Education Not for Money: An Economic Analysis on Education, Civic Engagement and Life SatisfactionReport as inadecuate




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Many recent theoreticaland empirical findings both in Economics and in Psychology show that, inaddition to the effects on policy outcomes, political participation may affectindividual utility and increase happiness and well-being. In this paper wedevise a theoretical model where the individual utility grows through the civicengagement, which may be enjoyed only with a sufficient level of investment in civic capital accumulated througheducation. We show that investing in education may have important consequencesfor subjective well-being by enhancing civic capacities which are relevant toimprove individual’s civic engagement and social outcomes, even without anymonetary effects. More specifically, we identify a form of non pecuniarybenefits of education represented by the possibility of taking an active andsuccessful part in social and civic life which significantly contribute to lifesatisfaction.

KEYWORDS

Civic Engagement, Education, Life Satisfaction

Cite this paper

Becchetti, L. , Solferino, N. and Tessitore, M. 2016 Education Not for Money: An Economic Analysis on Education, Civic Engagement and Life Satisfaction. Theoretical Economics Letters, 6, 39-47. doi: 10.4236-tel.2016.61006.





Author: Leonardo Becchetti, Nazaria Solferino, M. Elisabetta Tessitore

Source: http://www.scirp.org/



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