Correlational finding on Happiness and Satisfaction with income\finances
Subject code: I01af05

StudyHolloway & Carson (1999): study GB 1990
TitleSubjective Quality of Life, Psychopathology, Satisfacton with Care and Insight: An Exploratory Study.
SourceInternational Journal of Social Psychiatry, 1999, Vol. 45, 259 - 267
PublicMental patients, UK, followed 3 years,1990-1993
SampleNon-probability purposive sample
Non-Response0
Respondents N =70

Correlate
Author's labelFinances
Page in Source 262
Our classificationSatisfaction with income\finances, code I01af05
Operationalization
Selfreport on the follwing questions:  
How satisfied are you with:
-how well-off you are financially?
-the amount of money you have to spend on enjoyment?
Remarks
Satisfaction Subscale of Lancashire Quality of Life 
Profile (LQOLP) [Oliver 1991].

Observed Relation with Happiness
Happiness
Measure
StatisticsElaboration/Remarks
O-DT-u-sqt-v-7-ar=+.30
O-DT-u-sqt-v-7-arpc=+.22 p < .14
rpc controled for depression as measured with Beck 
Depression Inventory


Appendix 1: Happiness measures used
CodeFull Text
O-DT-u-sqt-v-7-aSelfreport on single question, asked twice in interview:

How do you feel about your life as a whole......?
7 delighted
6 pleased
5 mostly satisfied
4 mixed
3 mostly dissatisfied
2 unhappy
1 terrible

Summation: arithmetic mean

Name: Andrews & Withey's "Delighted-Terrible Scale" (original version)
Also known as Lehman's 'Global lifesatisfaction'


Appendix 2: Statistics used
SymbolExplanation
rPRODUCT-MOMENT CORRELATION COEFFICIENT (Also "Pearson's correlation coefficient' or simply 'correlation coefficient')
Type: test statistic.
Measurement level: Correlate: metric, Happiness: metric
Range: [-1; +1]

Meaning:
r = 0 no correlation ,
r = 1 perfect correlation, where high correlate values correspond with high happiness values, and
r = -1 perfect correlation, where high correlate values correspond with low happiness values.
rpcPARTIAL CORRELATION COEFFICIENT
Type: test statistic
Measurement level: Correlate: metric, Happiness: metric
Range: [-1; +1]

Meaning: a partial correlation between happiness and one of the correlates is that correlation, which remains after accounting for the contribution of the other influences, or some of them, to the total variability in the happiness scores.
Under that conditions
rpc > 0 a higher correlate level corresponds with a higher happiness rating,
rpc < 0 a higher correlate level corresponds with a lower happiness rating,
Source:
Ruut Veenhoven, World Database of Happiness, Collection of Correlational Findings, Erasmus University Rotterdam.
https://worlddatabaseofhappiness.eur.nl