Social Capital as a Building Block of a Developed Economy: Evidence from the United States

Sharon Raszap Skorbiansky

No 104029, 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania from Agricultural and Applied Economics Association

Abstract: We determine the effect of individual social capital on income in the United States. We use data from the General Social Survey and separate individuals into three different occupation groups: occupations who require continual usage of social capital, such as carpenters and plumbers; occupations with one time usage of social capital, such finding the job; and farming jobs. We find that social capital has a positive effect on all types of incomes, though only find significant results for \desk jobs", with a 20% effect of social capital on income. This number is consistent with findings for other countries with different types of social capital mechanisms.

Keywords: Institutional; and; Behavioral; Economics (search for similar items in EconPapers)
Pages: 19
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea11:104029

DOI: 10.22004/ag.econ.104029

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