Findings on happiness in Headey et al. (2008): study GB 2000

Publication
Author(s)Headey, B.; Muffels, R.; Wooden, M.
TitleMoney does not Buy Happiness...Or does it? A Reconsideration Based on the Combined Effects of Wealth, Income and Consumption.
SourceSocial Indicators Research, 2008, Vol. 87, 65 - 82
DOIDOI:10.1007/s11205-007-9146-y
Investigation
Public15+ aged, general public, Great Britain, 2000
Survey nameNot available
 BHPS, which started in 1991 with 10300 respondents aged 16 and over in 5500 households.
SampleProbability simple random sample
 Sample was taken from the BHPS Panel
Respondents N =14101
 N = 14439 for the first two correlations with income and income + wealth. N = 14101 for all other correlations
Non ResponseNot available
AssesmentInterview: face-to-face
General remarksEarlier published as: Discussion paper no. 1218 July 2004 IZA
Happiness measure(s) used
Full textSelfreport on single question: We have talked about various parts of your life, now I want to ask you about your life as a whole. How satisfied are you with your life as a whole these days.....? 7 completely satisfied 6 5 4 neutral 3 2 1 completely dissatisfied
ClassificationO-SLW-c-sq-n-7-a
Author's labelLife satisfaction
Page in publication8
Finding used in
nation ranks
Yes

Correlational findings

Author's label Our subject description
Ageshow  Current age (in years)
Bad healthshow  Symptoms of bad health
Education (Years)show  Development of one's education
Equivalised Consumption / 1000show  Current nutrition
Equivalised Consumption / 1000show  Food, also classified as above ↑
Equivalised income / 1000show  Household income
Household incomeshow  Consumption level
Household incomeshow  Household income , also classified as above ↑
Household incomeshow  Total wealth, also classified as above ↑
Household incomeshow  UNCLASSIFIED, also classified as above ↑
In working forceshow  Current employment status
Net worth (ln)show  Current possessions
Net worth (ln)show  Debts, also classified as above ↑
Not namedshow  Socio-demographic + health + social ties
Partneredshow  Living as married
Partneredshow  Married state (compared to non-married states), also classified as above ↑
Partneredshow  Steady love-relation, also classified as above ↑
Sexshow  Sex (male vs female)
Unemployedshow  Unemployed involuntary