Happiness and Social Capital in India

Yoshio Itaba ()
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Yoshio Itaba: Doshisha University

Chapter Chapter 3 in The Cultural Basis of Economic Growth in India, 2022, pp 65-102 from Springer

Abstract: Abstract Numerous studies have examined happiness in Europe, America, and East Asia, but few studies have focused on developing countries. Furthermore, it was found that social capital is an important determinant of happiness in happiness studies. Therefore, this study aims to examine happiness and how it relates to social capital in India. Most studies about India were small-scale and used data limited to demographic conditions (e.g., women, rural, urban, the elderly). The present chapter examines nationwide data and broad demographic conditions as well as social capital, which is important but has not yet been considered in an Indian happiness study. The analysis confirms that our results fit the usual patterns that are found in the happiness literature. However, there are some specific findings in the case of India. For example, there is no significant education–happiness relationship in the estimation. Happiness had a positive and statistically significant correlation with top-level managers, executives, and the self-employed. Social capital had a strong positive correlation with happiness. Our results clearly confirmed the presence of a positive relationship between social capital and happiness. In that sense, social capital was a big predictor of happiness. Finally, we estimated the determinants of social capital.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:crechp:978-981-15-9305-5_3

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DOI: 10.1007/978-981-15-9305-5_3

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