 Investment in social capital by the Korean elderly and baby-boomersVladimir Hlasny and Jieun Lee The Journal of the Economics of Ageing, 2020, vol. 17, issue C Abstract: Social capital (SC) is both an input and an output of individuals’ economic choices, but relatively little is known about SC investment, particularly in individuals’ old age. With a premise that SC is an individual-level concept in which individuals purposely invest, we estimate elderly individuals’ stock and investment in SC using principal component analysis of their social engagement, networks, and trust in social institutions. We describe the distribution of the SC stock and investment across various demographic groups. Based on a capital-accumulation model, and using linear regressions and mixture models, we test hypotheses about the drivers – expected benefits, costs, depreciation, preexisting SC, and social-capital in one’s community – and trajectories of elderly individuals’ SC investment. Implications for their life satisfaction are also assessed. Keywords: Social capital; Networks; Baby-boomers; Ageing; Mixture model of group-based developmental trajectories (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:joecag:v:17:y:2020:i:c:s2212828x20300219 DOI: 10.1016/j.jeoa.2020.100256 Access Statistics for this article The Journal of the Economics of Ageing is currently edited by D.E. Bloom, A. Sousa-Poza and U. Sunde More articles in The Journal of the Economics of Ageing from Elsevier |
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