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Correlational findings

Study Brown & Gray (2014): study AU 2002

Public
16-93 aged general public, Australia, 2002, 2006, 2010
Survey name
AU-HILDA combined waves
Sample
Respondents
N = 27530
Non Response
Assessment
Interview: face-to-face

Correlate

Authors's Label
Ln(Net Wealth)
Our Classification
Remarks
level of household assets minus total debt, where the level of total assets is defined as the summation of the household’s financial and tangible assets and total debt is the summation of secured and unsecured debt.
Distribution
M = 11.894; SD = 4.279
Operationalization
Net wealth is calculated (total value of assets - total value of debt)
-  ln(net wealth), where net wealth is positive -->
-  ln(wealth)=0 , where net wealth is zero
-  - ln(|nw|)  , where net wealth is negative

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-SLW-u-sq-n-11-d b-fix = +.02 p < .000 O-SLW-u-sq-n-11-d Beta-f = +.06 p < .000 Beta-fix calculated by the WDH team

b-fix and Beta-fix controled for:
- income
- age
- educational attainment
- ln(household size)
- marital status
- employment status
- self-reported health status