Impact of Social Capital on Income
Anna Grochowska and
Pawel Strawinski ()
Ekonomia journal, 2012, vol. 31
In this paper we attempt to quantify the impact of social capital on income. We follow Putnam’s  approach and we construct a synthetic index for social capital using a multivariate probit model. Social capital is considered as one of the crucial individual endowments, next to physical and human capital. In a second step, we estimate the impact of the synthetically constructed social capital index on an individual’s income using a Mincer-type earnings equation. The results show that social capital explains up to 20% of income variation both at the individual and household level. However, human capital and physical capital remain the critical determinants of individual income.
Keywords: social capital; income; well-being; local community; household (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eko:ekoeko:31_56
Ordering information: This journal article can be ordered from
Access Statistics for this article
Ekonomia journal is currently edited by Tomasz Żylicz
More articles in Ekonomia journal from Faculty of Economic Sciences, University of Warsaw Contact information at EDIRC.
Bibliographic data for series maintained by Marta Höffner ().