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Table 24 UK, BHPS, Waves 6–10, 12-18

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

  (1) (2)
  Pooled OLS Fixed effects
Interacted Model, full sample   
Household income 0.115*** 0.055***
  (15.14) (6.65)
Household income* 45+ −0.060*** −0.038***
  (−5.23) (−3.13)
Comparison income 0.114* 0.112
  (1.70) (1.19)
Comparison income* 25-34 −0.034 0.028
  (−0.53) (0.36)
Comparison income* 35-44 −0.146** −0.007
  (−2.20) (−0.08)
Comparison income* 45-54 −0.036 −0.136
  (−0.43) (−1.18)
Comparison income* 55-64 −0.234*** −0.230**
  (−2.93) (−2.00)
Comparison income* 65-74 −0.296*** −0.375***
  (−3.72) (−3.14)
Comparison income* 75+ −0.152 −0.719***
  (−1.60) (−5.03)
Observations 153,189 153,189
Number of persons 25,681 25,681
Adj. R-squared 0.170 0.0388
  1. Dependent variable: Life-Satisfaction. In addition to the variables listed in Tables 8 and 9, controls for interactions of all explanatory variables with a dummy for being at least 45 are included. Reference group of age groups: under 25. ***p < 0.01, **p < 0.05, *p < 0.1.