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

IZA Journal of European Labor Studies

Table 22 West Germany, SOEP, 2000-2010

	(1)	(2)
	Pooled OLS	Fixed effects
Interacted Model, full sample
Household income	0.43***	0.21***
	(27.69)	(9.39)
Household income* 45+	0.18***	0.08***
	(8.62)	(2.72)
Comparison income	0.57***	0.33***
	(5.99)	(2.60)
Comparison income* 25-34	−0.48***	−0.29**
	(−4.01)	(−1.98)
Comparison income* 35-44	−0.50***	−0.21
	(−4.78)	(−1.46)
Comparison income* 45-54	−0.86***	−0.52***
	(−8.04)	(−3.45)
Comparison income* 55-64	−0.88***	−0.54***
	(−8.38)	(−3.68)
Comparison income* 65-74	−0.65***	−0.44***
	(−6.23)	(−2.91)
Comparison income* 75+	−0.53***	−0.55***
	(−4.40)	(−3.05)
Observations	156,194	156,194
Number of persons	26,711	26,711
Adj. R-squared	0.204	0.0615

Dependent variable: Life-Satisfaction. In addition to the variables listed in Tables 3 and 5, controls for interactions of all explanatory variables with a dummy for being older than 44 are included. Reference group of age groups: 18–24. ***p < 0.01, **p < 0.05, *p < 0.1.