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

IZA Journal of European Labor Studies

Table 23 East Germany, SOEP, 2000-2010

	(1)	(2)
	Pooled OLS	Fixed effects
Interacted Model, full sample
Household income	0.61***	0.35***
	(22.50)	(8.84)
Household income* 45+	0.33***	0.09*
	(8.80)	(1.73)
Comparison income	0.32**	0.31
	(1.99)	(1.46)
Comparison income* 25-34	−0.06	−0.23
	(−0.31)	(−0.90)
Comparison income* 35-44	−0.04	−0.16
	(−0.20)	(−0.63)
Comparison income* 45-54	−0.35**	−0.35
	(−1.96)	(−1.39)
Comparison income* 55-64	−0.67***	−0.65**
	(−3.62)	(−2.50)
Comparison income* 65-74	−0.21	−0.24
	(−0.98)	(−0.79)
Comparison income* 75+	−0.01	−0.33
Observations	56,456	56,456
Number of persons	8,932	8,932
Adj. R-squared	0.225	0.0592

Dependent variable: Life-Satisfaction. In addition to the variables listed in Tables 4 and 6, 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.