Is Social Capital the Capital of the Poor? The Role of Family and Community in Helping Insure Living Standards against Health Shocks
AbstractWe estimate the effect of social capital on the ability of households to insure consumption after unexpected negative shocks. Many theoretical models argue that strong ties to extended family members and to one's community help protect families when an adult becomes ill or disabled. Using household-level longitudinal data on Indonesian families, we test whether consumption declines less after a negative health shock for those with many ties to their community and for those in a community with dense ties. We take advantage of a particularly rich set of measures of social capital including measures of civic participation; the existence of traditions of mutual cooperation; long-term relationships in the community and ethnic and linguistic diversity. We also examine the role of a large and prosperous extended family. We find little support for the hypothesis that social capital is the capital of the poor. (JEL classification: D12, D13, G21, G22, O16) Copyright 2006, Oxford University Press.
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Bibliographic InfoArticle provided by CESifo in its journal CESifo Economic Studies.
Volume (Year): 52 (2006)
Issue (Month): 3 (September)
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- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
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- Angelucci Manuela & De Giorgi Giacomo & Rangel Marcos & Rasul Imran, 2009.
"Village Economies and the Structure of Extended Family Networks,"
The B.E. Journal of Economic Analysis & Policy,
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- Angelucci, Manuela & De Giorgi, Giacomo & Rangel, Marcos A. & Rasul, Imran, 2009. "Village Economies and the Structure of Extended Family Networks," IZA Discussion Papers 4499, Institute for the Study of Labor (IZA).
- Angelucci, Manuela & De Giorgi, Giacomo & Rangel, Marcos A. & Rasul, Imran, 2009. "Village Economies and the Structure of Extended Family Networks," CEPR Discussion Papers 7496, C.E.P.R. Discussion Papers.
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