Correlational finding on Happiness and Satisfaction with standard of living
Subject code: I01af05e

StudyDiener et al. (2010a): study ZZ 2005
TitleWealth and Happiness across the World: Material Prosperity predicts Life Evaluation, Whereas Psychosocial Prosperity predicts Positive Feeling.
SourceJournal of Personality and Social Psychology, 2010, Vol. 99, 52 - 61
DOIDOI:10.1037/a0018066
Public15+ aged, general public, 132 nations, 2005-2006
SampleProbability multi-stage random
Non-Response
Respondents N =136839

Correlate
Author's labelSatisfaction with standard of living
Page in Source 54-57
Our classificationSatisfaction with standard of living, code I01af05e
Operationalization
Answer to question whether one is satisfied with 
standard of living.
1:yes
2:no

Observed Relation with Happiness
Happiness
Measure
StatisticsElaboration/Remarks
C-BW-c-sq-l-11-cr=+.40 p < .001
C-BW-c-sq-l-11-cBeta=+.21 p < .001
  Beta controled for:
- Psychological needs met.
- Luxury conveniences
- Basic needs unmet
- Relative income
- Log income
- National income (log GDP/capita)


Appendix 1: Happiness measures used
CodeFull Text
C-BW-c-sq-l-11-cSelfreport on single question:

Here is ladder representing the 'ladder of life'. Let's suppose the top of the ladder represents the best possible life for you; and the bottom, the worst possible life for you. On which step of the ladder do you feel you personally stand at the present time?
10 best possible
9
8
7
6
5
4
3
2
1
0 worst possible life

This question was followed (not preceded) by items on life 5 years ago and 5 years from now.


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.
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.
Source:
Ruut Veenhoven, World Database of Happiness, Collection of Correlational Findings, Erasmus University Rotterdam.
https://worlddatabaseofhappiness.eur.nl