Generativity, aging and subjective well-being

Leonardo Becchetti and Davide Bellucci
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Davide Bellucci: University of Turin

International Review of Economics, 2021, vol. 68, issue 2, No 1, 184 pages

Abstract: Abstract We show that generativity, intended as the capacity of affecting positively other human lives, has a strong and significant effect on life sense and life satisfaction of individuals aged 50 and above. We define three generativity dimensions: individual generativity power, local generativity power and individual generativity in act. We find that generativity in act (both in its leisure and work dimensions) has a positive and significant effect on subjective well-being. The gross effect is, however, smaller than the net effect since generativity in act is negatively correlated with the internal locus of control (control over one’s own life). Our findings have strong policy implications since generativity affects consumption and saving choices of utility maximizing economic agents and policymakers may create consensus by building generative societies.

Keywords: Life satisfaction; Subjective well-being; Life sense; Generativity (search for similar items in EconPapers)
JEL-codes: A13 B21 D64 I31 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s12232-020-00358-6

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