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The Compensating Income Variation of Social Capital

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Author Info
Wim Groot ()
Henriette Maassen van den Brink ()
Bernard M.S. van Praag ()

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Abstract

There is a small but growing literature on the determinants of social capital. Most of these studies use a measure of trust to define social capital empirically. In this paper we use three different measures of social capital: the size of the individual’s social network, the extent of their social safety net and membership of unions or associations. A second contribution to the literature is that we analyze what social capital contributes to our well-being. Based on this, we calculate the compensating income variation of social capital. We find differences in social capital when we differentiate according to individual characteristics such as education, age, place of residence, household composition, and health. Household income generally has a statistically significant effect. We find a significant effect of social capital on life satisfaction. Consequently, the compensating income variation of social capital is substantial.

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File URL: http://www.cesifo-group.de/DocCIDL/cesifo1_wp1889.pdf
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Publisher Info
Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number CESifo Working Paper No. 1889.

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Date of creation: 2007
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Handle: RePEc:ces:ceswps:_1889

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Related research
Keywords: social capital; life satisfaction;

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Find related papers by JEL classification:
D10 - Microeconomics - - Household Behavior - - - General
D60 - Microeconomics - - Welfare Economics - - - General

Cited by:
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  1. Jan Fidrmuc & Klarita Gërxhani, 2007. "Mind the Gap! Social Capital, East and West," CEDI Discussion Paper Series 07-10, Centre for Economic Development and Institutions(CEDI), Brunel University. [Downloadable!]
    Other versions:
  2. Rainer Winkelmann, 2009. "Unemployment, Social Capital, and Subjective Well-Being," Journal of Happiness Studies, Springer, vol. 10(4), pages 421-430, August. [Downloadable!] (restricted)
    Other versions:
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This page was last updated on 2009-12-1.

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