Sociability Predicts Happiness: World-Wide Evidence from Time Series
AbstractWe provide macro evidence that in the long run the trends of social capital are a strong predictor of the trends of subjective well-being. Our measure of social capital is the individual membership in groups or associations. We apply the bivariate methodology used in Easterlin and Angelescu (2009) to investigate the long run relationship between subjective well-being and income. We consider all countries for which there exist comparable long time series on social capital, for a total of 14 developed and 5 developing countries. Moreover, we provide several robustness checks of Easterlin and Angelescu’s analysis, confirming confirming that they are unrelated in the long-term.
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Bibliographic InfoPaper provided by Department of Economics, University of Siena in its series Department of Economics University of Siena with number 579.
Date of creation: Oct 2009
Date of revision:
subjective well-being; life satisfaction; social capital; sociability; relational goods; time-trends;
Find related papers by JEL classification:
- I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare
- D60 - Microeconomics - - Welfare Economics - - - General
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-11-21 (All new papers)
- NEP-HAP-2009-11-21 (Economics of Happiness)
- NEP-SOC-2009-11-21 (Social Norms & Social Capital)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Some new happiness research
by chris dillow in Stumbling and Mumbling on 2009-11-24 14:04:24
- Ca va comme un dimanche...
by obouba in Olivier Bouba-Olga on 2009-11-29 11:45:00
- SARRACINO Francesco, 2011. "Richer in money, poorer in relationship and unhappy? Time series comparisons of social capital and well-being in Luxembourg," CEPS/INSTEAD Working Paper Series 2011-01, CEPS/INSTEAD.
- SARRACINO Francesco, 2011.
"Money, sociability and happiness : are developed countries doomed to social erosion and unhappiness?,"
CEPS/INSTEAD Working Paper Series
- Francesco Sarracino, 2012. "Money, Sociability and Happiness: Are Developed Countries Doomed to Social Erosion and Unhappiness?," Social Indicators Research, Springer, vol. 109(2), pages 135-188, November.
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