Findings on happiness in Headey et al. (2008): study HU 1996

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
Public16+ aged, general public, Hungary, 1996
Survey nameNot available
 Tarki Panel, which ran from 1992 to 1997. The initial saple size was 8237 respondents aged 16 and over.
SampleProbability simple random sample
 Sample was taken from the Tarki Panel
Respondents N =3055
 N = 3061 for the first two correlations with income and income + wealth. N = 3055 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: All in all, to what degree are you satisfied with your life now? 1 dissatisfied 2 3 4 5 6 7 8 9 10 very satisfied
Author's labelLife satisfaction
Finding used in
nation ranks

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  Food
Equivalised consumption / 1000show  How much one spends on eating, also classified as above ↑
Equivalised Income / 1000show  Household income
Household incomeshow  Absolute 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