Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/150756
Authors: 
Becchetti, Leonardo
Ricca, Elena Giachin
Pelloni, Alessandra
Year of Publication: 
2009
Series/Report no.: 
SOEPpapers on Multidisciplinary Panel Data Research 209
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.
Subjects: 
Life satisfaction
relational goods
social capital
JEL: 
I30
D61
A11
A13
Document Type: 
Working Paper

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