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Table 21 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    
Household income 0.039*** 0.058*** 0.018**
  (7.07) (7.76) (2.20)
Comparison income −0.092** 0.247*** −0.287***
  (−2.43) (3.77) (−5.42)
Observations 153,189 79,168 74,021
Number of persons 25,681 16,327 12,034
Adj. R-squared 0.0374 0.0423 0.0336
  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 group, wave number, regions and regional unemployment are included. Standard errors clustered at the level of reference income, robust t-statistics in parentheses. ***p < 0.01, **p < 0.05, *p < 0.1.