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Correlational findings

Study Boyce & Wood (2011): study DE 2005

Public:
17-96 aged, general public Germany, followed 4 years 2005-2008
Survey name:
DE-SOEP combined waves
Sample:
Respondents:
N = 54460
Non Response:
Assessment:
Interview: telephone (CATI)

Correlate

Authors's label
Montly household income (log)
Our Classification
Operationalization
Change Montly household income (log), in Euros

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-SLW-c-sq-n-11-d Beta = +.49 p < .01 CHANGE happiness by CHANGE in income

Beta (+.487), based on pooled OLS, controled for:
- age
- sexe
- Household size (log)
- Marital status
- Employment status
- Disabled
- Child dummy

b unaffected by additional control for:
- personality
- year
- region

Similar among males (+.46) and females (+.42)
O-SLW-c-sq-n-11-d Beta-f = +.17 p < .01 CHANGE happiness by CHANGE in income

Beta (+.165), based on fixed effects, controlled for
- household size (log)
- marital status
- children (dummy)
- year
- region

Stronger among males (+.21) than females (+.15)

Interaction with personality:
- stronger among the conscientiousness (males) and neurotics (males and females)
- unaffected by openness, extraversion and agreeableness