The relationship between social leisure and life satisfaction
AbstractSocial leisure is generally found to be positively correlated with life satisfaction in the empirical literature. We ask if this association captures a genuine causal effect of this good on subjective wellbeing by using panel data from the GSOEP. Fixed effect estimation techniques take care of some but not all of the endogeneity issues involved: we then have recourse to instrumental variables estimation. Our identification strategy exploits the change in social leisure brought about by retirement: more specifically we instrument social leisure with the ratio of retired in the sample by year and geographic location (East vs West Germany). Our results show a gendered difference in the impact of this ratio on social life. Our final message is that social leisure has a positive causal effect on life satisfaction, a finding with potentially important policy implications.
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Life satisfaction; social leisure; retirement;
Find related papers by JEL classification:
- I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
- A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
This paper has been announced in the following NEP Reports:
- NEP-AGE-2010-04-11 (Economics of Ageing)
- NEP-ALL-2010-04-11 (All new papers)
- NEP-HAP-2010-04-11 (Economics of Happiness)
- NEP-LAB-2010-04-11 (Labour Economics)
- NEP-SOC-2010-04-11 (Social Norms & Social Capital)
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- Becchetti, Leonardo & Pisani, Fabio, 2012.
"Family money, relational life and (class) relative wealth: an empirical analysis on life satisfaction of secondary school students,"
AICCON Working Papers
101-2012, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
- Leonardo Becchetti & Fabio Pisani, 2012. "Family money, relational life and (class) relative wealth:an empirical analysis on life satisfaction of secondary school students," Econometica Working Papers wp35, Econometica.
- Leonardo Becchetti & Fabio Pisani, 2012. "Family Money, Relational Life and (Class) Relative Wealth: an Empirical Analysis on Life Satisfaction of Secondary School Students," CEIS Research Paper 223, Tor Vergata University, CEIS, revised 21 Feb 2012.
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