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The Economic Approach to Social CapitalEdward L. GlaeserHarvard University - John F. Kennedy School of Government, Department of Economics; Brookings Institution; National Bureau of Economic Research (NBER) David LaibsonHarvard University - Department of Economics; National Bureau of Economic Research (NBER) Bruce SacerdoteDartmouth College - Department of Economics; National Bureau of Economic Research (NBER) March 2001 Harvard Institute of Economic Research Paper No. 1916 Abstract: To identify the determinants of social capital formation, it is necessary to understand the social capital investment decision of individuals. Individual social capital should then be aggregated to measure the social capital of a community. This paper assembles the evidence that supports the individual-based model of social capital formation, including seven facts: (l) the relationship between social capital and age is first increasing and then decreasing, (2) social capital declines with expected mobility, (3) social capital investment is higher in occupations with greater returns to social skills, (4) social capital is higher among homeowners, (5) social connections fall sharply with physical distance, (6) people who invest in human capital also invest in social capital, and (7) social capital appears to have interpersonal complementarities.
Number of Pages in PDF File: 41 working papers seriesDate posted: March 15, 2001Suggested CitationContact Information
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