Happiness and income how does the income affects happiness?

Abstract

The principal occasion for this case study is the correlation between happiness and income. In the theory of happiness, a positive relationship is observed between them. The research that will follow includes data from the European Social Survey (ESS) for all the countries participating in the questionnaires and for all the years in which they are conducted. A total of 10 questionnaires were administered. The investigations started in 2002 and every two years they were repeated with other people. The last questionnaire that was done and has results is in 2020. The model of the research below has happiness as a dependent variable. As we will observe after using the demographic characteristics where in econometrics, they are considered controlling variables, we will see a positive relationship between income and happiness.