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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).
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 Special Research Type Elaboration / Remarks O-SLW-c-sq-n-10-a b = +.09 p < .01 Cross-national AVERAGE happiness by sound money
In 87 nations
O-SLW-c-sq-n-10-a b = +.09 p < .01 Cross-national In 61 poor countries (GDP per capita less than $20,000) O-SLW-c-sq-n-10-a b = +.01 ns Cross-national 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