EconPapers    
Economics at your fingertips  
 

How Much Is It Worth Not Being Alone? An empirical evaluation of social support using the life satisfaction approach in Japan

Masato Yodo and Atsuhiko Uchida

Discussion papers from Research Institute of Economy, Trade and Industry (RIETI)

Abstract: This study attempts to clarify the monetary value of social support, the importance of which is becoming widely recognized in the context of the global spread of COVID-19. Using the Life Satisfaction Approach and data obtained from a nationwide survey in Japan, we estimated that the monetary value of social support can be as high as the average household consumption expenditure for one year, and that the value of life satisfaction gained by providing social support to elderly people who live alone and who do not receive social support can be more than 1 trillion yen. These results suggest that the value of social support is high, and that significant social benefits might accrue from policy-based promotion of social support provision.

Pages: 24 pages
Date: 2022-11
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.rieti.go.jp/jp/publications/dp/22e108.pdf (application/pdf)

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:eti:dpaper:22108

Access Statistics for this paper

More papers in Discussion papers from Research Institute of Economy, Trade and Industry (RIETI) Contact information at EDIRC.
Bibliographic data for series maintained by TANIMOTO, Toko ().

 
Page updated 2023-01-02
Handle: RePEc:eti:dpaper:22108