Correlational findings

Study Ponomarenko (2019): study ZZ EU 12 2006

50-70 aged, 12 European countries, followed 5 years into retirement, 2006/07-2011/12
Survey name
N = 2163
Non Response
Interview: Computer Assisted Personal Interview (CAPI)


Authors's Label
Household wealth
Our Classification
PPP: purchasing power parity Assessed at: T1:Before retirement (2006/07) T2:After retirement (2011/12)
Related specification variables
Real and financial assets minus mortgage and liabilities. The values are ppp-adjusted to the levels of interview year.
Real assets comprise the value of the main residence, other real estate, own business and cars. Financial assets are included in the form of bank accounts, bonds, stocks, mutual funds, retirement accounts, savings and life insurance.

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-SLu-u-sq-n-11-c b = + CORRELATION BEFORE and AFTER RETIREMENT
T1:Before retirement  b = +.07 (01)
T2:After retirement   b = +.03 (ns)
- Difference              +.04

b controlled for
- employment status
- chronic condition
- household income
- living with partner
- male
- education
- country
O-SLu-u-sq-n-11-c b = +.05 p < .05 T1-T2 CHANGE in happiness by T1-T2 CHANGE in household wealth

b controlled for
- T1 employment status
- T1-T2 CHANGE in chronic condition
- T1-T2 CHANGE in household income
- T1-T2 CHANGE in became not living with partner

b insignificant when only consider the effect of unemployed and additionally controlled for its interaction of country