Abstract

http://ssrn.com/abstract=263420
 
 

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The Economic Approach to Social Capital


Edward L. Glaeser


Harvard University - John F. Kennedy School of Government, Department of Economics; Brookings Institution; National Bureau of Economic Research (NBER)

David Laibson


Harvard University - Department of Economics; National Bureau of Economic Research (NBER)

Bruce Sacerdote


Dartmouth 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.

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Date posted: March 15, 2001  

Suggested Citation

Glaeser, Edward L. and Laibson, David and Sacerdote, Bruce, The Economic Approach to Social Capital (March 2001). Harvard Institute of Economic Research Paper No. 1916. Available at SSRN: http://ssrn.com/abstract=263420 or http://dx.doi.org/10.2139/ssrn.263420

Contact Information

Edward L. Glaeser (Contact Author)
Harvard University - John F. Kennedy School of Government, Department of Economics ( email )
Littauer Center
Room 315A
Cambridge, MA 02138
United States
617-496-2150 (Phone)
617-496-1722 (Fax)
Brookings Institution
1775 Massachusetts Ave. NW
Washington, DC 20036-2188
United States
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
David I. Laibson
Harvard University - Department of Economics ( email )
Littauer Center
Room M-14
Cambridge, MA 02138
United States
617-496-3402 (Phone)
617-495-8570 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Bruce Sacerdote
Dartmouth College - Department of Economics ( email )
6106 Rockefeller Hall
Hanover, NH 03755
United States
603-646-2121 (Phone)
603-646-2122 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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