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.

Becchetti, L., Rossetti, F., Perroni, A. (2007). Sociability and happiness.

Sociability and happiness

BECCHETTI, LEONARDO;
2007-06-01

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.
en
Becchetti, L., Rossetti, F., Perroni, A. (2007). Sociability and happiness.
Becchetti, L; Rossetti, F; Perroni, A
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2108/347
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