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Correlational findings

Study Layard et al. (2009): study DE 1984

Public
30-55 aged non-immigrant West-Germans, West-Germany, followed 1984-2006
Survey name
DE-SOEP combined waves
Sample
Respondents
N = 56240
Non Response
Assessment
Interview: face-to-face

Correlate

Authors's Label
Real household income
Our Classification
Operationalization
Real net household income (log)

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-SLW-c-sq-n-11-d b = +.50 yearly CHANGE in happiness by yearly CHANGE in income O-SLW-c-sq-n-11-d b-fix = +33 b's controled for:
- age squared
- sexe
- education
- marital status
- work status
- state dummies O-SLW-c-sq-n-11-d b = +.53 b additionally controled for average income of similar people O-SLW-c-sq-n-11-d b-fix = +.33 O-SLW-c-sq-n-11-d b-fix = +.32 b additionally controled for past incomes (1, 2 and 3 years O-SLW-c-sq-n-11-d b-fix = -.01 CURRENT happiness by PAST (T-1) household income O-SLW-c-sq-n-11-d b-fix = +.01 CURRENT happiness by PAST (T-2) household income O-SLW-c-sq-n-11-d b-fix = -.06 Current happiness by past (T-3) household income

b's controled for:
- personal characteristics
- average income of similar compatriots
- relative income