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Correlational findings

Study Rode (2013): study ZZ World samples 1995

Public
18+ years, general public, 87 countries, 1995-2005
Survey name
INT-WorldValuesSurvey 1994-2008
Sample
Respondents
N = 180000
Non Response
Assessment
Interview: face-to-face

Correlate

Authors's Label
Sound money
Our Classification
Remarks
Part of Economic Freedom Index (Fraser Institute: Gwartney, Hall, & Lawson, 2011).
Related specification variables
Operationalization
A: Money growth
B: Standard deviation of inflation
C: Inflation: most recent year
D: Freedom to own foreign currency bank accounts

Ranges from 1 (least free) to 10 (most free).

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-SLW-c-sq-n-10-a b = +.09 p < .01 AVERAGE happiness by sound money
In 87 nations O-SLW-c-sq-n-10-a b = +.09 p < .01 In 61 poor countries (GDP per capita less than $20,000) O-SLW-c-sq-n-10-a b = +.01 ns In 43 rich countries (GDP per capita more than $10,000)
b controls for:
-average memberships
-importance of God
-log GDP per capita (PPP)
-unemployment rate
-divorce rate
-democracy
-regional dummies
-period dummies