Correlational finding on Happiness and subject: Personal income

StudyNettle (2005b): study GB 2000
TitleSocio-Economic Status and Subjective Well-Being.
SourcePaper 2005, New Castle University, UK.
URLhttps://worlddatabaseofhappiness-archive.eur.nl/hap_bib/freetexts/nettle_d_2005.pdf
Public18+ aged, general public, Great Britain, 2000
SampleNon-probability purposive sample
Non-Responsenot reported
Respondents N =11419

Correlate
Author's labelIncome
Page in Source 6,12
Our classificationPersonal income
Operationalization
Observed distributionTake-home income
Remarks
N=7954

Observed Relation with Happiness
Happiness
Measure
StatisticsElaboration/Remarks
O-V-h-sq-n-11-ar=+.03 p < .001
Set Image size:   

O-V-h-sq-n-11-aBeta=+ ns
Beta's controlled for:
- Socio-economic status
- Perconal control


Appendix 1: Happiness measures used
CodeFull Text
O-V-h-sq-n-11-aSelfreport on single question:

Overall, how do you feel your life has turned out so far?
10
9
8
7
6
5
4
3
2
1
0


Appendix 2: Statistics used
SymbolExplanation
BetaSTANDARDIZED REGRESSION COEFFICIENT by LEAST SQUARES (OLS)
Type: test statistic.

Measurement level: Correlates: all metric, Happiness: metric.
Range: [-1 ; +1]

Meaning:
beta > 0 a higher correlate level corresponds to a higher happiness rating on average.
beta < 0 a higher correlate level corresponds to a higher happiness rating on average.
beta = 0 no correlation.
beta = + 1 or -1 perfect correlation.
rPRODUCT-MOMENT CORRELATION COEFFICIENT (Also "Pearson's correlation coefficient' or simply 'correlation coefficient')
Type: test statistic.
Measurement level: Correlate: metric, Happiness: metric
Range: [-1; +1]

Meaning:
r = 0 no correlation ,
r = 1 perfect correlation, where high correlate values correspond with high happiness values, and
r = -1 perfect correlation, where high correlate values correspond with low happiness values.
Source:
Ruut Veenhoven, World Database of Happiness, Collection of Correlational Findings, Erasmus University Rotterdam.
https://worlddatabaseofhappiness.eur.nl