IDEAS home Printed from
   My bibliography  Save this paper

Social relations and economic welfare at an individual level


  • Giacomo Degli Antoni

    (University of Parma)


Over the last few years, many studies have shown that social networks are important to the economic progress and the development of societies. In order to explain the determinants of social network formation, it is important to understand the motivations characterising the decisions of single agents with respect to their social behaviour. This paper presents evidence, through Italian microdata representative of the entire Italian population, that the quality and quantity of interpersonal relations of agents can increase their economic welfare. The analysis proposed seems to indicate that individuals also have an economic incentive to invest in social relations. Two proxies of interpersonal relations at an individual level are used. The first one, that is considered as a proxy for formal social relations, reflects the propensity of individuals to participate in different groups. The second one, that is interpreted as a proxy for the informal social relations, reflects the level of satisfaction of personal relationships of single agents with friends. This proxy is very useful to capture the quantitative aspects of informal interpersonal relations and the qualitative ones. Both formal and informal social relations of single agents seem to have a positive effect on their level of household economic welfare. This result proves robust to the inclusion of a variety of control variables and the use of different econometric methods.

Suggested Citation

  • Giacomo Degli Antoni, 2005. "Social relations and economic welfare at an individual level," Others 0503001, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwpot:0503001
    Note: Type of Document - pdf; pages: 42

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    social interactions; social relations and economic welfare;

    JEL classification:

    • P - Economic Systems
    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Z - Other Special Topics


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpot:0503001. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.