. Author manuscript; available in PMC: 2017 Jul 14.

Published in final edited form as: J Behav Exp Econ. 2014 Nov 15;54:10–21. doi: 10.1016/j.socec.2014.11.002

Table 2.

Single-equation model of the relationship between education and life satisfaction, HILDA Survey 2001–2010.

Dependent variable: life satisfaction	All	Men	Women
Years of education	−0.028^*** (0.007)	−0.026^** (0.011)	−0.025^*** (0.010)
Log of real equivalised household income	0.065^*** (0.007)	0.055^*** (0.010)	0.070^*** (0.009)
Employed	0.033^*** (0.007)	0.095^*** (0.013)	0.005 (0.008)
Married	0.169^*** (0.007)	0.168^*** (0.012)	0.167^*** (0.010)
Total number of children	0.003 (0.009)	−0.017 (0.014)	0.012 (0.013)
No long-term health problems	0.131^*** (0.007)	0.098^*** (0.009)	0.153^*** (0.009)
Female	0.089^*** (0.014)
Age	−0.070^*** (0.004)	−0.086^*** (0.005)	−0.057^*** (0.005)
Age-squared	0.001^*** (0.000)	0.001^*** (0.000)	0.001^*** (0.000)
N	76,622	36,208	40,414

Note:

^***

<1%;

^**

<5%;

<10%.

Robust standard errors are in parentheses. All regressions controlled for gender, age and age-squared, state of residence dummies, and wave dummies. All regressions also allowed for clustering at individual level. All variables are standardized with a mean of zero and a standard deviation of one.