Study Brown & Gray (2014): study AU 2002

Public

16-93 aged general public, Australia, 2002, 2006, 2010

Survey name

AU-HILDA combined waves

Sample

Respondents

N = 27530

Non Response

Assessment

Interview: face-to-face

Correlate

Authors's Label

Ln(Net Wealth)

Our Classification

Remarks

level of household assets minus total debt, where the level of total assets is defined as the summation of the household’s financial and tangible assets and total debt is the summation of secured and unsecured debt.

Distribution

M = 11.894; SD = 4.279

Operationalization

Net wealth is calculated (total value of assets - total value of debt)
-  ln(net wealth), where net wealth is positive -->
-  ln(wealth)=0 , where net wealth is zero
-  - ln(|nw|)  , where net wealth is negative

Observed Relation with Happiness