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Social capital and Life Satisfaction : A new approach

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  • Anne Musson

    (SMART-LERECO - Structures et Marché Agricoles, Ressources et Territoires - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - INSTITUT AGRO Agrocampus Ouest - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement)

  • Damien Rousselière

    (SMART-LERECO - Structures et Marché Agricoles, Ressources et Territoires - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - INSTITUT AGRO Agrocampus Ouest - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement)

Abstract

Social capital and especially trust are the foundation of most personal relationships and a key factor of many economicand 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 endogeneitybetween social capital and subjective well-being, using a non-recursive mixed-process model, with bootstrappedstandard errors accounting for the sampling design. This strategy also makes it possible to differentiate the specificeffects 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," Post-Print hal-02479982, HAL.
    • Handle: RePEc:hal:journl:hal-02479982
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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

    life Satisfaction; Trust; Well-being; Wealth; Association; Social capital;
    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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