Cooperatives and happiness. Cross-country evidence on the role of relational capital
Luigino Bruni (),
Dalila De Rosa and
Applied Economics, 2019, vol. 51, issue 30, 3325-3343
Why is the share of happy people higher in some countries than in their equally developed neighbours? We conjecture that the apparent contradiction might depend on a country’s endowment of relational capital, which we proxy empirically with the extent of cooperativeness. In particular, within the black box of social capital, we consider relational capital as the outcome of the civil economy paradigm and use cooperativeness as the macro and objective proxy of long term face-to-face interaction. Compiling an index of the importance of the cooperative sector, we test whether more cooperativeness associates with more happiness controlling for countries’ HDI and other control variables. Checking for endogeneity, using various country samples, and through different regression methods we find support for our hypothesis. This suggests that, indeed, an institutionalized cooperative culture can promote happiness.
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
Chapter: Cooperatives and happiness: cross-country evidence on the role of relational capital (2021)
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:taf:applec:v:51:y:2019:i:30:p:3325-3343
Ordering information: This journal article can be ordered from
Access Statistics for this article
Applied Economics is currently edited by Anita Phillips
More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().