Sociability and Happiness

Leonardo Becchetti, Alessandra Pelloni and Fiammetta Rossetti

No 44-2007, AICCON Working Papers from Associazione Italiana per la Cultura della Cooperazione e del Non Profit

Abstract: The standard specification of utility functions in economic models usually neglects the effect of sociability on happiness. Our level and first difference panel estimates show that relational goods have significant and positive effects on self declared life satisfaction, net of the impact of standard controls included in these kinds of estimates. The estimation of a panel GMM VAR system shows that such effects remain significant when the inverse causality nexus is taken into account.

Keywords: sociability; happiness; relational goods (search for similar items in EconPapers)
JEL-codes: A13 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2007-06-09
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Citations: View citations in EconPapers (14)

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