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Correlational findings

Study Welzel & Inglehart (2010): study ZZ World samples 1995

Public
18+ aged, general public, 89 nations, 1995-2005
Survey name
INT-WorldValuesSurvey 1994-2008
Sample
Respondents
N = 250000
Non Response
Assessment
Interview: face-to-face

Correlate

Authors's Label
Monetary saturation
Our Classification
Remarks
Self-report on single question: "How satisfied are you with the financial situation of your household?"
Operationalization
Normalized scale from 0 for the least satisfied position to 1 for the most satisfied position.

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-SLW-c-sq-n-10-a b = +.53 p < .001 INDIVIDUAL happiness by INDIVIDUAL monetary saturation in 76 nations O-SLW-c-sq-n-10-a b = For the same level of agentic strategies:
Monetary saturation is negatively associated with happiness (b interaction=-.41, p<.001).
. O-SLW-c-sq-n-10-a b = -.07 p < .01 For the same level of communion:
Monetary saturation is negatively associated with happiness.

Unaffected by interactions with:
-agentic strategies
-Western tradition. O-SLW-c-sq-n-10-a b = For the same level of agency feelings:
Monetary saturation is negatively associated with happiness (b interaction=-.06, p<.001).


b controls for:
-societal characteristics
-Western tradition
-agentic life strategies
-individual characteristics
-biological age
-female sex
-income level
-education level
-interaction between societal characteristics (agentic strategy and Western tradition) with individual characteristics:
-communion emphasis (people's emphasis on family and friends as important life domains)
-monetary saturation (satisfaction with financial situation of household)
-agency feeling
-agency feeling*monetary saturation
-agency feeling*communion
-communion*monetary saturation


Method used is hierarchical linear modeling.