Correlational finding on Happiness and subject: Economic success of farm

StudyMolnar (1985): study US 1981
TitleDeterminants of Subjective Well-Being among Farm Operators.
SourceRural Sociology, 1985, Vol. 50, 141 - 162
PublicFarm operators, Alabama, USA, 1981
Sample
Non-Response29,9%
Respondents N =705

Correlate
Author's labelEconomic constraints
Page in Source 150/156
Our classificationEconomic success of farm
Operationalization
6-item index. The respondents were asked to what extent 
they thought each of the following would hinder or help 
the future survival or growth of their farms, that is, 
their ability to expand or just stay in business: 
a:. Interest rate. 
b. Price of land.
c. Price of hired farm labor. 
d. Availability of labor. 
e. Cost of new technology ormachinery.
f. The price of fuel. 
Rated on a 5-point scale ranging from 'hinder a lot' to 
'help a lot'.

Observed Relation with Happiness
Happiness
Measure
StatisticsElaboration/Remarks
C-BW-cy-sq-l-9-ar=-.17 p < .05
C-BW-cy-sq-l-9-aBeta=-.16 p < .05
 controlled for:
- gross farm sales
- percent farm income
- total family income
- off-farm work days
- wife's work status
- growth plans
- commitment to farming
- land operated
- self-definition
- age
- education

When specified for size of farm:
-small   =-.13
-medium  =-.18
-large   =+.18


Appendix 1: Happiness measures used
CodeFull Text
C-BW-cy-sq-l-9-aSelfreport on single question:

"Here is a picture of a ladder. At the bottom of the ladder is the worst life you might reasonably expect to have. At the top is the best life you might expect to have. Of course, life from week to week falls somewhere in between. Where was your life most of the time during the past year?"
[ 9 ] best life you might expect to have
[ 8 ]
[ 7 ]
[ 6 ]
[ 5 ]
[ 4 ]
[ 3 ]
[ 2 ]
[ 1 ] worst life you might expect to have


Name: Cantril's self anchoring ladder rating (modified version)


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