Findings on happiness in Headey & Wooden (2004): study AU 2002

Author(s)Headey, B.; Wooden, M.
TitleThe Effects of Wealth and Income on Subjective Well-Being and Ill-Being.
SourceEconomic Record, 2004, Vol. 80, 24 - 33
Public20-59 aged, general public, Australia, 2002
Survey nameNot available
 HILDA panel, wave 2 The HILDA panel started in 2001 with 13969 individuals aged 15 and over in 7682 households.
SampleSelection from general population sample
 The sample consisted of households selected by a multistage approach. First, 488 Census Collection Districts were selected. Second, within each CD, 22 to 34 dwellings were selected. Finally within each dwelling, up to three household were selected as part of the sample. The sample was restricted to persons of prime working (25-59) years at 30 June 2002. This exclusion seems justified because economic concerns of younger people and retrirees tend to be quite different from the prime age group.
Respondents N =7934
 In the second wave in 2002 interviews were completed with 13041 persons from 7245 household. Almost 12,000 were respondents from wave 1, 87 percent of the wave 1 inividual sample
Non ResponseNot available
AssesmentInterview: face-to-face
Happiness measure(s) used
Full textSelfreport on single question: All things considered, how satisfied are you with your life? Again, pick a number between 0 and 10 to indicate how satisfied you are. 0 totally dissatisfied 1 2 3 4 5 6 7 8 9 10 totally satisfied
Author's labelLife satisfaction
Page in publication7
Finding used in
nation ranks

Correlational findings

Author's labelSubject Code
Subject description
AgeA04abCurrent age (in years)
Disability statusH02abCurrent handicap
Disability statusH02ab02Severity of handicap, also classified as above ↑
Educational AttainmentE01ab02Level of school-education
Employment StatusE02abCurrent employment status
Employment StatusE02ab03Unemployed involuntary, also classified as above ↑
Equivalised income (/1000)I01ab03Household income
Log net worthP12abCurrent possessions
Log net worthP12POSSESSIONS, also classified as above ↑
Not namedS15ab03Socio-demographic + health
PartneredM02acLiving as married
PartneredM02aaMarried state (compared to non-married states), also classified as above ↑
PartneredL19ab04Steady love-relation, also classified as above ↑
SexG01aaSex (male vs female)