Table 3.
Results from Ordered Logit regressions. Absolute income, adaptation, and social comparison versus subjective wellbeing (n=6973)
| [a] | [b] | [c] | [d] | ||
|---|---|---|---|---|---|
| Explanatory variables | |||||
| Absolute income, in logs | 0.443 | 0.348 | 0.281 | 0.258 | |
| (0.059)** | (0.061)** | (0.054)** | (0.100)* | ||
| Adaptation | Worse than 5 years ago | -0.826 | |||
| (0.082)** | |||||
| Better than 5 years ago | 0.569 | ||||
| (0.092)** | |||||
| Social comparison: Self-perceived household position | Worse than other households | -1.214 | |||
| (0.105)** | |||||
| Better than other households | 0.855 | ||||
| (0.106)** | |||||
| Social comparison: | Relative income | 0.177 | |||
| (0.068)** | |||||
| Control variables: Personal characteristics | |||||
| Female | -0.026 | -0.005 | 0.008 | -0.021 | |
| (0.078) | (0.078) | (0.077) | (0.077) | ||
| Age | Age | -0.008 | -0.007 | -0.012 | -0.008 |
| (0.011) | (0.010) | (0.010) | (0.10) | ||
| Age squared | 0.000 | 0.000 | 0.000 | 0.000 | |
| (0.000) | (0.000) | (0.000) | (0.0001) | ||
| Household size | 0.097 | 0.081 | 0.047 | 0.100 | |
| (0.018)** | (0.018)** | (0.018) | (0.018)** | ||
| Married | 0.167 | 0.136 | 0.114 | 0.181 | |
| (0.081)* | (0.072) | (0.078) | (0.081)* | ||
| Education (no schooling omitted) | Primary school | 0.007 | -0.021 | -0.032 | 0.004 |
| (0.074) | (0.072) | (0.077) | (0.074) | ||
| Secondary school | 0.084 | 0.018 | -0.059 | 0.074 | |
| (0.081) | (0.078) | (0.084) | (0.080) | ||
| High education | 0.066 | -0.027 | -0.144 | 0.031 | |
| (0.202) | (0.183) | (0.200) | (0.207) | ||
| Control variables: External factors | |||||
| Illness | -0.410 | -0.350 | -0.370 | -0.406 | |
| (0.087)** | (0.082)** | (0.086)** | (0.087)** | ||
| Work situation | Recently unemployed | -0.179 | -0.111 | -0.074 | -0.171 |
| (0.299) | (0.299) | (0.294) | (0.300) | ||
| Major loss | -0.252 | -0.189 | -0.252 | -0.251 | |
| (0.068)** | (0.063)** | (0.071)** | (0.069)** | ||
| Business | 0.150 | 0.120 | 0.087 | 0.151 | |
| (0.069)* | (0.069) | (0.064) | (0.067)* | ||
| Social capital | Help | 0.208 | 0.127 | 0.091 | 0.206 |
| (0.099)* | (0.093) | (0.092) | (0.098)* | ||
| Trust | 0.450 | 0.428 | 0.448 | 0.457 | |
| (0.093)** | (0.090)** | (0.087)** | (0.095)** | ||
| Bonding capital | 0.057 | 0.085 | 0.056 | 0.057 | |
| (0.082) | (0.081) | (0.078) | (0.082) | ||
| Bridging capital | -0.066 | -0.027 | -0.094 | -0.063 | |
| (0.087) | (0.084) | (0.083) | (0.085) | ||
| Site income inequality | -31.363 | -31.287 | -26.908 | -24.013 | |
| (2.85)** | (2.597)** | (2.776)** | (4.087)** | ||
| R2 | 0.10 | 0.12 | 0.13 | 0.10 | |
Regressions include dummies for site. Standard errors are in parenthesis. *, ** significant at 0.05 and 0.01 levels. Variables are defined in Table 2.