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Individual perception of accessible social capital and attitude to thrift

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  • Meng-Na Xu
  • Ming-Lin Wang

Abstract

We empirically assess the effects of individual perception of accessible social capital on individual attitude to thrift in this paper, based on the view that social capital serves as an informal insurance. We look at individual-level data from the World Values Survey. After controlling for demographic characteristics as well as wave and country fixed effects, we find that individual perception of accessible social capital does matter. One who is more generally trusting or has a broader social network tends to value thrift less. Copyright Springer Science+Business Media New York 2015

Suggested Citation

  • Meng-Na Xu & Ming-Lin Wang, 2015. "Individual perception of accessible social capital and attitude to thrift," Review of Economics of the Household, Springer, vol. 13(3), pages 487-500, September.
    • Handle: RePEc:kap:reveho:v:13:y:2015:i:3:p:487-500
    DOI: 10.1007/s11150-014-9240-2
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    More about this item

    Keywords

    Thrift; Social capital; Perception; Precautionary saving; Generalized trust; D01; D14; J1;
    All these keywords.

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • J1 - Labor and Demographic Economics - - Demographic Economics

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