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Table 5 West Germany, SOEP, 2000-2010

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

  (1) (2) (3)
  All <45 > = 45
Fixed Effects    
Household income 0.25*** 0.20*** 0.29***
  (14.59) (8.46) (11.55)
Comparison income 0.00 0.21** -0.21**
  (0.07) (2.19) (-2.48)
Observations 156,194 70,355 85,839
Number of persons 26,711 14,700 14,893
Adj. R-squared 0.0603 0.0682 0.0537
  1. Dependent variable: Life-Satisfaction. Controls for marriage, cohabiting, children, health status, education, work status, interview form, time in panel, year of last interview, household size, age group, year of survey, regional unemployment and federal states are included. Standard errors clustered at the individual level, robust t-statistics in parentheses. ***p < 0.01, **p < 0.05, *p < 0.1.