This paper explores the relationship between different types of relational goods and well-being and examines if there is latent/unobserved heterogeneity in this relationship by applying the Latent Class Ordered Probit model. This unique contribution to the literature examines if some individuals have a more associative disposition than others which contributes to their subjective well-being through the consumption of relational goods. As well as relational goods that have been well researched, such as marital status and household composition, this paper explores participation in sports, arts and cultural activities, as well as attendance at events or facilities for these activities, heritage visits, volunteering and gambling.
- Sport, Exercise and Health Sciences
Published inEastern Economic Journal
Pages000 - 000
CitationRASCIUTE, S., DOWNWARD, P. and GREENE, W., 2015. Do relational goods raise well-being? An econometric analysis. Eastern Economic Journal, 43 (4), pp. 563–579.
Publisher© Palgrave Macmillan
VersionAM (Accepted Manuscript)
Publisher statementThis work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/
NotesThis is a post-peer-review, pre-copyedit version of an article published in Eastern Economic Journal. The definitive publisher-authenticated version RASCIUTE, S., DOWNWARD, P. and GREENE, W., 2015. Do relational goods raise well-being? An econometric analysis. Eastern Economic Journal, doi: 10.1057/eej.2015.46 is available online at: http://dx.doi.org/10.1057/eej.2015.46