Sociability, Altruism and Subjective Well-Being
AbstractWe provide non experimental evidence of the relevance of sociability on subjective wellbeing by investigating the determinants of life satisfaction on a large sample of Europeans aged above 50. We document that voluntary work, religious attendance, helping friends/neighbours and participation to community-related organizations affect positively and significantly life satisfaction. We illustrate the different impact that some sociability variables have on eudaimonic versus cognitive measures of subjective wellbeing. Our empirical findings discriminate among other regarding and self-regarding preferences as rationales explaining such behaviour. We document that different combinations between actions and motivations have different impact on life satisfaction thereby providing support for the relevance of these specific “contingent goods” and to the literature of procedural utility. Our findings are confirmed in robustness checks including refinements of the dependent variable, instrumental variables and sensitivity an alysis on departures from the exogeneity assumption.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University of Turin in its series Department of Economics and Statistics Cognetti de Martiis. Working Papers with number 201314.
Length: 42 pages
Date of creation: May 2013
Date of revision:
Other versions of this item:
- Leonardo Becchetti & Luisa Corrado & Pierluigi Conzo, 2013. "Sociability, Altruism and Subjective Well-Being," Econometica Working Papers wp49, Econometica.
- Leonardo Becchetti & Luisa Corrado & Pierluigi Conzo, 2013. "Sociability, Altruism and Subjective Well-Being," CEIS Research Paper 270, Tor Vergata University, CEIS, revised 29 Mar 2013.
- Leonardo Becchetti & Nazaria Solferino & M. Elisabetta Tessitore, 2014. "Sociability, Altruism and Subjective Well-Being," Econometica Working Papers wp49, Econometica.
- Becchetti, Leonardo & Corrado, Luisa & Conzo, Pierluigi, 2013. "Sociability, Altruism and Subjective Well-Being," AICCON Working Papers 120-2013, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
- A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
- D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
- D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-07-20 (All new papers)
- NEP-EVO-2013-07-20 (Evolutionary Economics)
- NEP-HAP-2013-07-20 (Economics of Happiness)
- NEP-SOC-2013-07-20 (Social Norms & Social Capital)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- D.Dragone, 2005. "Incoerenza Dinamica ed Autocontrollo: Proposta per un'Analisi Interdisciplinare," Working Papers 549, Dipartimento Scienze Economiche, Universita' di Bologna.
- Stefano DellaVigna & M. Daniele Paserman, 2005.
"Job Search and Impatience,"
Journal of Labor Economics,
University of Chicago Press, vol. 23(3), pages 527-588, July.
- Thaler, Richard H & Shefrin, H M, 1981.
"An Economic Theory of Self-Control,"
Journal of Political Economy,
University of Chicago Press, vol. 89(2), pages 392-406, April.
- Jesse M. Shapiro, 2003.
"Is there a Daily Discount Rate? Evidence from the Food Stamp Nutrition Cycle,"
0304005, EconWPA, revised 21 Apr 2003.
- Shapiro, Jesse M., 2005. "Is there a daily discount rate? Evidence from the food stamp nutrition cycle," Journal of Public Economics, Elsevier, vol. 89(2-3), pages 303-325, February.
- Hanming Fang & Dan Silverman, 2007.
"Time-Inconsistency and Welfare Program Participation: Evidence from the NLSY,"
NBER Working Papers
13375, National Bureau of Economic Research, Inc.
- Hanming Fang & Dan Silverman, 2009. "Time-Inconsistency And Welfare Program Participation: Evidence From The Nlsy," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 50(4), pages 1043-1077, November.
- Hanming Fang & Dan Silverman, 2004. "Time-inconsistency and Welfare Program Participation: Evidence from the NLSY," Cowles Foundation Discussion Papers 1465, Cowles Foundation for Research in Economics, Yale University.
- Hoch, Stephen J & Loewenstein, George F, 1991. " Time-Inconsistent Preferences and Consumer Self-Control," Journal of Consumer Research, University of Chicago Press, vol. 17(4), pages 492-507, March.
- Drazen Prelec, 2004. "Decreasing Impatience: A Criterion for Non-stationary Time Preference and "Hyperbolic" Discounting," Scandinavian Journal of Economics, Wiley Blackwell, vol. 106(3), pages 511-532, October.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Piero Cavaleri) or (Marina Grazioli).
If references are entirely missing, you can add them using this form.