IZA Journal of European Labor Studies

Table 15 UK, BHPS, Waves 6-10, 12-18

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

	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)
	All	<40	> = 40	All	<50	> = 50	All	<45	> = 45
Fixed Effects
	Age Split at 40			Age Split at 50			Symmetric Ref Income (-5,+5)
Household income	0.039***	0.061***	0.019**	0.039***	0.053***	0.012	0.039***	0.058***	0.018*
	(6.16)	(6.51)	(2.18)	(6.16)	(6.62)	(1.19)	(6.14)	(6.87)	(1.89)
Comparison income	-0.092**	0.248***	-0.244***	-0.092**	0.276***	-0.353***	-0.082*	0.249***	-0.268***
	(-2.02)	(2.96)	(-4.08)	(-2.02)	(3.93)	(-5.12)	(-1.74)	(3.20)	(-4.02)
Observations	153,189	64,583	88,606	153,189	92,129	61,060	153,189	79,168	74,021
Number of persons	25,681	14,500	14,251	25,681	18,108	10,040	25,681	16,327	12,034
Adj. R-squared	0.0374	0.0418	0.0348	0.0374	0.0420	0.0343	0.0374	0.0423	0.0335

See Table 9. ***p < 0.01, **p < 0.05, *p < 0.1.

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