Journal
JOURNAL OF ECONOMIC PSYCHOLOGY
Volume 34, Issue -, Pages 97-119Publisher
ELSEVIER
DOI: 10.1016/j.joep.2012.11.008
Keywords
Volunteering; Subjective well-being; Personality; Public policy; BHPS
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We apply matching estimators to the large-scale British Household Panel Survey (BHPS) data set to estimate the impact of volunteering on subjective well-being. We take into account personality traits that could jointly determine volunteering behaviour and subjective well-being. We find that the impact of regular volunteering on subjective well-being is positive and increasing over time if regular volunteering is sustained. In a quantile analysis, we find that this effect seems to be driven by reducing the unhappiness of the less happy quantiles of the well-being distribution for those who volunteer regularly. We test the robustness of our findings and discuss their relevance for public policy. (c) 2012 Elsevier B.V. All rights reserved.
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