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IZA Journal of European Labor Studies

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.
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