A general equilibrium model is proposed which assumes that firms hire both official and unregistered workers as imperfect substitutes, that entrepreneurs differ in their ability to increase the efficiency of official labour, and that this ability is due to heterogeneous original ability and to...

The paper investigates the relation between social capital and life satisfaction focusing on the distinction between bonding and bridging. Using the latest version of the combined World and European Values Surveys, the authors first address the question of measurement of social capital by means...

Scitovsky is known as a forerunner of behavioural economics simply because he drew heavily on psychology and claimed that people's choices may be "joyless" (Scitovsky, The joyless economy, 1976). However, a careful reformulation of his analysis shows that he anticipated a number of insights...

1. Happiness in economics : the roots and perspectives of a research programme -- 2. Scitovsky's research programme on human welfare -- 3. Enjoying creative activity by developing life skill -- 4. Comfort vs. creative activity as two sources of well-being -- 5. Addiction : from well-being to...

By revisiting Scitovsky's work on well-being, which introduces 'novelty' into the consumer's option set as a peculiar source of satisfaction, this paper finds a number of connections with the recent behavioural economics so as to open new lines on inquiry. First, similarly to behavioural...

This paper explores the relationship between social identity and labor market outcomes of immigrants. Using survey data from Italy, we provide robust evidence that immigrants with stronger feelings of belonging to the societies of both the host and home country have higher employment rates,...