Leonardo Becchetti, Elena Giachin Ricca and Alessandra Pelloni (University of Rome II - Faculty of Economics , University of Rome II and University of Rome II, Department of Economics) have posted On the Causal Impact of Relational Goods on HappinessOn the Causal Impact of Relational Goods on Happiness on SSRN. Here is the abstract:
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We study the effect of relational goods on life satisfaction. We consider that retirement is an event after which the time investable in personal relationships increases so we instrument social life, which we suspect of being endogenous, with the sample proportion of retired by year. With such approach we document that relational goods have a positive and significant effect on life satisfaction.
