Impact Of Social Capital On Individual Well-Being In Poland. Proxy-Based Approach
AbstractIn this paper we attempt to quantify the impact of social capital on individual well-being. We follow the Putnam (1995) approach and select five key social capital components to construct a synthetic index for social capital using a multivariate probit model. Social capital is considered as one of the three crucial individual endowments: physical capital, human capital and social capital. The impact of the synthetically constructed social capital index on individual’s well-being is estimated using a Mincer type earning equation. The results show that social capital explains up to 20% of income variation both at individual and household level. However, human capital and physical capital remain the critical determinants of individual income.
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Bibliographic InfoPaper provided by Faculty of Economic Sciences, University of Warsaw in its series Working Papers with number 2010-13.
Length: 26 pages
Date of creation: 2010
Date of revision:
social capital; income; well-being; local community; household;
Find related papers by JEL classification:
- A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-10-30 (All new papers)
- NEP-CWA-2010-10-30 (Central & Western Asia)
- NEP-SOC-2010-10-30 (Social Norms & Social Capital)
- NEP-TRA-2010-10-30 (Transition Economics)
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