Facilitating achievement by social capital in Japan

Chau-kiu Cheung and Raymond Kwok-hong Chan

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2008, vol. 37, issue 6, 2261-2277

Abstract: Social capital, as a comprehensive concept, comprises structural components representing social networks and functional components, which register past and future help, reciprocity, and trust. One assumption is that these various components interact and reinforce one another to enhance an individual's expected achievement. To validate the conceptualization and examine the consequences of social capital, the present study analyzed a set of data collected from 201 residents based in Japan. The results demonstrated that conceptualization proves to be valid in view of its adequacy in internal consistency and stability in the confirmatory factor model. The structural equation modeling likewise revealed contributions of the social capital components both individually and interactively. Notably, the Japanese respondents expected greater achievement with higher levels of both structural social capital and anticipatory functional social capital, which consequently tapped expected help, trust, and reciprocity. Structural social capital appeared to be a basis for functional social capital.

Keywords: Trust; Social; interaction; Friendship; Achievement (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:37:y:2008:i:6:p:2261-2277

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