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Sociability, Altruism and Subjective Well-Being

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  • Becchetti, Leonardo

    () (Associazione Italiana per la Cultura della Cooperazione e del Non Profit)

  • Corrado, Luisa

    () (Associazione Italiana per la Cultura della Cooperazione e del Non Profit)

  • Conzo, Pierluigi

    () (Associazione Italiana per la Cultura della Cooperazione e del Non Profit)

Abstract

We 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 analysis on departures from the xogeneity assumption.

Suggested Citation

  • 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.
  • Handle: RePEc:ris:aiccon:2013_120
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    Cited by:

    1. Leonardo Becchetti & Pierluigi Conzo & Mirko Di Febbraro, 2018. "The Monetary†Equivalent Effect of Voluntary Work on Mental Wellbeing in Europe," Kyklos, Wiley Blackwell, vol. 71(1), pages 3-27, February.
    2. Maria Bachelet & Leonardo Becchetti & Fabiola Ricciardini, 2015. "Not Feeling Well… (True or Exhaggerated ?) Health (un)Satisfaction as a Leading Health Indicator," CEIS Research Paper 336, Tor Vergata University, CEIS, revised 02 Apr 2015.
    3. Francesco Sarracino & Marcin Piekałkiewicz, 0. "The Role of Income and Social Capital for Europeans’ Well-Being During the 2008 Economic Crisis," Journal of Happiness Studies, Springer, vol. 0, pages 1-28.
    4. Lorna Zischka & Mark Casson & Marina Della Giusta, 2016. "'Cast your bread upon the waters, for you will find it after many days.' A BHPS study of the interaction between giving and welfare," Economics Discussion Papers em-dp2016-10, Department of Economics, Reading University.
    5. María Guadalupe Martino, 2020. "Civil Economy: An Alternative to the Social Market Economy? Analysis in the Framework of Individual versus Institutional Ethics," Journal of Business Ethics, Springer, vol. 165(1), pages 15-28, August.

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    More about this item

    Keywords

    sociability; altruism; other-regarding activities; other regarding motivations; life satisfaction; subjective well-being;
    All these keywords.

    JEL classification:

    • 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; Intergenerational Transfers

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