Social Status Perception and Individual Social Capital: Evidence from the US

Alessandro Bucciol, Simona Cicognani and Luca Zarri

The B.E. Journal of Economic Analysis & Policy, 2020, vol. 20, issue 1, 14

Abstract: This paper provides evidence that individual social capital contributes to our understanding of where individuals locate themselves in the social ladder, also when their objective location within society (measured in terms of income, wealth, education and job) is considered. Using large-scale longitudinal data from the US Health and Retirement Study, we assess individual social capital by means of a multidimensional approach and consider (number, intensity and quality of) respondents’ friendships, prosocial behavior, social engagement and neighborhood cohesion. Our findings indicate that individual social capital plays a role in affecting subjective status, as self-perceived status correlates positively with neighborhood cohesion and negatively with negative support from friends, after controlling for objectively measured social status.

Keywords: subjective social status; objectively measured social status; individual social capital (search for similar items in EconPapers)
JEL-codes: D91 I31 Z13 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (2)

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DOI: 10.1515/bejeap-2019-0071

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