The compensating income variation of social capital

Wim Groot*, Henriette Maassen van den Brink, Bernard van Praag

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

There is a small but growing literature on the determinants of social capital. Most of these studies use a measure of trust to define social capital empirically. In this paper we use three different measures of social capital: the size of the individual’s social network, the extent of their social safety net and membership of unions or associations. A second contribution to the literature is that we analyze what social capital contributes to our well-being. Based on this, we calculate the compensating income variation of social capital. We find differences in social capital when we differentiate according to individual characteristics such as education, age, place of residence, household composition and health. Household income generally has a statistically significant effect. We find a significant effect of social capital on?life?satisfaction. Consequently, the compensating income variation of social capital is substantial.
Original languageEnglish
Pages (from-to)189-207
JournalSocial Indicators Research
Volume82
Issue number2
DOIs
Publication statusPublished - Jun 2007
Externally publishedYes

Keywords

  • life satisfaction
  • social capital

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