"Money does not always buy happiness, but are richer people less happy in their daily lives?
It depends on how you analyze income"
9:00am MST/11:00am EST/5:00pm CET
Do people who have more money feel happier during their daily activities? Some prior research has found no relationship between income and daily happiness when treating income as a continuous variable in OLS regressions, although results differ between studies. We re-analyzed existing data from the United States and Germany, treating household income as a categorical variable and using lowess and spline regressions to explore nonlinearities. Our analyses reveal that these methodological decisions change the results and conclusions about the relationship between income and happiness.
Presented by: Laura Kudrna
The International Society for Quality-of-Life Studies (ISQOLS)
P.O. Box 118
Gilbert, AZ 85299