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Correlational findings

Study Gehring (2013): study ZZ World samples 1981

Public
18+ aged, 79 countries, 1981-2007
Survey name
INT-WorldValuesSurv 1-5
Sample
Respondents
N = 200000
Non Response
Assessment
Interview: face-to-face

Correlate

Authors's Label
Investment price level
Our Classification
Distribution
M=66,521 SD=26,964
Related specification variables
Operationalization
Investment price level in the country relative to the US investment price level.

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-HL-u-sq-v-4-a r = +.48 AVERAGE happiness by investment price level in 79 nations. O-SLW-c-sq-n-10-a r = +.45 O-SLW-c-sq-n-10-a b = +.01 p < .01 b controls for:
- social trust
- belief in God
- log GDP per capita
- government share (% of GDP)
- regional dummies
- period dummies O-SLW-c-sq-n-10-a b = +.01 p < .05 b additionally controls for:
- economic freedom

b is for pooled OLS with robust SE. Similar coefficients with different levels of statistical significance are obtained for a fixed effects model, random effects model, and an autoregressive (1) random effects model. O-SLW-c-sq-n-10-a r = +.49 % VERY HAPPY (top 3 life satisfaction) by investment price level in 79 nations. O-SLW-c-sq-n-10-a b = +.00 p < .05