The Social Capital and Health Hypothesis: A Theory and New Empirics Featuring the Norwegian HUNT Data
AbstractWe develop and explore an economic model in which cigarette consumption enhances utility but reduces the probability of survival through the period. Social capital is produced by time spent developing and maintaining social relationships. By requiring time inputs, social capital has an opportunity cost, represented by the wage. Elements exogenous to the subject’s decision making, such as the introduction of city parks, new social clubs, or the influence of local social norms enhance the productivity of time spent in social activity so as to produce utility. This framework is cast deliberately in a compact model so as to reveal fundamental relationships and permit clear comparative static analysis. These are tested in a Norwegian longitudinal data set new to this field of study.
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Bibliographic InfoPaper provided by University of Bergen, Department of Economics in its series Working Papers in Economics with number 04/12.
Length: 25 pages
Date of creation: 19 Apr 2012
Date of revision:
Contact details of provider:
Postal: Institutt for økonomi, Universitetet i Bergen, Postboks 7802, 5020 Bergen, Norway
Web page: http://www.uib.no/econ/en
More information through EDIRC
Social norms and social capital; HUNT data set;
Find related papers by JEL classification:
- I10 - Health, Education, and Welfare - - Health - - - General
- I12 - Health, Education, and Welfare - - Health - - - Health Production
- 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-2012-05-02 (All new papers)
- NEP-HEA-2012-05-02 (Health Economics)
- NEP-SOC-2012-05-02 (Social Norms & Social Capital)
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