Social/Capital and Private Philanthropy
This paper examines the relationship between social capital and private philanthropy. It explores theoretically this relationship by expanding upon the voluntary provision of public goods framework to include social capital. Social capital, by enhancing public goods, lowers the cost of giving both time and money. The paper also develops an index of social capital which varies across individuals using data from the 1997 National Survey of Giving, Volunteering and Participating. This index is included as a determinant in an econometric analysis of donations of time and money. We find that social capital increases both types of charitable giving.
|Date of creation:||2004|
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