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On the Causal Impact of Relational Goods on Happiness

Author

Listed:
  • 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

Suggested Citation

  • Leonardo Becchetti & Elena Giachin Ricca & Alessandra Pelloni, 2008. "On the Causal Impact of Relational Goods on Happiness," Rivista di Politica Economica, SIPI Spa, vol. 98(5), pages 199-232, September.
  • Handle: RePEc:rpo:ripoec:v:98:y:2008:i:5:p:199-232
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Antje Mertens & Miriam Beblo, 2016. "Self-Reported Satisfaction and the Economic Crisis of 2007–2010: Or How People in the UK and Germany Perceive a Severe Cyclical Downturn," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 125(2), pages 537-565, January.
    2. Sabatini Fabio, 2011. "Can a click buy a little happiness? The impact of business-to-consumer e-commerce on subjective well-being," wp.comunite 0076, Department of Communication, University of Teramo.
    3. Antje Mertens & Miriam Beblo, 2016. "Self-Reported Satisfaction and the Economic Crisis of 2007–2010: Or How People in the UK and Germany Perceive a Severe Cyclical Downturn," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 125(2), pages 537-565, January.
    4. 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.
    5. Damiano Fiorillo & Nunzia Nappo, 2014. "Job satisfaction in Italy: individual characteristics and social relations," International Journal of Social Economics, Emerald Group Publishing, vol. 41(8), pages 683-704, August.

    More about this item

    Keywords

    life satisfaction; relational goods; social capital;

    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

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