EconPapers    
Economics at your fingertips  
 

Do Relational Goods Raise Well-Being? An Econometric Analysis

Simona Rasciute, Paul Downward and William Greene
Additional contact information
Simona Rasciute: School of Business and Economics, Loughborough University
Paul Downward: School of Sport and Exercise Sciences, Loughborough University

Eastern Economic Journal, 2017, vol. 43, issue 4, No 1, 563-579

Abstract: Abstract This paper explores the relationship between different types of relational goods and well-being and examines if there is latent/unobserved heterogeneity in this relationship by applying the latent class ordered probit model. This unique contribution to the literature examines if some individuals have a more associative disposition than others which contributes to their subjective well-being through the consumption of relational goods. As well as relational goods that have been well researched, such as marital status and household composition, this paper explores participation in sports, arts and cultural activities, as well as attendance at events or facilities for these activities, heritage visits, volunteering, and gambling.

Keywords: relational goods; social interactions; latent class ordered probit model; unobserved/latent heterogeneity; C25; I31; D31; J12 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (30)

Downloads: (external link)
http://link.springer.com/10.1057/eej.2015.46 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:easeco:v:43:y:2017:i:4:d:10.1057_eej.2015.46

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/41302

DOI: 10.1057/eej.2015.46

Access Statistics for this article

Eastern Economic Journal is currently edited by Allan Zebedee and Cynthia Bansak

More articles in Eastern Economic Journal from Palgrave Macmillan, Eastern Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-03-19
Handle: RePEc:pal:easeco:v:43:y:2017:i:4:d:10.1057_eej.2015.46