(Answer Available in Appendix D) Does saving money lead to happiness? Does this relationship hold for all countries? Using the WVS dataset, run a regression equation using HAPPY as the dependent...


(Answer Available in Appendix D) Does saving money lead to happiness? Does this relationship hold for all countries? Using the WVS dataset, run a regression equation using HAPPY as the dependent variable and three independent variables: FAMSAV, COUNTRY2CAT, and the interaction between FAMSAV and COUNTRY2CAT. Describe your results by calculating predicted percentage happiness for four examples:


■ a European country where no one saves


■ a European country where 60% of the country saves


■ an Asian/African country where no one saves


■ an Asian/African country where 60% of the country saves



May 22, 2022
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