Correlational finding on Happiness and Household income
Subject code: I01ab03

StudyGraham et al. (2004): study RU 1995
TitleDoes Happiness Pay? An Exploration Based on Panel Data from Russia.
SourceJournal of Economic Behavior and Organization, 2004, Vol. 55, 319 - 342
DOIDOI:10.1016/j.jebo.2003.09.002
Public10+ aged, general public, Russia, 1995-2000
SampleProbability sample (unspecified)
Non-Response
Respondents N =5269

Correlate
Author's labelLog equivalence income
Page in Source 323,327
Our classificationHousehold income , code I01ab03
Operationalization
Household income in rubles/square root of the number of 
people in the household
Observed distributionT1: M= 7,873 rubles; SD=0,86; T2: M=7,826 rubles; SD=0,81
Remarks
Assessed at T1 (1995) and T2 (2000)
Russia went through major changes in this era, among 
which a financial crisis in 1998

Observed Relation with Happiness
Happiness
Measure
StatisticsElaboration/Remarks
O-SLW-c-sq-v-5-naBeta=+.48
T1: 1995
O-SLW-c-sq-v-5-naBeta=+.39 p < .10
T2: 2000

Beta's controlled for:
- age 
- marital status
- gender
- education level
- minority
- student
- retirement
- housewife
- employment
- self-employed
- health index

T1-T2 difference in Beta: p<.10


Appendix 1: Happiness measures used
CodeFull Text
O-SLW-c-sq-v-5-naSelfreport on single question

Now taking everything into account, how satisfied or dissatisfied are you with your life these days?
5 very satisfied
4 satisfied
3 neither satisfied nor dissatisfied
2 dissatisfied
1 very dissatisfied
- don't know
- no answers

Numerical scale reversed


Appendix 2: Statistics used
SymbolExplanation
Beta STANDARDIZED REGRESSION COEFFICIENT by LEAST SQUARES (OLS)
Type: test statistic.

Measurement level: Correlates: all metric, Happiness: metric.
Range: [-1 ; +1]

Meaning:
beta > 0 a higher correlate level corresponds to a higher happiness rating on average.
beta < 0 a higher correlate level corresponds to a higher happiness rating on average.
beta = 0 no correlation.
beta = + 1 or -1 perfect correlation.
Source:
Ruut Veenhoven, World Database of Happiness, Collection of Correlational Findings, Erasmus University Rotterdam.
https://worlddatabaseofhappiness.eur.nl