From: Testing the tunnel effect: comparison, age and happiness in UK and German panels
(1) | (2) | (3) | |
---|---|---|---|
All | <45 | > = 45 | |
Fixed Effects | |||
Household income | 0.38*** | 0.32*** | 0.43*** |
(14.42) | (9.02) | (10.29) | |
Comparison income | −0.01 | 0.13 | −0.11 |
(−0.09) | (0.97) | (−0.84) | |
Observations | 56,456 | 23,562 | 32,894 |
Number of persons | 8,932 | 4,812 | 5,165 |
Adj. R-squared | 0.0574 | 0.0635 | 0.0521 |