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Do Social Relations Affect Economic Welfare? A Microeconomic Empirical Analysis

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Author Info
Giacomo Degli Antoni (University of Milano-Bicocca)
Abstract

Over 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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Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2007.32.

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Date of creation: Mar 2007
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Handle: RePEc:fem:femwpa:2007.32

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Keywords: Networks Social Interactions Household Economic Welfare Microdata Fuzzy Logic

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Find related papers by JEL classification:
D10 - Microeconomics - - Household Behavior - - - General
Z13 - Other Special Topics - - Cultural Economics - - - Social Norms and Social Capital; Social Networks Economic Anthropology

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