33 Pages Posted: 7 Dec 2009
Date Written: December 4, 2009
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.
Keywords: life satisfaction, relational goods, social capital
JEL Classification: I30, D61 A11, A13
Suggested Citation: Suggested Citation
Becchetti, Leonardo and Giachin Ricca, Elena and Pelloni, Alessandra, On the Causal Impact of Relational Goods on Happiness (December 4, 2009). CEIS Working Paper No. 151. Available at SSRN: https://ssrn.com/abstract=1518406 or http://dx.doi.org/10.2139/ssrn.1518406
By Angus Deaton