Table 4.

Results from Ordered Logit regressions. Dependent variable: subjective wellbeing

		[a]	[b]	[c]	[d]
Africa (n= 3736)
Absolute income, in logs		0.419	0.354	0.287	0.308
		(0.073)**	(0.076)**	(0.067)**	(0.124)*
Adaptation	Worse than 5 years ago		-0.738
			(0.095)**
	Better than 5 years ago		0.620
			(0.114)**
Social comparison: Self-perceived household position	Worse than other households			-1.321
				(0.123)**
	Better than other households			0.660
				(0.108)**
Social comparison:	Relative income				0.115
					(0.087)
Asia (n=2361)
Absolute income, in logs		0.636	0.478	0.389	0.231
		(0.117)**	(0.123)**	(0.099)**	(0.161)
Adaptation	Worse than 5 years ago		-0.982
			(0.200)**
	Better than 5 years ago		0.595
			(0.225)**
Social comparison: Self-perceived household position	Worse than other households			-1.200
				(0.218)**
	Better than other households			1.482
				(0.229)**
Social comparison:	Relative income				0.338
					(0.094)**
Latin America (n=870)
Absolute income, in logs		0.040	-0.048	-0.064	0.016
		(0.101)	(0.079)	(0.110)	(0.231)
Adaptation	Worse than 5 years ago		-0.715
			(0.384)
	Better than 5 years ago		0.448
			(0.165)**
Social comparison: Self-perceived household position	Worse than other households			-0.731
				(0.405)
	Better than other households			0.562
				(0.222)*
Social comparison:	Relative income				0.022
					(0.154)

Regressions include the same control variables (including personal characteristics, external factors, and dummies for site and country) as in Table 3, but those are not reported here. Standard errors are in parenthesis. *, ** significant at 0.05 and 0.01 levels.