Life Satisfaction, Social Capital and the Bonding-Bridging Nexus
University of Cassino - Department of Economic Sciences
World Bank - Poverty Reduction and Economic Management Network (PRMVP); University of Turin - Department of Economics
January 1, 2012
World Bank Policy Research Working Paper No. 5945
The paper investigates the relation between social capital and life satisfaction focusing on the distinction between bonding and bridging. Using the latest version of the combined World and European Values Surveys, the authors first address the question of measurement of social capital by means of a multi-step factor analysis. Through this procedure, they nd that proxies typically used for social capital tend to polarize around two dimensions interpreted as bonding and bridging. These two dimensions are in fact associated with a single latent variable with opposite signs suggesting that they describe two sides of the same latent variable rather than two independent latent variables. The authors call this latent variable the locus of socializing and use it to explore the relation between social capital and life satisfaction across world citizens and across groups of similar countries. The results indicate that people with extreme bonding or bridging attitudes are less happy than people with more balanced attitudes. Unlike the literature on social capital and economic growth that finds bridging attitudes more desirable than bonding attitudes, they nd that bonding attitudes are at least as important as bridging attitudes for life satisfaction. This suggests that the social capital dimensions important for economic growth may not necessarily coincide with the social capital dimensions important for life satisfaction.
Number of Pages in PDF File: 37
Keywords: Social Capital, Economic Theory & Research, Social Inclusion & Institutions, Cultural Policy, Labor Policiesworking papers series
Date posted: January 13, 2012
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo7 in 2.469 seconds