The Compensating Income Variation of Social Capital
AbstractThere 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 individualâs 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. This working paper has resulted in a publication in Social Indicators Research , 2007, 82(2), 189-207.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 07-050/3.
Date of creation: 25 Jun 2007
Date of revision:
Contact details of provider:
Web page: http://www.tinbergen.nl
life satisfaction; social capital;
Other versions of this item:
- Wim Groot & Henriette Maassen van den Brink & Bernard M.S. van Praag, 2007. "The Compensating Income Variation of Social Capital," CESifo Working Paper Series 1889, CESifo Group Munich.
- Groot, Wim & Maassen van den Brink, Henriette & van Praag, Bernard M. S., 2006. "The Compensating Income Variation of Social Capital," IZA Discussion Papers 2529, Institute for the Study of Labor (IZA).
This paper has been announced in the following NEP Reports:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Wim Groot & Henriëtte van den Brink, 2003. "Sympathy and the Value of Health: The Spill-over Effects of Migraine on Household Well-being," Social Indicators Research, Springer, vol. 61(1), pages 97-120, January.
- Durlauf,S.N., 2000.
"Bowling alone : a review essay,"
29, Wisconsin Madison - Social Systems.
- Bernard M.S. van Praag & P. Frijters & A. Ferrer-i-Carbonell, 2002.
"The Anatomy of Subjective Well-being,"
Tinbergen Institute Discussion Papers
02-022/3, Tinbergen Institute.
- Ed Diener & Eunkook Suh, 1997. "Measuring Quality Of Life: Economic, Social, And Subjective Indicators," Social Indicators Research, Springer, vol. 40(1), pages 189-216, January.
- John F. Helliwell & Robert D. Putnam, 1999.
"Education and Social Capital,"
NBER Working Papers
7121, National Bureau of Economic Research, Inc.
- Cameron McIntosh, 2001. "Report on the Construct Validity of the Temporal Satisfaction With Life Scale," Social Indicators Research, Springer, vol. 54(1), pages 37-56, April.
- Rainer Winkelmann, 2009.
"Unemployment, Social Capital, and Subjective Well-Being,"
Journal of Happiness Studies,
Springer, vol. 10(4), pages 421-430, August.
- Winkelmann, Rainer, 2006. "Unemployment, Social Capital, and Subjective Well-Being," IZA Discussion Papers 2346, Institute for the Study of Labor (IZA).
- Edward L. Glaeser & David I. Laibson & José A. Scheinkman & Christine L. Soutter, 2000.
The Quarterly Journal of Economics,
MIT Press, vol. 115(3), pages 811-846, August.
- Rati Ram, 2010. "Social Capital and Happiness: Additional Cross-Country Evidence," Journal of Happiness Studies, Springer, vol. 11(4), pages 409-418, August.
- Fidrmuc, Jan & Gërxhani, Klarita, 2008.
"Mind the gap! Social capital, East and West,"
Journal of Comparative Economics,
Elsevier, vol. 36(2), pages 264-286, June.
- 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.
- Jan Fidrmuc & Klarita Gerxhani, 2007. "Mind the Gap! Social Capital, East and West," William Davidson Institute Working Papers Series wp888, William Davidson Institute at the University of Michigan.
- repec:ese:iserwp:2013-26 is not listed on IDEAS
- Cheung, Chau-kiu & Ng, Sik Hung, 2012. "Impacts of financial crisis on social engagement in Hong Kong," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(5), pages 623-632.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Antoine Maartens (+31 626 - 160 892)).
If references are entirely missing, you can add them using this form.