Social Capital and the Labor Market
29 Pages Posted: 2 Jun 2016
Date Written: June 2, 2016
Using canonical-correlation analysis we find significant differences in social capital between European regions. Teaching children to be independent, imaginative, and tolerant contrib- utes positively to social capital, as does a higher level of trust towards fellow citizens. These differences can account for differences in unemployment, male labor force participation, and average hours of work across regions.
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