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Table 12 UK, BHPS, Waves 6-10, 12-18

From: Testing the tunnel effect: comparison, age and happiness in UK and German panels

  (1) (2) (3)
  All <45 > = 45
Fixed Effects, age polynomial    
Household income 0.039*** 0.059*** 0.018*
  (6.14) (7.02) (1.89)
Comparison income -0.223*** 0.205*** -0.157***
  (-5.70) (2.59) (-2.88)
Observations 153,189 79,168 74,021
Number of persons 25,681 16,327 12,034
Adj. R-squared 0.0371 0.0422 0.0347
  1. Dependent variable: Life-Satisfaction. Controls for marital status (including cohabiting), children, health status, education, work status, time in panel, year of last interview, household size, age and age squared, wave number, regions and regional unemployment are included. Standard errors clustered at the individual level, robust t-statistics in parentheses. ***p < 0.01, **p < 0.05, *p < 0.1.