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

Debt

Our Classification

Remarks

All financial variables are inflated to the 2007 price levels

Distribution

A: M = 35,989 SD = 136,960; B: M = 33,072 SD = 123,073; C: M = 5,586 SD = 57,018

Operationalization

A: Total Debt
B: Secured debt
C: Unsecured debt

Self report on 2 questions.
B: "If you still have a loan taken out on your house/apartment, how high is the remaining debt (excluding interests)?"
C: " Leaving aside any mortgages on house or property or house-building loan: Do you currently still owe money on loans that you personally  were granted by a bank, other organization, or private individual, and for which you personally are liable? How high are your outstanding debts?
A: B+C

Observed Relation with Happiness