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On the Causal Impact of Relational Goods on Happiness

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Author Info

  • Leonardo Becchetti

    () (University of Rome "Tor Vergata")

  • Elena Giachin Ricca

    () (University of Rome "Tor Vergata")

  • Alessandra Pelloni

    () (University of Rome "Tor Vergata")

Abstract

We study the effect of relational goods on life satisfaction. We consider that retirement is an event after which the time investable in personal relationships increases so we instrument social life, which we suspect of being endogenous, with the sample proportion of retired by year. With such approach we document that relational goods have a positive and significant effect on life satisfaction

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Bibliographic Info

Article provided by SIPI Spa in its journal Rivista di Politica Economica.

Volume (Year): 98 (2008)
Issue (Month): 5 (September-October)
Pages: 199-232

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Handle: RePEc:rpo:ripoec:v:98:y:2008:i:5:p:199-232

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Related research

Keywords: life satisfaction; relational goods; social capital;

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References

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  1. Betsey Stevenson & Justin Wolfers, 2008. "Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 39(1 (Spring), pages 1-102.
  2. Merz, Joachim & Osberg, Lars, 2006. "Keeping in Touch: A Benefit of Public Holidays," IZA Discussion Papers 2089, Institute for the Study of Labor (IZA).
  3. Giacomo Corneo, 2002. "Work and Television," CESifo Working Paper Series 829, CESifo Group Munich.
  4. Andrew E. Clark & Paul Frijters & Michael A. Shields, 2008. "Relative Income, Happiness, and Utility: An Explanation for the Easterlin Paradox and Other Puzzles," Journal of Economic Literature, American Economic Association, vol. 46(1), pages 95-144, March.
  5. Luigino Bruni & Luca Stanca, 2005. "Watching alone: Relational Goods, Television and Happiness," Working Papers 90, University of Milano-Bicocca, Department of Economics, revised Jun 2005.
  6. repec:ese:iserwp:2003-19 is not listed on IDEAS
  7. Blanchflower, David G. & Oswald, Andrew J., 2007. "Is Well-being U-Shaped over the Life Cycle?," The Warwick Economics Research Paper Series (TWERPS) 826, University of Warwick, Department of Economics.
  8. Antoci, Angelo & Sacco, Pier Luigi & Vanin, Paolo, 2004. "Social capital accumulation and the evolution of social partecipation," AICCON Working Papers 5-2004, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
  9. Emanuela Randon & Luigino Bruni & Ahmad Naimzada, 2008. "Dynamics of relational goods," International Review of Economics, Springer, vol. 55(1), pages 113-125, April.
  10. Frijters, Paul & Beatton, Tony, 2012. "The mystery of the U-shaped relationship between happiness and age," Journal of Economic Behavior & Organization, Elsevier, vol. 82(2), pages 525-542.
  11. Jenkins, Stephen P. & Osberg, Lars, 2003. "Nobody to Play With? The Implications of Leisure Coordination," IZA Discussion Papers 850, Institute for the Study of Labor (IZA).
  12. Mundlak, Yair, 1978. "On the Pooling of Time Series and Cross Section Data," Econometrica, Econometric Society, vol. 46(1), pages 69-85, January.
  13. Antonio Magliulo, 2008. "The Austrian School on Happiness and Relational Goods," Working Papers Series wp2008_05.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze dell'Economia e Dell'Impresa.
  14. Clark, Andrew E., 2007. "Born To Be Mild? Cohort Effects Don’t (Fully) Explain Why Well-Being Is U-Shaped in Age," IZA Discussion Papers 3170, Institute for the Study of Labor (IZA).
  15. Aslam, A. & Corrado, L., 2007. "No Man is an Island, the Inter-personal Determinants of Regional Well-Being in Europe," Cambridge Working Papers in Economics 0717, Faculty of Economics, University of Cambridge.
  16. Bert G.M. Van Landeghem, 2008. "Human Well-Being over the Life Cycle: Longitudinal Evidence from a 20-Year Panel," LICOS Discussion Papers 21308, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
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Citations

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Cited by:
  1. Fabio Sabatini, 2011. "Can a click buy a little happiness? The impact of business-to-consumer e-commerce on subjective well-being," EERI Research Paper Series EERI_RP_2011_12, Economics and Econometrics Research Institute (EERI), Brussels.
  2. Damiano Fiorillo & Nunzia Nappo, 2011. "Job satisfaction in Italy: individual characteristics and social relations," Discussion Papers 5_2011, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
  3. Lotito, Gianna & Migheli, Matteo & Ortona, Guido, 2011. "An experimental inquiry into the nature of relational goods," POLIS Working Papers 160, Institute of Public Policy and Public Choice - POLIS.

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