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Correlational findings

Study Liu & Shang (2012): study CN 2002

Public
Adult general public, urban areas, China, 2002
Survey name
CN-CHIP 2002
Sample
Respondents
N = 2304
Non Response
Assessment
Interview: face-to-face

Correlate

Authors's Label
Log(net assets)
Our Classification
Remarks
assets are measured at the current market value
Distribution
M=11.186; SD=1.766
Operationalization
Assets= financial assets+durable goods+productive fixed assets+ real estateassets+other assets

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks M-FH-g-sq-v-5-d b = +.07 p < .000 M-FH-g-sq-v-5-d b-iv = +.03 ns b-iv instrumented for income

b and b-iv controled for:
- household income
- average household income (city)
- individual-specific characteristics
  - gender
  - age
  - have local Hukou (dummy)
  - minority
  - education
  - marital status
  - employment status
  - working hours
  - disabled
  - health status
- household-specific characteristics  
  - debt
  - household size
  - No. of kids
- city specific characteristics
- province (dummies) M-FH-g-sq-v-5-d b = +.04 p < .000 M-FH-g-sq-v-5-d b-iv = +.02 ns b and b-iv additionally controled for:
- perceived income
- city (dummies) M-FH-g-sq-v-5-d b = +.08 p < .000 b controled for:
- household consumption
- average household consumption (city)
- individual-specific characteristics(as above)
- household-specific characteristics(as above)
- city specific characteristics
- province (dummies)