Social capital and Life Satisfaction: A new approach

Anne Musson and Damien Rousselière

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Abstract: Social capital and especially trust are the foundation of most personal relationships and a key factor of many economicand social outcomes. The purpose of this paper is to analyze the impact of social capital on subjective well-being,controlling for individual and national effects. Our original empirical approach addresses the problem of endogeneitybetween social capital and subjective well-being, using a non-recursive mixed-process model, with bootstrappedstandard errors accounting for the sampling design. This strategy also makes it possible to differentiate the specificeffects of trust and voluntary association membership on subjective well-being.

Keywords: life Satisfaction; Trust; Well-being; Wealth; Association; Social capital (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

Published in Economics Bulletin, 2020, 40 (1), pp.359-381

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02479982

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