کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
971432 1479563 2008 22 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Putting a price tag on friends, relatives, and neighbours: Using surveys of life satisfaction to value social relationships
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Putting a price tag on friends, relatives, and neighbours: Using surveys of life satisfaction to value social relationships
چکیده انگلیسی

There is substantial evidence in the psychology and sociology literature that social relationships promote happiness for the individual. Yet the size of their impacts remains largely unknown. This paper explores the use of shadow pricing method to estimate the monetary values of the satisfaction with life gained by an increase in the frequency of interaction with friends, relatives, and neighbours. Using the British Household Panel Survey, I find that an increase in the level of social involvements is worth up to an extra £85,000 a year in terms of life satisfaction. Actual changes in income, on the other hand, buy very little happiness.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The Journal of Socio-Economics - Volume 37, Issue 4, August 2008, Pages 1459–1480
نویسندگان
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