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Correlational findings

Study Tsai (2009): study ZZ World samples 1990

Public:
18+ aged, 76 countries, 1990s
Survey name:
WorldValuesSurvey 1-3
Sample:
Respondents:
N = 80000
Non Response:
Assessment:
Interview: face-to-face

Correlate

Authors's label
Black market premium
Our Classification
Operationalization
Higher values indicate that the black market exchange rate is higher relative to the official exchange rate.

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-HL-u-sq-n-10-a b = -.07 p < .05 AVERAGE happiness by black market premium in 63 nations O-SLW-c-sq-n-10-a b = -.06 p < .10 AVERAGE life satisfaction by black market premium in 73 nations

b controls for:
-GNI per capita
-GDP growth rate
-inflation
-Militarism index
-Latin America dummy
-Eastern Europe dummy