Table 3.

Perception of economic conditions and life satisfaction using ordinary least square (OLS) fixed-effects regressions

Variables	Model 1	Model 2	Model 3	Model 4
Perceptions of economic conditions	− 0.934***	− 0.516***	− 0.595***	− 0.114
	(0.126)	(0.135)	(0.135)	(0.148)
2008 Economic Crisis			− 0.488***	0.135
			(0.052)	(0.154)
2008 Economic Crisis#perceptions of economic conditions				− 0.988***
				(0.230)
Age		− 0.217***	− 0.150***	− 0.170***
		(0.022)	(0.023)	(0.023)
Age squared		0.002***	0.002***	0.002***
		(0.000)	(0.000)	(0.000)
Secondary education		0.199	0.235	0.239
		(0.284)	(0.285)	(0.285)
Post-secondary non-tertiary		1.193	1.246	1.264*
		(0.777)	(0.764)	(0.759)
Tertiary education		0.652*	0.731**	0.746**
		(0.342)	(0.343)	(0.345)
Own net income (log)		0.172***	0.124**	0.120*
		(0.062)	(0.062)	(0.062)
Single		− 0.204*	− 0.199*	− 0.185
		(0.118)	(0.117)	(0.117)
Divorced/separated/widow		− 0.174	− 0.179	− 0.184
		(0.145)	(0.144)	(0.143)
Part-time		0.130	0.137	0.141
		(0.094)	(0.093)	(0.093)
Unemployed		0.341***	0.368***	0.362***
		(0.111)	(0.111)	(0.112)
Inactive		0.225**	0.230**	0.238**
		(0.099)	(0.100)	(0.099)
Rural		− 0.222*	− 0.167	− 0.189
		(0.119)	(0.119)	(0.119)
Observations	10,451	10,451	10,451	10,451
R-squared	0.010	0.036	0.044	0.047
Number of individuals	4497	4497	4497	4497

Robust standard errors in parentheses

***p < 0.01; **p < 0.05; *p < 0.1