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Social Capital, the Economy and Well-being

In: The Review of Economic Performance and Social Progress 2001: The Longest Decade: Canada in the 1990s

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Author Info
John Helliwell (Professor of Economics at the University of British Columbia)
Abstract

In this chapter, John Helliwell sets the scene for many of the papers that follow by providing an up-to-date and lucid survey of the literature on the impact of social capital on both the economy or economic performance and well-being. This latter term is closely related to the concept of social progress used in this volume. He begins by defining social capital as the networks and norms that facilitate cooperative activities within groups (bonding social capital) and between groups (bridging social capital). Helliwell documents a number of studies that show that social capital actually saves lives. He surveys the literature on subjective well-being, pointing out that unemployment lowers subjective well-being by more than the usual measure of economic cost and certainly more than inflation.

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This chapter was published in: Andrew Sharpe, Executive Director & France St-Hilaire, Vice-President , Research & Keith Banting, Director (ed.) The Review of Economic Performance and Social Progress 2001: The Longest Decade: Canada in the 1990s, Centre for the Study of Living Standards, 2001.

This item is provided by Centre for the Study of Living Standards & The Institutute for Research on Public Policy in its series The Review of Economic Performance and Social Progress with number v:1:y:2001:jh.

Handle: RePEc:sls:repsls:v:1:y:2001:jh

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This chapter was published in the following book, which is listed on IDEAS:

Keywords: Well-being Wellbeing Well Being Social Progress Social Societal Society Values Index Indexes Indices Indicator Indicators Social Capital Happiness Life Satisfaction Subjective Well-being Subjective

Find related papers by JEL classification:
Z13 - Other Special Topics - - Cultural Economics - - - Social Norms and Social Capital; Social Networks Economic Anthropology
I30 - Health, Education, and Welfare - - Welfare and Poverty - - - General

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