Table 1. Descriptive statistics and baselines changes in life satisfaction by group (N = 8,661).

Variable	Mean	Standard Deviation	Change in life satisfaction by group	Proportion of observations missing (%)
Life satisfaction in 2009/2010	5.18	1.50		0
Life satisfaction in 2006/2007	5.24	1.22		0
Age	46.40	17.34		0.01
Male	0.44	0.50	-0.07
Female	0.56	0.50	-0.05	0
Education
No qualifications	0.25	0.43	-0.16**	0
Degree	0.16	0.37	0.07*	0
Other higher degree	0.07	0.26	0.04	0
A-levels etc.	0.19	0.40	-0.03	0
O-levels etc.	0.26	0.44	-0.05	0
Other qualification	0.05	0.21	-0.16*	0
Missing Education	0.02	0.13	-0.25†	0
Region
London	0.04	0.20	-0.14†	0
The North	0.16	0.36	-0.03	0
Midlands and the East	0.13	0.33	0.02	0
The South	0.04	0.20	-0.02	0
Wales	0.17	0.38	-0.02	0
Scotland	0.18	0.38	-0.03	0
Northern Ireland	0.15	0.36	-0.24**	0
Region missing	0.01	0.04	-0.08	0
Individual recession exposure characteristics
Experienced some unemployment	0.09	0.29	-0.12†	0.24
Change in hours worked	-0.87	13.33		0.22
Log household income change	0.18	0.73		1.64
Pre-recession socio-economic characteristics T-1
Employment Status
Employed	0.51	0.50	0.00	0
Self-employed	0.07	0.26	-0.13*	0
Unemployed	0.03	0.17	0.09	0
Retired	0.20	0.40	-0.13**	0
On maternity leave	0.01	0.07	-0.53†	0
Looking after family	0.07	0.25	-0.09	0
Full-time student	0.04	0.20	-0.27**	0
Long-term sick/disabled	0.04	0.20	-0.03	0
Government training scheme	0.00	0.04	-0.5	0
Doing something else	0.01	0.09	0.11	0
Job status missing/unknown	0.02	0.15	-0.25*	0
Household income (monthly)	2,822	1,896		0
Hours worked	17.82	18.31		0.09
Household size	2.85	1.36		0