On the Causal Impact of Relational Goods on Happiness

Becchetti LeonardoGiachin Ricca ElenaPelloni Alessandra
CEIS Research Paper
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.
Number: 151
Keywords: life satisfaction; relational goods; social capital.;
JEL codes: I30 - D61 - A11 - A13
Date: Friday, December 4, 2009
Revision Date: Friday, December 4, 2009