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Social Capital and Well-Being in Times of Crisis

Author

Listed:
  • John Helliwell
  • Haifang Huang
  • Shun Wang

Abstract

This paper attempts to show how the quality of the social fabric of a community or nation affects its capacity to deal with crises and to develop human and natural resources in ways that maintain and sustainably improve subjective well-being. Three types of crisis will be used as examples. These include economic crises; transition and other institutional crises; and conflicts over sustainable resource use. The bulk of the new results in this paper relate to economic crises and institutional transitions, and shows that communities and nations with better social capital and trust respond to crises and transitions more happily and effectively. Copyright Springer Science+Business Media Dordrecht 2014

Suggested Citation

  • John Helliwell & Haifang Huang & Shun Wang, 2014. "Social Capital and Well-Being in Times of Crisis," Journal of Happiness Studies, Springer, vol. 15(1), pages 145-162, February.
    • Handle: RePEc:spr:jhappi:v:15:y:2014:i:1:p:145-162
    DOI: 10.1007/s10902-013-9441-z
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    References listed on IDEAS

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    1. Maurice Obstfeld & Dongchul Cho & Andrew Mason (ed.), 2012. "Global Economic Crisis," Books, Edward Elgar Publishing, number 14951.
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    6. John F. Helliwell, 2014. "Understanding and improving the social context of well-being," Chapters, in: Timo J. Hämäläinen & Juliet Michaelson (ed.), Well-Being and Beyond, chapter 5, pages 125-143, Edward Elgar Publishing.
    7. Akerlof George A & Kranton Rachel, 2010. "Identity Economics," The Economists' Voice, De Gruyter, vol. 7(2), pages 1-3, June.
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