The 60s Turnaround as a Test on the Causal Relationship between Sociability and Happiness

Leonardo Becchetti, Elena Giachin Ricca and Alessandra Pelloni

No 209, SOEPpapers on Multidisciplinary Panel Data Research from DIW Berlin, The German Socio-Economic Panel (SOEP)

Abstract: The nexus between social leisure and life satisfaction is riddled with endogeneity problems. In investigating the causal relationship going from the first to the second variable we start from considering that retirement is an event after which the time investable in (the outside job) relational life increases. We instrument social leisure with the probability of retirement of the three and four years younger cohorts. With such approach we document that social leisure has a positive and significant effect on life satisfaction. Our findings shed some light on the age-happiness pattern. Policy implications are also discussed.

Keywords: Life satisfaction; relational goods; social capital (search for similar items in EconPapers)
JEL-codes: A11 A13 D61 I30 (search for similar items in EconPapers)
Pages: 38 p.
Date: 2009
New Economics Papers: this item is included in nep-age, nep-hap and nep-soc
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Citations: View citations in EconPapers (25)

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Related works:
Working Paper: The 60es turnaround as a test on the causal relationship between sociability and happiness (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:diw:diwsop:diw_sp209

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