Correlational finding on Happiness and Satisfaction with financial situation
Subject code: I01af05b

StudyBaker (1976): study US 1971
TitleRelationship of Retirement and Satisfaction with Life Events to Locus of Control.
SourceUnpublished PhD Dissertation, University of Wisconsin, 1976, Madison, USA
Public55+ aged males, USA, 1971
Sample
Non-Response
Respondents N =200

Correlate
Author's labelSatisfaction with finances_C
Page in Source 63
Our classificationSatisfaction with financial situation, code I01af05b
Operationalization
Question: How much satisfaction do you get from your 
financial situation?
Rated on 7 point scale ranging from 'completely 
dissatisfied' to 'completely satisfied'.

Observed Relation with Happiness
Happiness
Measure
StatisticsElaboration/Remarks
O-SLW-u-sq-v-7-ar=+.25


Appendix 1: Happiness measures used
CodeFull Text
O-SLW-u-sq-v-7-aSelfreport on single question:

Considering everything, how satisfied are you with your life as whole.....?
7 completely satisfied
6 satisfied
5 mostly satisfied
4 satisfied/dissatisfied
3 dissatisfied
2 very dissatisfied
1 completely dissatisfied


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