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Correlational findings

Study Gehring (2013): study ZZ World samples 1981

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

Correlate

Authors's label
Investment price level
Our Classification
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