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Social capital and Life Satisfaction : A new approach

Author

Listed:
  • Anne Musson

    (ESSCA School of Management, INRAE, SMART-LERECO)

  • Damien Rousselière

    (AGROCAMPUS OUEST, INRAE, SMART-LERECO)

Abstract

Social capital and especially trust are the foundation of most personal relationships and a key factor of many economic and social outcomes. The purpose of this paper is to analyze the impact of social capital on subjective well-being, controlling for individual and national effects. Our original empirical approach addresses the problem of endogeneity between social capital and subjective well-being, using a non-recursive mixed-process model, with bootstrapped standard errors accounting for the sampling design. This strategy also makes it possible to differentiate the specific effects of trust and voluntary association membership on subjective well-being.

Suggested Citation

  • Anne Musson & Damien Rousselière, 2020. "Social capital and Life Satisfaction : A new approach," Economics Bulletin, AccessEcon, vol. 40(1), pages 359-381.
    • Handle: RePEc:ebl:ecbull:eb-19-00351
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    File URL: http://www.accessecon.com/Pubs/EB/2020/Volume40/EB-20-V40-I1-P32.pdf
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    Cited by:

    1. Samira Rousselière & Gaëlle Petit & Thomas Coisnon & Anne Musson & Damien Rousselière, 2022. "A few drinks behind—Alcohol price and income elasticities in Europe: A microeconometric note," Journal of Agricultural Economics, Wiley Blackwell, vol. 73(1), pages 301-315, February.

    More about this item

    Keywords

    Associations; life satisfaction; social capital; trust; subjective well-being; wealth;
    All these keywords.

    JEL classification:

    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • Z1 - Other Special Topics - - Cultural Economics

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