lot

C. What is your expectation of commodity prices in the coming year?
1. decrease a lot
2
3
4
5. increase a lot

D. What is your expectation of interest rates in the coming year?
1. decrease a lot
2
3
4
5. increase a lot

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-SLu-u-sq-v-5-i b = +.18 p < .01 Economy expectation O-SLu-u-sq-v-5-i b = -.02 ns Property price expectation O-SLu-u-sq-v-5-i b = +.00 ns Commodity price expectation O-SLu-u-sq-v-5-i b = +.02 ns Interest rate expectation

B's controlled for:
-Socioeconomic characteristics
-gender
-age
-schooling
-marital status
-household size
-rural hukou
-Party member
-social insurance
-income
-Homeownership
-homeownership
-homeownership property status
-property tenure
-property size
-number of homeownership
-source of homeownership
-Loan
-home loan
-type of home loan
-Perceive better local public safety
-Express lower risk aversion