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Correlational findings

Study Maxwell (1985): study US 1966

Public
45+ aged males, USA, followed 12 years 1966-1978
Sample
Respondents
N = 1173
Non Response
Assessment
Interview: face-to-face
Highly structured

Correlate

Authors's Label
Absolute post-retirement income
Our Classification
Remarks
T1: 1966 when still working; T2: 1978 retired
Operationalization
Natural logarithm of postretirement income at T2.

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-HL-u-sq-v-3-f Beta = .07 p < .01 T2 income by T2 happiness

Beta controlled for:
- Reasons for retirement
  - health  
  - compulsory plan
  - unemployment
- T1 work situation                       
  - work motivation
  - occupational status (of longest job)
- T2 life situation
  - health problems
  - marital status                       
  - dependents in household         
  - number of years retired
- Race (Black vs white)

Same for blacks and whites

Happiness assessed at T2.