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Social Capital or Social Cohesion: What Matters For Subjective Well-Being?

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  • Carlo Klein

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Abstract

The theoretical analysis of the concepts of social capital and of social cohesion shows that social capital should be considered as a micro concept whereas social cohesion, being a broader concept than social capital, is a more appropriate concept for macro analysis. Therefore, we suggest that data on the individual level should only be used to analyze the relationship between social capital, social cohesion indicators and subjective well-being and that they do not allow commenting on the level of social cohesion in a society. For this last type of analyses aggregated indicators of social cohesion have to be computed which is not the issue of this paper. Our empirical analysis is based on individual data for Luxembourg in 2008. In general, our results suggest that investments in social capital generate monetary returns (increased income) and psychic returns (increased subjective well-being) even in a highly developed and multicultural country like Luxembourg. When we are adding on the micro level variables representing the economic domain of social cohesion following Bernard ( 1999 ), then we observe that this domain also has an effect on income and on subjective well-being. Therefore, we recommend including the economic domain in any future analysis using the concept of social cohesion. Copyright Springer Science+Business Media B.V. 2013

Suggested Citation

  • Carlo Klein, 2013. "Social Capital or Social Cohesion: What Matters For Subjective Well-Being?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 110(3), pages 891-911, February.
  • Handle: RePEc:spr:soinre:v:110:y:2013:i:3:p:891-911
    DOI: 10.1007/s11205-011-9963-x
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    References listed on IDEAS

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    1. Stefano Bartolini & Ennio Bilancini & Maurizio Pugno, 2008. "Did the Decline in Social Capital Depress Americans’ Happiness?," Department of Economics University of Siena 540, Department of Economics, University of Siena.
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    Citations

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    Cited by:

    1. Anne Roy & Claudine Offredi & Fiona Ottaviani, 2015. "The Challenges of Participatory Construction of Social Indicators of Well-Being," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 120(3), pages 689-700, February.
    2. repec:spr:soinre:v:137:y:2018:i:1:d:10.1007_s11205-017-1592-6 is not listed on IDEAS
    3. Awaworyi Churchill, Sefa & Smyth, Russell, 2017. "Friendship network composition and subjective wellbeing," EconStor Preprints 158003, ZBW - German National Library of Economics.
    4. repec:eee:soceco:v:68:y:2017:i:c:p:62-78 is not listed on IDEAS
    5. repec:spr:jhappi:v:19:y:2018:i:4:d:10.1007_s10902-017-9859-9 is not listed on IDEAS
    6. repec:spr:soinre:v:132:y:2017:i:3:d:10.1007_s11205-016-1332-3 is not listed on IDEAS
    7. repec:spr:soinre:v:132:y:2017:i:1:d:10.1007_s11205-015-1220-2 is not listed on IDEAS
    8. repec:eee:ecolec:v:137:y:2017:i:c:p:207-219 is not listed on IDEAS
    9. repec:spr:soinre:v:132:y:2017:i:2:d:10.1007_s11205-016-1314-5 is not listed on IDEAS
    10. Christoph Hauser & Urban Perkmann & Sibylle Puntscher & Janette Walde & Gottfried Tappeiner, 2016. "Trust Works! Sources and Effects of Social Capital in the Workplace," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 128(2), pages 589-608, September.

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