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Correlational findings

Study Gray (2014): study DE 2002

Public
Heads of households, Germany, 2002, 2007
Survey name
DE-SOEP
Sample
Respondents
N = 7712
Non Response
Assessment
Interview: face-to-face

Correlate

Authors's Label
Financial concerns
Our Classification
Remarks
1 is defined to be the omitted variable. Binary variables indicating 2 and 3 are included.
Distribution
M = 0,488 SD = 0,5
Operationalization
Self-report on a single question:
What is your attitude towards the following areas - are you concerned about them? Your economic situation.
The verbal answers coded as:
1: not at all concerned (reference)
2: concerned
3: very concerned

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-SLW-c-sq-n-11-d OPRC = -.55 p < .01 FIXED EFFECTS analysis

Concerned      (vs Not)
O-SLW-c-sq-n-11-d OPRC = -1.4 p < .01 Very concerned (vs Not) O-SLW-c-sq-n-11-d OPRC = -.93 p < .01 BIVARIATE analysis (Joint modelling of Life satisfaction and Financial concerns)

Concerned      (vs Not)
O-SLW-c-sq-n-11-d OPRC = -1.9 p < .01 Very concerned (vs Not)

OPRCs controlled for:
- financial situation
  - debt
  - total assets
  - household income
  - net wealth
- social situation
  - marital status
  - household size
  - employment
  - education
- age
- health