Table 4.
Life satisfaction and perception of economic conditions by social background using ordinary least square (OLS) fixed-effects regressions
| Variables | High level | Middle level | Low level | |||
|---|---|---|---|---|---|---|
| Model 1a | Model 2a | Model 1b | Model 2b | Model 1c | Model 2c | |
| Perceptions of economic conditions | − 0.536 | 0.039 | − 0.695*** | − 0.133 | − 0.531** | − 0.145 |
| (0.442) | (0.409) | (0.192) | (0.229) | (0.209) | (0.218) | |
| 2008 Economic Crisis | − 0.319** | 0.354 | − 0.353*** | 0.361* | − 0.652*** | − 0.131 |
| (0.137) | (0.439) | (0.079) | (0.219) | (0.079) | (0.244) | |
| 2008 Economic Crisis#perceptions | − 1.119 | − 1.129*** | − 0.820** | |||
| (0.702) | (0.325) | (0.362) | ||||
| Age | 0.213*** | 0.235*** | − 0.183*** | − 0.205*** | − 0.118*** | − 0.137*** |
| (0.073) | (0.075) | (0.033) | (0.033) | (0.034) | (0.035) | |
| Age squared | 0.002** | 0.002*** | 0.002*** | 0.002*** | 0.002*** | 0.002*** |
| (0.001) | (0.001) | (0.000) | (0.000) | (0.000) | (0.000) | |
| Secondary education | 0.453 | 0.486 | − 0.640* | − 0.656* | 1.084** | 1.100*** |
| (0.526) | (0.554) | (0.381) | (0.386) | (0.432) | (0.427) | |
| Post-secondary non-tertiary | 5.540*** | 5.652*** | − 0.781 | − 0.775 | 1.827* | 1.849** |
| (0.742) | (0.753) | (0.732) | (0.735) | (0.952) | (0.931) | |
| Tertiary education | 1.455* | 1.405 | − 0.497 | − 0.485 | 1.641*** | 1.674*** |
| (0.817) | (0.860) | (0.522) | (0.526) | (0.439) | (0.433) | |
| Net own income (log) | 0.389* | 0.373* | 0.242*** | 0.242*** | − 0.027 | − 0.032 |
| (0.201) | (0.201) | (0.083) | (0.083) | (0.096) | (0.095) | |
| Single | − 0.281 | − 0.275 | 0.003 | 0.033 | − 0.413** | − 0.415** |
| (0.264) | (0.264) | (0.162) | (0.163) | (0.199) | (0.199) | |
| Divorced/separated/widow | 0.467 | 0.453 | − 0.181 | − 0.171 | − 0.322* | − 0.333* |
| (0.398) | (0.404) | (0.247) | (0.244) | (0.188) | (0.188) | |
| Part-time | 0.385 | 0.403 | 0.095 | 0.101 | 0.143 | 0.142 |
| (0.295) | (0.294) | (0.144) | (0.143) | (0.133) | (0.133) | |
| Unemployed | 0.420 | 0.423 | 0.208 | 0.205 | 0.465*** | 0.457*** |
| (0.404) | (0.405) | (0.157) | (0.157) | (0.162) | (0.163) | |
| Inactive | 0.102 | 0.117 | 0.210 | 0.207 | 0.252 | 0.266* |
| (0.311) | (0.308) | (0.134) | (0.134) | (0.160) | (0.159) | |
| Rural | − 0.165 | − 0.291 | − 0.454** | − 0.465*** | 0.117 | 0.097 |
| (0.675) | (0.684) | (0.176) | (0.174) | (0.159) | (0.159) | |
| Observations | 1078 | 1078 | 4383 | 4383 | 4990 | 4990 |
| R-squared | 0.076 | 0.080 | 0.051 | 0.055 | 0.047 | 0.049 |
| Number of individuals | 481 | 481 | 1813 | 1813 | 2203 | 2203 |
Robust standard errors in parentheses
***p < 0.01; **p < 0.05; *p < 0.1