Correlational findings

Study Barcena Martin et al. (2013): study DE 1994

18+ aged, general public, Germany, 1994-2011
Survey name
DE-SOEP combined waves
N = 162167
Non Response
Interview: Computer Assisted Telephone Interview (CATI)


Authors's Label
Cultural capital
Our Classification
a) Risk: takes values between 0 (no willingness to take risk) and 10 (very willing to take risk)

b) Importance of (rated between 1: very important to 3: not important):
1) economic goals (such as job succes, owning a home, etc.)
2) family goals (importance of having children of a partner)
3) social goals (political activity, travel, good relationships with friends, etc.)

c) Worries: the extend to what an individual is concerned about economic development, finances and the environment (1 not at all concerned - 3 very concerned)

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-SLW-c-sq-n-11-d Beta = +.01 p < .05 a) willingness to take risk
Beta (0.005)
O-SLW-c-sq-n-11-d Beta = +.03 ns b) importance of economic goals
Beta (0.034)
O-SLW-c-sq-n-11-d Beta = -.21 p < .01 b) importance of family goals
Beta (-0.209)
O-SLW-c-sq-n-11-d Beta = -.31 p < .01 b) importance of social goals
Beta (-0.313)
O-SLW-c-sq-n-11-d Beta = +.93 p < .01 c) Worries

Beta (0.931) controlled for:
- household income
- relative income
- social capital (memberships in associations, organisations, groups)
- cultural capital (attitute towards risk and life goals)
- interaction effects
- socio-economic characteristics (age, sexe, marital status, type of household, years of education)