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Impact Of Social Capital On Individual Well-Being In Poland. Proxy-Based Approach

Anna Grochowska () and Pawel Strawinski ()
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Anna Grochowska: Faculty of Economic Sciences, University of Warsaw

No 2010-13, Working Papers from Faculty of Economic Sciences, University of Warsaw

Abstract: In this paper we attempt to quantify the impact of social capital on individual well-being. We follow the Putnam (1995) approach and select five key social capital components to construct a synthetic index for social capital using a multivariate probit model. Social capital is considered as one of the three crucial individual endowments: physical capital, human capital and social capital. The impact of the synthetically constructed social capital index on individual’s well-being is estimated using a Mincer type earning equation. The results show that social capital explains up to 20% of income variation both at 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)
JEL-codes: A14 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2010
New Economics Papers: this item is included in nep-cwa, nep-soc and nep-tra
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