The 60es turnaround as a test on the causal relationship between sociability and happiness

Leonardo Becchetti, Elena Giachin Ricca and Alessandra Pelloni
Additional contact information
Elena Giachin Ricca: University of Rome Tor Vergata

No wp07, Econometica Working Papers from Econometica

Abstract: The nexus between relational life and life satisfaction is riddled with endogeneity problems. By investigating the causal relationship going from the first to the second variable we consider that retirement is a shock which increases the time investable in (outside job) relational life. As a consequence we instrument investment in relational goods with the aggregate exogenous age-retirement pattern. With such approach we document that investment in relational life has a positive and significant effect on life satisfaction. Consequences of our findings in terms of retirement effects and age-happiness pattern are also discussed.

Keywords: life satisfaction; relational goods; social capital (search for similar items in EconPapers)
JEL-codes: A11 A13 D61 I30 (search for similar items in EconPapers)
Pages: 43
Date: 2009-02
New Economics Papers: this item is included in nep-age, nep-hap and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (24)

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Working Paper: The 60s Turnaround as a Test on the Causal Relationship between Sociability and Happiness (2009)
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