In this paper, we attempt to show why the importance of relational goods compared to conventional goods and status … goods threatens to decline in contemporary societies. In our point of view, the development of the relative significance of … these three types of goods is not a consequence of preference changes but of significant alterations in the opportunity …

expenditures on status and social goods, not with spending that focuses on improving one's material well-being. It also …

Previous literature has identified income, poor health and social relationships as the most important predictors of … income and social relationships vary with age in a wave-like fashion, while the negative marginal effect of poor health … increases monotonically and progressively with age. Our results are similar for alternative measures of SWB (life satisfaction …