Study

Publication
Author(s)	Headey, B.; Muffels, R.; Wooden, M.
Title	Money does not Buy Happiness...Or does it? A Reconsideration Based on the Combined Effects of Wealth, Income and Consumption.
Source	Social Indicators Research, 2008, Vol. 87, 65 - 82
DOI	DOI:10.1007/s11205-007-9146-y
Investigation
Public	15+ aged, general public, Australia 2002
	Earler published as Discussion paper no. 1218 July 2004 IZA
Survey name	Not available
	HILDA panel, which started in 2001 with 13969 individuals aged 15 and over in 7682 households.
Sample	Probability simple random sample
	Samples were taken from the Australian HILDA Panel.
Respondents N =	11755
	N = 1255 for the first two correlations with income and income + wealth. N = 11755 for all other correlations
Non Response	Not available
Assesment	Not available
Happiness measure(s) used

Full text	Selfreport on single question: Now here are some questions concerning how satisfied - or dissatisfied - you are with various things about your life, such as your standard of living, your education etc. To indicate this, would you use this card. If you are extremely SATISFIED with something you would call of the highest number, ten. If you are extremely DISSATISFIED you would mention the lowest number, zero. If you are neither extremely satisfied nor extremely dissatisfied, you would mention some number in between zero and ten - the higher the number, the more satisfied, the lower the number the less satisfied. How satisfied - or dissatisfied - are you with the following? Just read off the number that comes closest to how you feel. We have talked about various parts of your life. Now taking everything into account, how satisfied or dissatisfied are you with your life as a whole? 0 dissatisfied 1 2 3 4 5 6 7 8 9 10 satisfied
Classification	O-SLW-u-sq-n-11-e
Author's label	life satisfaction
Page in publication	7, 10, 1
Finding used in nation ranks	Yes

Author's label		Our subject description
Age	show	Current age (in years)
Bad health	show	Symptoms of bad health
Education(years)	show	Development of one's education
Equivalised household income / 1000	show	Household income
Household income	show	Household income
Household income	show	Total wealth, also classified as above ↑
In working force	show	Current employment status
Net worth	show	Current possessions
Net worth	show	Debts, also classified as above ↑
Partnered	show	Living as married
Partnered	show	Married state (compared to non-married states), also classified as above ↑
Partnered	show	Steady love-relation, also classified as above ↑
R squared	show	Socio-demographic + health
Sex	show	Sex (male vs female)
Unemployed	show	Unemployed involuntary