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Correlational findings

Study Hochman & Skopek (2013): study DE 2006

Public
50+ aged general public, Germany, 2006
Survey name
SHARE
Sample
Respondents
N = 2390
Non Response
Assessment
Interview: face-to-face

Correlate

Authors's Label
Debts and Wealth
Our Classification
Distribution
M: 1: 11, 2&3: 173, 4: 653;  All: 237
Operationalization
Gross wealth controled for debts, expressed in Euro PPP
1 lowest quartile: poor
2
3
4: highest quartile: rich

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-SLu-u-sq-n-11-c DM = + Poor      M = 7,1
Middle    M = 7,6
Rich      M = 8,o O-SLu-u-sq-n-11-c Beta = -.13 p < .05 POOR (vs two middle quartiles 2&3) O-SLu-u-sq-n-11-c Beta = +.11 p < .05 RICH (vs two middle quartiles 2&3)

Beta' s controlled for:
  - gender
  - household size
  - age
   -migrant status
  - married
  - education
  - child
  - employed, unemployed,
  - homemaker
  - health
  - income O-SLu-u-sq-n-11-c Beta = +.07 ns POOR (vs two middle quartiles) O-SLu-u-sq-n-11-c Beta = +.06 ns RICH (vs two middle quartiles)

Beta's additionally controlled for:
- subjective economic hardship.