Relational Goods, Sociability, and happiness

Leonardo Becchetti, Alessandra Pelloni () and Fiammetta Rossetti
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Fiammetta Rossetti: Faculty of Economics, University of Rome "Tor Vergata", http://www.ceistorvergata.it

No 117, CEIS Research Paper from Tor Vergata University, CEIS

Abstract: The role of sociability and relational goods has generally been neglected in the formulation of standard economics textbook preferences. Our findings show that relational goods have significant and positive effects on self declared life satisfaction, net of the impact of other concurring factors. We also document that such effects persist when the equally significant inverse causality nexus is taken into account. This implies that a more intense relational life enhances life satisfaction and, at the same time, happier people have a more lively social life. Finally, we show that gender, age and education matter by showing that the effects of sociability on happiness are stronger for women, older and less educated individuals.

New Economics Papers: this item is included in nep-hap, nep-ltv and nep-soc
Date: 2008-07-14, Revised 2008-07-14
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Working Paper: Relational goods, sociability, and happiness (2008)
Journal Article: Relational Goods, Sociability, and Happiness (2008)
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