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Correlational findings

Study Layard et al. (2009): study US 1972

Public
30-55 aged white males, United States, 1972-2006
Survey name
US-GSS
Sample
Respondents
N = 14836
Non Response
Assessment
Interview: face-to-face

Correlate

Authors's Label
Financial situation relative to others
Our Classification
Distribution
0 well below average; 2,5 below average; 5 average; 7,5 above average; 10 well above average
Operationalization
Answer to the question:
Compared with other American families in general, would you say your family income is far below average, below average, average, above average or far above average?

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-HL-c-sq-v-3-a Beta = +.15 b controlled for:
- Personal characteristics
  - Age, age squared
  - Sex
  - Marital status
  - Employment status
- average income of similar compatriots