Do Social Relations Affect Economic Welfare? A Microeconomic Empirical Analysis
AbstractOver the last few years, many studies have shown that social networks affect the socioeconomic development. This paper presents evidence, through the Italian microdata representative of the entire Italian population, that the quality and quantity of interpersonal relations of agents can increase their economic welfare. Two proxies of interpersonal relations at an individual level are considered: a proxy for the density and one for the quality of network structure of personal contacts. Both seem to have a positive effect on the level of household economic welfare of agents. This result proves robust to the inclusion of a variety of control variables and to the use of different econometric methods.
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Bibliographic InfoPaper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2007.32.
Date of creation: Mar 2007
Date of revision:
Networks; Social Interactions; Household Economic Welfare; Microdata; Fuzzy Logic;
Find related papers by JEL classification:
- D10 - Microeconomics - - Household Behavior - - - General
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Social and Economic Stratification
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-05-12 (All new papers)
- NEP-HAP-2007-05-12 (Economics of Happiness)
- NEP-SOC-2007-05-12 (Social Norms & Social Capital)
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