Does Money Buy Happiness

Do Modern Humans Suffer a Psychological Low in Midlife? Two Approaches (With and Without Controls) in Seven Data Sets

17th March 2017

David G. BlanchflowerDartmouth College, Stirling and NBER Email: david.g.blanchflower@dartmouth.edu

Andrew J. Oswald

University of Warwick UK

Email: andrew.oswald@warwick.ac.uk

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Abstract

Using seven recent data sets, covering 51 countries and 1.3 million randomly sampled people, the paper examines the cross-sectional pattern of psychological well-being from approximately age 20 to age 90. Two conceptual approaches to this issue are possible. Despite what has been argued in the literature, neither is the correct one. They measure different things. One studies raw numbers on well-being and age. This might be termed the descriptive approach. The second studies the patterns in regression equations for well-being (that is, adjusting for other influences). This might be termed the ceteris-paribus analytical approach. The paper applies each and compares the patterns of life-satisfaction and happiness. Using the first method, there is evidence of a midlife low in five of the seven data sets. Using the second method, all seven data sets produce evidence consistent with a midlife low. The explanation for these patterns is currently unknown.

Word count excluding references: 3800 approx.

Keywords: Happiness; aging; well-being; GHQ; mental-health; depression; life-course

Corresponding author: andrew.oswald@warwick.ac.uk.

Address: University of Warwick, Coventry CV4 7AL, United Kingdom.

Telephone: (+44) 02476 523510

Do Modern Humans Suffer a Psychological Low in Midlife? Two Approaches (With and Without Controls) in Seven Data Sets

Life satisfaction is stable across age groups.

Diener et al. (1999)

1. Introduction

What is the pattern of mental well-being at different ages in the human life-course? This important question is relevant to scientific researchers across a wide range of disciplines.

One way to tackle the question is to use longitudinal data sets in which people are followed through their lives. This has many advantages. It also has the potential disadvantage that, at the time of writing, such data sets tend to be fairly small and not to extend over a long span of adult life. Moreover, some human beings may become disenchanted with being interviewed and, in a free country, cannot be forced to stay in a longitudinal sample. Those who drop out of a longitudinal survey may not do randomly. If such attrition is then biased, in ways that are important to an investigators inquiry, the patterns observed in the remaining sample of individuals will give misleading answers.

As an example, the longitudinal British Election Study Wave 9 asked respondents after the EU referendum how they voted. In the survey a small majority of the respondents reported that they voted to leave by a margin of 49.5% to 50.5% for remain. This contrasted with the actual outcome of 51.9% for Leave. The head of the BES Professor Ed Fieldhouse told us in private communication that this is because a known bias in the sample which is that politically interested people are more likely to respond/remain in the study.

Another way to study such a question is to use cross-sectional data sets. This is a snapshot approach (to use the term adopted in Stone et al. 2010). It has some advantages, including simplicity, and the ability to examine large cross-national samples. It has the disadvantages that it may be subject to year-of-birth cohort effects and that, more broadly, the statistical information about ageing then comes from cross-person rather that within-person observation. Any such cohort effects are themselves, in principle, of scientific interest.

Nearly two decades ago, Diener, Suh, Lucas, and Smith (1999) concluded, largely with cross-sectional evidence, that well-being and quality of life are essentially independent of age. They illustrated that view with a flat line (in their Figure 3). Monographs at that time, such as Argyle (2001), were typically similar. To our knowledge, most textbooks in social psychology continue to teach students the same broad conclusion.

This paper argues that the traditional view does not do justice to current evidence. It examines data on 1.3 million randomly sampled individuals across a large number of nations. The paper brings together seven cross-sectional data sets, treats them in a statistically consistent way, and plots the results. It implicitly argues that it is natural for researchers to try to understand the patterns in pooled cross-sectional data sets as well as those in longitudinal data set sets.

The background literature is large and, currently, a shade disputatious (Baird et al. 2010, Blanchflower and Oswald 2008, Carstensen et al. 2011, Charles et al. 2001, Easterlin 2003, 2006, Frey and Stutzer 2002, Frijters and Beaton 2012, Glenn 2009, Graham and Pozuelo 2017, Hellevik 2017, Hudson et al. 2016, Lachman 2015, Mroczek and Kolanz 1998, Mroczek and Spiro 2005, Shields and Wheatley Price 2005, Stone et al. 2010, Steptoe et al. 2015, Wunder et al. 2013, Schwandt 2016). Easterlin (2006) is a particularly important paper. Controlling for year of birth, it finds evidence of a hill-shape in well-being over the life cycle. It uses pooled General Social Survey data from the United States. A recent review by Ulloa et al. (2013) goes as far as to draw the conclusion that extant studies show either a U-shaped, inverted U-shaped or linear relation between ageing and subjective well-being. Other studies, such as Lachman (2015), come close to arguing that there may be a midlife dip but that it is too small to be significant.

2. Analysis

Within the cross-section tradition, two broad ways to analyze the papers scientific issue can be found in the literature. Despite what is sometimes argued (such as in Glenn 2009 and Hellevik 2017), it is not natural to see either approach as the right or wrong one. The reason is that they measure different things.

One set of writings has attempted to study raw numbers on well-being and age. This might be called the descriptive approach. A second, including Blanchflower and Oswald (2008), has examined the patterns in regression equations for well-being (that is, adjusting for other influences). This might be termed the ceteris-paribus analytical approach. Methods of the latter kind are standard in epidemiology and economics, for example, where the tradition has been to try to understand the consequences of an independent variable (smoking, income, etc) after adjusting for other influences on the dependent variable.

The descriptive approach measures the total, or reduced-form, effect of age. By contrast, the ceteris-paribus analytical approach measures the marginal effect of age after controlling for other socio-economic influences. For example, as people move from their 20s to their 50s, they typically become considerably richer. Say, for illustrative purposes, they also become happier. The descriptive approach would then ascribe the possible rise in their happiness over that period as due to age. The analytical approach would divide the possible rise in happiness into two components that coming from income per se and any residual effect from ageing per se. In principle, neither of these approaches is better than the other. Which is the more appropriate, in a particular empirical setting, will depend on the exact research question being addressed by the investigator.

The papers later analysis is an attempt to compare these two. It looks at:

Estimates of the well-being-age relationship both with and without adjustments for the other influences on well-being;

Samples of adults up to the age of 90 (after which extreme ill-health becomes prevalent: we are doubtful that many researchers believe that humans are happy in the final few years of life: Evidence is provided by Gerstorf et al. 2010);

Estimates that do not adjust for peoples incomes (that is, it is not one of the controls), partly to be comparable with most of the literature, and partly because in some of the seven data sets there are no data on earnings;

Statistical analysis that uses a set of individual age-year dummy variables (more than 70 individual dummy variables), to ensure that the data are able to follow any pattern, so that no particular mathematical form is artificially forced on the data.

It will become apparent below that the well-known papers of Easterlin (2006) and Glenn (2009), which are sometimes taken as key ones that shed doubt on the idea of a midlife low, rely on the one data set out of the seven that is rather unrepresentative of patterns in others.

The papers seven data sets provide information on approximately 1.3 million randomly sampled citizens; each person is asked questions about happiness or life satisfaction. These data sets are, respectively, for the United Kingdom, the USA, 36 European countries, 32 European countries, 51 nations around the world, and (again) the USA. We take each in turn, and begin with two data sets collected by official government statistical agencies (the UK Office of National Statistics and the US Centres for Disease Control) in which the random sampling is presumably of reliable quality.

UK (Office for National Statistics data)

Figure 1 plots life-satisfaction data for approximately 416,000 randomly sampled citizens of the United Kingdom. Well-being data are now collected annually as part of official government statistics by the UK Office for National Statistics (ONS). One of those is a measure of citizens overall life satisfaction. The details and sampling methods are discussed at website www.ons.gov.uk/well-being.

Figure 1, and each of the later figures in this paper, lays out two kinds of plots. One is for raw averaged life-satisfaction scores at different ages. This is the descriptive approach, advocated by, for example, Glenn (2009). The other, derived from a regression equation in which other covariates (so-called controls) are included, is the regression-adjusted level of life-satisfaction. This can be thought of as an estimate of the pure or marginal effect of ageing. It can be seen in the Figure that the two curves are similar to one another, so in this case the adjustment for controls does not greatly affect the fundamental conclusions.

What comes out of Figure 1 is a broad, and perhaps surprisingly smooth, pattern. Well-being starts high in youth; it then declines reasonably steadily (apart from a blip around the mid-20s) until approximately the age of 50; it then rises in a hill-like way up to approximately the age of 70; after that it declines slightly until the age of 90.

The covariate controls in this case are gender, race, level of education, marital status, labor market status, region within the UK, and year dummies. The exact sample size is 415, 589 and covers the years 2011 to 2015 inclusive.

USA (BRFSS data)

Figure 2 plots life-satisfaction data for approximately 427,000 randomly sampled citizens of the USA. The data are from the Behavioral Factor Surveillance System, which is a survey run by the US Centres for Disease Control, available through www.cds.gov/brfss. The data are for 2010, which is the most recent year in which the BRFSS asked this question. As before, the Figure lays out two kinds of plots. One is for raw averaged life-satisfaction scores at different ages. The other, derived from a regression equation in which other covariates (so-called controls) are included, is the regression-adjusted level of life-satisfaction. It can be seen, as in Figure 1 for UK data, that the two curves in Figure 2 have some similarities to one another. There is apparently some form of midlife low, although now the adjusted nadir (that is, with controls) is closer to early-40s rather than approximately 50. However, the pattern across all ages in the no-controls case is more wavy with an early dip at the start of peoples 20s. Adjusted well-being in the USA starts high in youth, declines smoothly until the flat part in middle age; it then rises in hill-like way to approximately the age of 70; after that it runs roughly flat, or even fractionally up, until the age of 90.

The controls in this case are gender, race, level of education, marital status, labor market status, disability dummy variable, number of children, and dummy variables for the state the person lives in within the US. The exact sample size is 426, 648.

Europe (Eurobarometer data)

Figure 3 plots life-satisfaction data for approximately 32,000 randomly sampled citizens across a pooled set of 36 Europeans. The data are from the Eurobarometer Survey series, available through www.ec.europa.eu. Figure 3 has the previous form of double plot. One is for raw averaged life-satisfaction scores at different ages. The other is the regression-adjusted level of life-satisfaction. As in Figure 1 for the UK, and to less extent in Figure 2 for the USA, the two curves track each other. Thus, as before, in this case the adjustment for controls does not alter the fundamental result.

What comes out of Figure 3 is a pattern very like the one in Figure 1. Well-being starts high in youth; it falls in a fairly linear way to approximately the mid-50s; as an underlying trend, it then rises in a roughly linear way up to approximately the age of 90. The controls in this case are country dummy variables, gender, level of education, marital status, labor market status, and year dummies. The exact sample size is 32, 857 and is for the year 2016.

Europe (ESS data)

Using a different data set, Figure 4 plots happiness data for approximately 316,000 randomly sampled Europeans. Here the data are from the European Social Survey, available from www.europeansocialsurvey.org. One curve is for raw averaged happiness scores at different ages. The other allows for controls in the equation for happiness. It can be seen in the Figure that the two curves have elements in common. However, allowing for controls gives a more pronounced V shape. Nevertheless, in both of the shapes within Figure 4, well-being starts high in youth; it then drops until approximately the early 50; it then goes up quite strongly in the adjusted case and rather mildly in the raw-data case. The controls in the ESS regression are gender, level of education, marital status, labor market status, country dummy variables, and year dummies. The exact sample size is 316, 509 and covers years 2002 to 2014 inclusive.

Multi-country (ISSP data)

Figure 5 plots happiness data for just over 59,000 randomly sampled citizens from 45 nations of the world. The data come from the International Social Survey Program, available through www.issp.org, and the 41 countries are as follows (Argentina, Australia, Austria, Belgium, Bulgaria, Canada, Chile, China, Taiwan, Croatia, Czech Republic, Denmark, Finland, France, Germany, Hungary, Iceland, N-India, Ireland, Israel, Japan, South Korea (South), Latvia, Lithuania, Mexico, Netherlands, Norway, Philippines, Poland, Portugal, Russia, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Turkey, United Kingdom, United States and Venezuela). Here the unadjusted curve takes a slightly different form: it falls in the usual way until around age 50, but then it runs essentially flat into older age. Despite the evident irregularities, it can be seen in the case with controls that, once more, well-being starts high in youth; it then declines fairly systematically until approximately the age of 50; from then on it rises in a reasonably linear way up to approximately the late 80s. The controls in this case are country dummies, gender, years of education, marital status, and labor market status. The exact sample size is 59,156 and is for the year 2012.

USA (GSS data)

The sixth data set is described in Figure 6. It plots happiness data for approximately 54,000 randomly sampled citizens of the USA. The data are from the long-running General Social Survey of the United States, available at www.gss.norc.org.

In Figure 6, there is a marked difference in shape between the adjusted and unadjusted curves. In the no-controls case, there is almost no sign of a U shape. Instead, the data are more consistent with a flat line (with uneven jumps in it). However, what emerges from Figure 6 once controls are allowed for is a version of a more familiar pattern. There is some sign of a U shape (of a shallow kind) and then a climb up in well-being from approximately the early 50s until the early 70s, after which the trend is nearly flat. The controls in this case are gender, race, level of education, marital status, labor market status, and year dummies. The exact sample size is 54, 532 and covers the years 1972 to 2014 inclusive.

Multi-country (Latino Barometer data)

Figure 7 plots life satisfaction data for approximately 43,000 randomly sampled citizens from 18 Latin American nations of the world. The data come from the Latino Barometer Program, available through www.latinobarometro.org, and the 18 countries are Argentina, Bolivia, Brazil, Canada, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru and Venezuela.

Here the unadjusted curve takes a broadly U-shaped, but slightly irregular, form: it falls in the usual way until midlife, and rises somewhat jerkily into older age. It can be seen in the case with controls that once more well-being starts high in youth; after that it declines; the pattern then rises in a nonlinear way up to approximately the late 80s.

The controls in this case are country dummies, gender, years of education, marital status, and labour market status. The sample size is 42,913 and covers years 2013 and 2015.

3. Discussion

Five points seem relevant. First, it is natural to emphasize that, as in most writings in the literature, the data used in this paper are cross-sectional. It might be argued that longitudinal data are, in principle, the desirable kind of testbed. How serious a concern is that? A well-known early paper by Mroczec and Spiro (2005) concludes that well-being is hump-shaped in age, and is thus sometimes quoted as longitudinal evidence against a U pattern, but in fact its data begin from midlife, so an initial rise might be expected. There is a correction for cohort effects in Blanchflower and Oswald (2008), and there are emerging panel results, such as Cheng et al. (2017), in which in four longitudinal data sets a U shape is found. Perhaps the most effective longitudinal evidence against a midlife low is the potentially important work of Galambos, Fang, Krahn, Johnson, Lachman (2015) on Canadian data. It is not currently possible to know why the small number of modern longitudinal studies do not currently agree with one another.

However, there is an important case to be made against the sole use of longitudinal data. What has not often been pointed out in the literature is that longitudinal data sets have a drawback. They face the problem of non-random attrition. In the case of Galambos et al. (2015), for example, half of the sample drop out through time in the study. It remains an open question whether that allows reliable inferences to be drawn (if, as seems plausible, unhappy people decline to answer survey questionnaires, for example).

Moreover, there remains the intriguing intellectual question: why do so many pooled cross-section data sets produce a U shape? It therefore seems appropriate to treat large cross-sectional samples, of the sort used in this papers analysis, as offering one form of evidence that will eventually have to be understood.

Second, perhaps the midlife decline is substantively tiny, even if statistically significant? If so, the data can in practice be viewed as approximately flat through the course of life. That view does not appear to be correct. In our seven data sets, as explained in the Figures, the size of the drop in well-being to the low point in the late 40s is equivalent in magnitude to the influence of a major life event like unemployment or marital separation.

Third, it might be argued, as by Glenn (2009), that it is inappropriate to include covariate controls. It is hard to see why that methodological position -- one that is the opposite of standard practice in some disciplines -- is an inevitable one (the issues is discussed in Blanchflower and Oswald, 2009). In general, scientific researchers do not wish solely to describe the patterns that are observed in the world. This paper suggests that two approaches -- descriptive and analytical -- are possible, that neither is the right one, and that both have their place and, ultimately, have to be reconciled.

Fourth, perhaps a U form is found only for evaluative measures of well-being, and those do not do justice to the complexity of human feelings? Large-scale data sets on experiential or eudemonic measures are rare; more research is needed here. Nevertheless, the Appendix shows in Table A1 that, for a question in the United Kingdom for Worthwhileness of Life, there is again a U-shaped pattern.

Fifth, perhaps the putative midlife low is due to cohort effects? However, it is not easy to see why cohort effects would work in such a similar way in different countries and time periods, and there is other evidence, including some longitudinal, against any simple version of such an explanation. Moreover, any such cohort effects would themselves presumably be important to document and understand.

4. Conclusions

In Figures 1-6, there is much evidence that humans experience a midlife psychological low. The decline in well-being is apparently substantial and not minor (see the footnote below each Figure, which compares to the coefficients on major life events). However, in the interests of scientific completeness, it is important to note exceptions to this conclusion; the paper documents two cases out of seven where if all controls are omitted the dip is not found. Finally, the Appendix documents a U shape for a measure of worthwhileness of life, so the idea of a midlife low does not rest solely on happiness or life-satisfaction data alone.

In the descriptive approach, in which raw data are plotted, five of the seven data sets suggest evidence of a midlife low and some form of U-shape. In the ceteris paribus approach, all seven data sets point to the existence of a midlife low and a U-shaped curve. In this latter case, the regression equations allow for confounding influences -- including education and marriage -- upon happiness and life satisfaction. In this paper, we have studied data up to the age of 90. Sample sizes after this point become small, and non-random, and it would presumably not be sensible to believe that human beings tend to be happy in the few years before they die. We are not able to say why the General Social Survey data set is so different, in its raw patterns than the others. After adjustment, it traces out the same kind of U shape as other sources. The important work of Easterlin (2006) and Glenn (2009), which uses the GSS, has had considerable influence, and is often cited by critics of the idea of U-shaped well-being. It therefore seems important for researchers to know that the pattern in the General Social Survey is unrepresentative of most modern data sets.

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Figure 1. Life Satisfaction Polynomial in Understanding Society ONS Data (United Kingdom; 416,000 observations). Years 2011-2015.

This figure is based on data using the question Overall, how satisfied are you with your life nowadays? scored from zero to 10. To aid in understanding the size of the age effect, the coefficients on marital separation and unemployment in a life-satisfaction equation here are approximately -0.3 and -0.8.

The figure is constructed by estimating a regression equation with approximately 74 separate age dummy variables. These curves are plots of the age coefficients. Because of the large sample sizes, levels of statistical significance in the paper are high, so for clarity the confidence intervals here, and later, are left off the papers figures; they are available upon request.

Figure 2. Life Satisfaction Polynomial in BRFSS Data (USA; 427,000 observations). Year 2010.

This figure is based on data using the question In general, how satisfied are you with your life? Very dissatisfied,., very satisfied. scored from 1 to 4. To aid in understanding the size of the age effect, the coefficients on marital separation and unemployment in a life-satisfaction equation here are approximately -0.3 and 0.3.

Figure 3. Life Satisfaction Polynomial in Eurobarometer Data (36 nations; 32,000 observations). Year 2016.

This figure is based on data using the question On the whole, are you very satisfied, fairly satisfied, not very satisfied,or not at all satisfied with the life you lead ? scored from 1 to 4.

To aid in understanding the size of the age effect, the coefficients on marital separation and unemployment in a life-satisfaction equation here are approximately -0.2 and -0.3.

Figure 4. Life Satisfaction Polynomial in ESS Data (32 European nations; 316,000 observations). Years 2002-2014.

This figure is based on data using the question All things considered, how satisfied are you with your life as a whole nowadays? Extremely dissatisfied,.,extremely satisfied. scored from zero to 10. To aid in understanding the size of the age effect, the coefficients on marital separation and unemployment in a life-satisfaction equation here are approximately -1.0 and -0.6.

Figure 5. Happiness Polynomial in ISSP Data (41 nations; 59,000 observations). Year 2012.

This figure is based on data using the question If you were to consider your life in general, how happy or unhappy would you say you are, on the whole? Completely happy,., fairly unhappy scored from zero to 5. To aid in understanding the size of the age effect, the coefficients on marital separation and unemployment in a happiness equation here are approximately -0.5 and -0.5.

Figure 6. Happiness Polynomial in the GSS Data (USA; 54,000 observations). Years 1972-2014.

This figure is based on data using the question Taken all together, how would you say things are these days would you say that you are very happy, pretty happy, or not too happy? scored from 1 to 3. To aid in understanding the size of the age effect, the coefficients on marital separation and unemployment in a happiness equation here are approximately -0.3 and -0.4.

Figure 7. Life Satisfaction Polynomial in the Latino Barometer Data (18 nations; 43,000 observations). Years 2013 and 2015 pooled.

This figure is based on data using the question Generally speaking, would you say you are satisfied with your life? scored from 1 to 4. To aid in understanding the size of the age effect, the coefficients on marital separation and unemployment in a happiness equation here are approximately -0.1 and -0.2.

APPENDIX MATERIAL

Figure A1. Worthwhileness-of-Life Polynomial in Understanding-Society ONS Data (United Kingdom; 416,000 observations) Years 2011-2015

This figure is based on data using the question Overall, to what extent do you feel the things you do in your life are worthwhile? scored from zero to 10.

Without controls16.017.018.019.020.021.022.023.024.025.026.027.028.029.030.031.032.033.034.035.036.037.038.039.040.041.042.043.044.045.046.047.048.049.050.051.052.053.054.055.056.057.058.059.060.061.062.063.064.065.066.067.068.069.070.071.072.073.074.075.076.077.078.079.080.081.082.083.084.085.086.087.088.089.090.08.1021198.0089053999999967.9259254999999957.70786897.68120087.59067317.53902457.53804427.47924647.57800317.60826947.5823843999999947.59435377.58234117.59635377.57599727.5679948999999857.56861877.5451324999999987.5008642999999957.47577767.45729117.43080417.3699409999999947.33525017.3548948999999857.3171712999999897.29057277.27658787.24682037.22647017.1999307999999927.20812367.18905827.21274887.1882308999999947.183067.17319237.19347277.23461997.25533157.2629982999999947.30862977.35004167.45854547.52077237.62982317.6737867999999977.72519917.78700837.840347.83354347.8320051999999987.85527777.89472947.8669868999999857.8299356999999897.84924017.8219328999999897.8197627.82965737.82986217.7428056999999947.8135043999999917.7609877999999927.76276917.7235497.64054947.64628777.57668937.6810748999999917.53337337.5150217.6564190999999947.615740299999994With controls16.017.018.019.020.021.022.023.024.025.026.027.028.029.030.031.032.033.034.035.036.037.038.039.040.041.042.043.044.045.046.047.048.049.050.051.052.053.054.055.056.057.058.059.060.061.062.063.064.065.066.067.068.069.070.071.072.073.074.075.076.077.078.079.080.081.082.083.084.085.086.087.088.089.090.08.5901128.4313105999999968.3365654000000018.08084388.0126730000000017.91148887.8293478999999977.7851873999999947.70282957.7567048999999947.73847847.680485799999997.64946387.587010999999997.5793297.5285349999999877.5055667.4825729999999997.4354597.3867749999999967.3577159999999877.3488599999999977.3035939999999997.2463287.2223129999999947.2414067.2007947.1723599999999997.1763049999999977.1399029999999997.1126797.0922839999999987.0878919999999977.0754237.0992109999999997.0713377.0540349999999877.0523247.0613269999999997.103667.1184619999999977.1351199999999947.177950999999997.225194999999997.3260079999999947.3773937.4862677.5339659999999997.5974773999999947.6586237999999997.7039440999999977.70935897.7111810999999967.75666937.6582545999999887.6414531999999997.6454602999999947.6625333999999887.6627173999999877.6143442999999867.5958113999999947.6260076999999947.5657829999999947.6556298999999967.5707397.687280299999997.5767737.5642889999999947.6302246999999987.4385427.5743329999999987.5515249999999947.5234859999999887.7100335999999967.686851299999994

Age

Without controls18.019.020.021.022.023.024.025.026.027.028.029.030.031.032.033.034.035.036.037.038.039.040.041.042.043.044.045.046.047.048.049.050.051.052.053.054.055.056.057.058.059.060.061.062.063.064.065.066.067.068.069.070.071.072.073.074.075.076.077.078.079.080.081.082.083.084.085.086.087.088.089.090.03.4063509999999993.34910593.3714288999999973.32375033.3302585999999963.3113490999999973.3365828999999983.36268483.3381492999999993.37015983.40149493.4146421999999943.41551633.4127290999999993.39990433.40905923.41273183.41090143.40743963.40354713.3962639999999943.39337543.3907188999999993.3780582999999973.3782750999999973.37925453.36501153.3757025999999993.35559373.34805363.3427582999999983.3384462999999973.3439783.3510871999999983.3355787999999993.34387173.33910493.34297393.34693913.3512727999999983.36733493.3714288999999973.38624023.40488053.42776473.41998713.4392155999999983.4390063999999983.451393.45172883.4688588999999983.44661493.46772463.46319763.45713933.4469789999999983.45503093.44778823.44001473.4338991999999993.42897073.41106373.4361630999999993.44408013.4196882999999983.39319933.3998268999999983.39024423.39113863.38331893.3926541999999943.37791973.3970205With controls18.019.020.021.022.023.024.025.026.027.028.029.030.031.032.033.034.035.036.037.038.039.040.041.042.043.044.045.046.047.048.049.050.051.052.053.054.055.056.057.058.059.060.061.062.063.064.065.066.067.068.069.070.071.072.073.074.075.076.077.078.079.080.081.082.083.084.085.086.087.088.089.090.03.7500643.6666055999999993.66802043.60618253.58397613.53699423.53339513.5365253999999993.4985664999999993.5075573.5248729999999993.5157031999999993.5068478999999993.4989080999999993.47319873.48551933.48052413.4798495999999973.4702820999999993.47179363.46302913.46229013.46316733.4516143.4567576999999983.46778143.46053213.47323453.464743.46195933.4610428999999983.46137213.4716525999999973.47675023.46957043.47409613.4724779999999973.4791183.48307623.48787443.5028006999999993.51019193.52524133.54049423.5600253.54853073.57106053.56500113.57408323.5716263.5900973.56860693.59354673.58856663.58195933.57543773.58563083.58329143.57652333.5754828999999993.57248823.55753383.59219923.59811263.5797026999999993.56101313.57093353.56045673.56929653.56474673.58045753.56804663.5915261

Age

Without controls15.016.017.018.019.020.021.022.023.024.025.026.027.028.029.030.031.032.033.034.035.036.037.038.039.040.041.042.043.044.045.046.047.048.049.050.051.052.053.054.055.056.057.058.059.060.061.062.063.064.065.066.067.068.069.070.071.072.073.074.075.076.077.078.079.080.081.082.083.084.085.086.087.088.089.090.03.2302629999999993.34112133.26778233.17391293.02835043.00252512.98445582.97097612.98177662.9861429999999982.93939382.95913962.99792082.90157462.94178783.00197222.97058812.99445462.9571426999999992.99568952.93874162.96660472.9477912.8580856999999972.96498042.8520406999999892.93171792.9321484999999892.95028662.88149672.8246751999999972.8616820999999992.90942012.8067794999999972.8562990999999972.80599352.8696535999999992.75538452.8273382.8384028999999972.8556698999999962.8014312.70772432.76678432.8540266999999992.88403352.92190462.86434772.8684682999999992.94301452.8580341999999992.9165083999999972.94746362.9638552999999992.94077822.92730482.9042053999999992.9769389999999982.94458422.90296482.93333323.041422.9712228999999992.95098022.93939382.9784480999999962.98876392.97883583.0268454999999893.0360358999999992.97435883.02247182.98550713.0178569999999983.16363623.1290321With controls15.016.017.018.019.020.021.022.023.024.025.026.027.028.029.030.031.032.033.034.035.036.037.038.039.040.041.042.043.044.045.046.047.048.049.050.051.052.053.054.055.056.057.058.059.060.061.062.063.064.065.066.067.068.069.070.071.072.073.074.075.076.077.078.079.080.081.082.083.084.085.086.087.088.089.090.03.2667193.3188125999999983.27710773.26754643.176668499999993.17862813.12161833.13084483.15935433.10778543.09049993.0715881999999993.10527833.03309323.02705073.06662673.03051683.00626463.0149694999999992.9848129999999992.99832893.0104839999999992.95452232.89116492.9823452999999992.92211942.95064372.97391752.9494083999999982.8808921999999992.8913428999999972.8863539999999982.92692242.83790232.8956384999999892.86154282.89030932.81610372.8617872.8613747000000012.90107912.8448899999999992.77165112.83549162.90972882.94793782.94328882.88737092.93162252.98853392.9569709999999982.9531202000000013.00143072.98848032.98211672.9912744999999982.93752113.0194196999999982.9815559999999992.94242193.00471593.06617653.01758613.03192322.96713543.0651892000000013.0345569999999993.03019733.12100973.07304733.0208043.0220580999999983.018772.96094323.1273055000000013.1633182

Age

Without controls16.017.018.019.020.021.022.023.024.025.026.027.028.029.030.031.032.033.034.035.036.037.038.039.040.041.042.043.044.045.046.047.048.049.050.051.052.053.054.055.056.057.058.059.060.061.062.063.064.065.066.067.068.069.070.071.072.073.074.075.076.077.078.079.080.081.082.083.084.085.086.087.088.089.090.07.7664277.6338155999999937.48272047.3650146999999917.1937341999999947.1141400999999947.1568282000000017.01025647.03996536.98699096.9906787.0078696.9644859999999917.01031146.9275562999999936.99235916.8993747999999996.92900426.99761346.87306676.8675970999999946.80736756.85332866.90079516.79829126.8328368999999936.77601416.7448819999999946.718966.7143859999999936.6611480000000016.6827109999999946.6582416.5705016.5709266.5901676.5372586.5046119999999956.5196966.5161296.5778839999999976.5836746.6116926.5875409999999956.7301096.6117286.7397086.7421950000000016.7337486.7110986.738236.77221866.7367126.6667449999999946.5723149999999946.6958139999999936.6199479999999956.6075449999999916.6135039999999956.6369926.6412046.6621959999999896.6076686.5999180000000016.6322536.7314826.6336586.7442446.8214559999999946.8220640999999946.6971679999999946.7182186.9118165999999956.8399122999999956.9019074With controls16.017.018.019.020.021.022.023.024.025.026.027.028.029.030.031.032.033.034.035.036.037.038.039.040.041.042.043.044.045.046.047.048.049.050.051.052.053.054.055.056.057.058.059.060.061.062.063.064.065.066.067.068.069.070.071.072.073.074.075.076.077.078.079.080.081.082.083.084.085.086.087.088.089.090.08.2575748.13762798.01643627.92260167.7821702999999947.6871814999999937.6918568999999947.54128437.51806417.45112087.4024777.3697306999999947.3128603999999957.3199018999999947.2323237.2437527.1529199999999917.1498109999999947.1744789999999947.086017.0633149999999946.9955787.0392317.0672666.9896966.9645479999999946.9497316.919476.8956536.9114786.8778179999999936.9048526.8939699999999996.8139139999999946.8734359999999946.8845209999999936.8269219999999946.8235909999999946.8719896.843156.9342396.9395456.9811596.9987967.130897.0948469999999947.1733977.1700697.2359119999999957.2228359999999937.2521179999999947.29697117.27454657.2610555999999947.2479037.3770258999999947.3140916999999947.3180066999999947.3249468999999887.39584337.41616817.4257501999999997.40070377.4242849999999947.43631737.53627077.45215917.5921225999999947.5973148999999897.5549340999999897.42343847.53561777.6102814999999967.5246124999999957.7123488

Age

Without controls15.016.017.018.019.020.021.022.023.024.025.026.027.028.029.030.031.032.033.034.035.036.037.038.039.040.041.042.043.044.045.046.047.048.049.050.051.052.053.054.055.056.057.058.059.060.061.062.063.064.065.066.067.068.069.070.071.072.073.074.075.076.077.078.079.080.081.082.083.084.085.086.087.088.089.090.05.8636359999999945.47115355.41584125.5487101999999995.4103775.3925841999999915.4124425.43660385.3543474999999985.3671702999999895.31222675.43948265.34902375.3902955.3519087999999995.4205514999999975.3354162999999935.41176435.4035576999999995.36614145.3162965999999985.27922045.24914355.25860435.30982115.24732915.2974448999999935.25549885.21874965.22481315.1375328999999935.16372065.12869535.20815235.2043006999999975.24120145.1506312999999945.1644558999999875.1939447999999945.0636359999999945.1515953999999945.1281549999999885.1197313999999965.1072723999999985.1079541999999915.08064485.1889995999999945.1288098999999935.2345305999999935.22774295.18172755.1925833999999915.1655088999999915.1843707999999955.1605091999999955.16864265.20976985.0682848999999935.1685389999999935.1254015999999935.1016335.11963855.23024795.1105878999999895.1644558999999875.1521031999999965.20284665.1169350999999915.1485144999999915.2135412999999975.15584385.2919703999999985.18487365.13186784.796615.190475799999994With controls15.016.017.018.019.020.021.022.023.024.025.026.027.028.029.030.031.032.033.034.035.036.037.038.039.040.041.042.043.044.045.046.047.048.049.050.051.052.053.054.055.056.057.058.059.060.061.062.063.064.065.066.067.068.069.070.071.072.073.074.075.076.077.078.079.080.081.082.083.084.085.086.087.088.089.090.06.3226149999999896.07092715.98987756.1691020999999956.03801335.97160626.0075843999999896.0081846999999935.91532565.91981285.8594315999999945.92434245.82369775.85356355.80952975.8621955999999895.7571979999999945.7985351999999945.8037847999999945.75028285.7261905999999945.6716148999999945.6399767999999985.6535537999999965.6982445.62964765.6894106999999945.66669355.6276108999999885.6286738999999945.54849345.5741183999999945.5552942999999955.6239519999999935.6284515999999915.6805832999999945.58155035.6025664999999955.6211001999999945.53202975.58364065.5859654999999995.59339195.58089555.5998175999999945.6074358999999875.66820975.64170085.73266435.7313375.7114154999999975.71125885.6851107999999935.7088966999999995.6926507999999955.7269278999999945.7741040999999945.6591761999999965.7575395999999935.75164855.7201945999999935.73595935.8144243999999935.77589985.83197885.8225986999999945.8086193999999995.8038174999999965.76321995.87808745.8235314999999945.90715175.83025225.8321372999999935.53659846.0514475

Age

Without controls18.019.020.021.022.023.024.025.026.027.028.029.030.031.032.033.034.035.036.037.038.039.040.041.042.043.044.045.046.047.048.049.050.051.052.053.054.055.056.057.058.059.060.061.062.063.064.065.066.067.068.069.070.071.072.073.074.075.076.077.078.079.080.081.082.083.084.085.086.087.088.089.02.1122992.10133292.12734042.12278712.12954992.14577482.13822642.16971672.16068332.18832192.20419652.21792572.18102032.1802572.21451572.22098932.21232262.18281342.19100122.20206322.20429142.1998091999999982.18651852.16682512.1955464999999982.1677722.18311252.17386682.18945062.17979982.20594672.15336092.19523222.18973172.1568391999999982.19257492.1903612.12433822.17835862.19021692.1982428999999992.22251962.18455452.18011482.23816112.23495662.26986712.23269472.22966462.2122565999999992.27257752.25704182.3099312.21482842.23134282.23188362.2162693999999982.23980772.21678282.18045072.20596162.19003072.2166062.17036992.26160292.20853032.122342.16883072.1849312.1484372.08823482.1754381With controls18.019.020.021.022.023.024.025.026.027.028.029.030.031.032.033.034.035.036.037.038.039.040.041.042.043.044.045.046.047.048.049.050.051.052.053.054.055.056.057.058.059.060.061.062.063.064.065.066.067.068.069.070.071.072.073.074.075.076.077.078.079.080.081.082.083.084.085.086.087.088.089.02.4687052.45470792.44378672.40462042.38906112.39683272.36121732.39053832.3650858999999992.3864650999999972.39253682.40880632.3718366999999982.36512652.3948081999999942.39018112.3796402999999972.35650572.36768092.3786025999999982.3744415999999992.37074272.36208142.34279862.3679652.34703112.3632594999999982.35251472.38016832.37338222.3816704999999982.3427052999999992.3900168999999992.38251682.3460288999999982.3860435999999982.38849032.33117462.3845732.40442262.4046759999999982.43415742.39633522.3912189999999942.45972152.46755062.49448882.46761332.47331882.45999792.53342622.52068262.5791372.4940603999999992.4921457999999982.5114358999999992.50969072.54061782.52715482.50034212.51722172.5183084999999992.54947392.51158192.59841552.54680922.4910651999999942.53172112.54567492.5260580999999982.46076422.575556699999999

Age

Without controls16.017.018.019.020.021.022.023.024.025.026.027.028.029.030.031.032.033.034.035.036.037.038.039.040.041.042.043.044.045.046.047.048.049.050.051.052.053.054.055.056.057.058.059.060.061.062.063.064.065.066.067.068.069.070.071.072.073.074.075.076.077.078.079.080.081.082.083.084.085.086.087.088.089.090.091.092.093.094.095.096.097.098.099.04.03.25781253.13492063.19720383.2160943.16971283.18285123.19553073.16666673.13916153.08870973.14977173.1122565999999983.15005143.11670763.11017743.12430173.0719913.10859193.07887323.08732063.06852793.07918263.0011393.0912453999999963.03175723.14330712.9596659999999953.05105113.08383232.9885713.05081673.07719933.0112543.00562853.0308883.00966182.9659283.0233013.0555555999999993.0324912.993452.9551892.9587812.9888892.9976662.9767932.9408033.00469483.00279333.0346323.03300333.05369133.01948052.9961392.9656163.09248552.9636363.0355333.0721153999999993.09644672.9718312.9682.9784172.8640783.03571433.22807023.19298253.14893623.15384623.11111113.218753.03.07692313.13.33.57142862.83.33333333.254.04.03.33333332.0With controls16.017.018.019.020.021.022.023.024.025.026.027.028.029.030.031.032.033.034.035.036.037.038.039.040.041.042.043.044.045.046.047.048.049.050.051.052.053.054.055.056.057.058.059.060.061.062.063.064.065.066.067.068.069.070.071.072.073.074.075.076.077.078.079.080.081.082.083.084.085.086.087.088.089.090.091.092.093.094.095.096.097.098.099.02.9776183.13564053.05897933.00372933.00752532.9756112.98183242.99310572.97053432.94628322.90361632.9370492.92017632.94635032.92089792.92963862.93627422.88746162.92577252.8933672.90314592.8902440999999982.9118495999999962.82368282.90869582.8464080999999972.959982.8012530999999982.8798140999999992.9203282.81870742.88419522.90280792.85315992.84706922.88766092.8616435999999982.8336479999999972.8720951999999952.91199612.87730952.8599593999999972.82469342.8224420999999952.8821563999999992.86201122.8325084999999952.82152842.8992422999999962.89103312.94570262.92514052.9366632999999982.91858252.89984772.8769702999999992.97350712.89942572.92212122.9942023.02452062.90097782.9057082.90149432.80438343.01298793.16024023.12169213.08473353.08692093.0707513.08839222.9457962.97297322.9396035999999993.01936963.3920634999999952.82069113.12591033.23227153.5966362.9776183.5748111.818801Without controls16.017.018.019.020.021.022.023.024.025.026.027.028.029.030.031.032.033.034.035.036.037.038.039.040.041.042.043.044.045.046.047.048.049.050.051.052.053.054.055.056.057.058.059.060.061.062.063.064.065.066.067.068.069.070.071.072.073.074.075.076.077.078.079.080.07.8714987.87595957.81655977.6203948999999917.62126967.6413344999999967.6223125999999897.6650808999999877.6560827999999967.74810127.76128137.75333377.79224617.79306497.7977860999999947.78670247.8189957999999947.8149299999999937.8325301999999957.80639147.7758327.77536277.75129357.74479217.6870516999999937.7239175999999937.70103637.6831745999999937.68879767.62820117.6174606999999947.60094217.5983445999999957.5971210999999947.5917110999999997.5989163999999947.59175767.6061067999999967.59665977.61105247.6453449999999947.6262874999999967.7082147.6970357999999917.7803547999999997.7945880999999937.87806597.93068467.95048938.0062319000000018.0341216999999958.0444706999999978.08647028.08145938.12871998.0982498.0555398.03535888.036456200000018.00797417.98468657.99329887.89166157.95049797.8282647With controls16.017.018.019.020.021.022.023.024.025.026.027.028.029.030.031.032.033.034.035.036.037.038.039.040.041.042.043.044.045.046.047.048.049.050.051.052.053.054.055.056.057.058.059.060.061.062.063.064.065.066.067.068.069.070.071.072.073.074.075.076.077.078.079.080.08.3212670000000018.2471903999999978.1725730000000037.9435573000000017.9142125000000017.9199962000000017.8741868999999917.8839467999999997.8527030000000017.9071774000000017.8803205000000017.8418117999999997.8467848999999947.80546947.7932378000000017.7554120000000017.77546117.74971577.75150817.71531947.6798053000000017.6885121999999957.6481607999999987.6442175999999947.5909457000000017.6286669000000017.5987877000000017.5845721999999987.6027841999999937.53875017.5225212999999957.50986827.50162297.50661547.50071727.5047177999999957.49165157.51074417.4953050000000017.5120397999999977.54616247.53623967.6158264999999957.6121888999999887.6944231000000017.70275997.7857315000000017.84512227.8785164999999957.9443228000000017.9692305000000017.9849197999999978.0355234000000018.0482523999999978.1544326000000068.1009543000000018.1429178000000018.08636578.1450640000000017.98700328.0560456000000028.02823267.97567228.0783187999999987.915544000000001

Age