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Social Capital Formation And Intra Familial Correlation: A Social Panel Perspective

Author

Listed:
  • CHRISTOPH HAUSER

    (Department of Economic Theory, Economic Policy and Economic History, University of Innsbruck, Universitaetsstrasse 15, 6020 Innsbruck, Austria)

  • MICHAEL PFAFFERMAYR

    (Department of Economic Theory, Economic Policy and Economic History, University of Innsbruck, Universitaetsstrasse 15, 6020 Innsbruck, Austria)

  • GOTTFRIED TAPPEINER

    (Department of Economic Theory, Economic Policy and Economic History, University of Innsbruck, Universitaetsstrasse 15, 6020 Innsbruck, Austria)

  • JANETTE WALDE

    (Department of Statistics, University of Innsbruck, Universitaetsstrasse 15, 6020 Innsbruck, Austria)

Abstract

Social capital is widely regarded to constitute an important indicator for the economic performance of a society. This paper analyzes the impact of various socio-demographic characteristics on social capital. Proxy variables for social capital are obtained from a comprehensive principal components analysis exercise using survey data from the British Household Panel Survey (BHPS). The BHPS provides information on social and economic change at the individual and household levels in Britain and the UK with an annual survey of ca. 10,000 individuals from ca. 5,000 households. Based on the 13th wave of this database, we investigate the impact of exogenous qualities, individually acquired characteristics, and of the social environment using a spatial auto-regression framework. The results show that the formation of social capital can be modeled to a very high degree of statistical accuracy. The structural effect from the households contributes substantially to the social capital level of each household member. Thus, the social capital formation can be based equally on individual measures (such as education) and social contagion processes.

Suggested Citation

  • Christoph Hauser & Michael Pfaffermayr & Gottfried Tappeiner & Janette Walde, 2009. "Social Capital Formation And Intra Familial Correlation: A Social Panel Perspective," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 54(03), pages 473-488.
    • Handle: RePEc:wsi:serxxx:v:54:y:2009:i:03:n:s0217590809003434
    DOI: 10.1142/S0217590809003434
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    Citations

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    Cited by:

    1. Arthur Lewbel & Xi Qu & Xun Tang, 2023. "Social Networks with Unobserved Links," Journal of Political Economy, University of Chicago Press, vol. 131(4), pages 898-946.
    2. Arthur Lewbel & Xi Qu & Xun Tang, 2021. "Social Networks with Mismeasured Links," Boston College Working Papers in Economics 1031, Boston College Department of Economics.
    3. Arthur Lewbel & Xi Qu & Xun Tang, 2024. "Ignoring measurement errors in social networks," The Econometrics Journal, Royal Economic Society, vol. 27(2), pages 171-187.
    4. Natalia Sánchez-Arrieta & Rafael A. González & Antonio Cañabate & Ferran Sabate, 2021. "Social Capital on Social Networking Sites: A Social Network Perspective," Sustainability, MDPI, vol. 13(9), pages 1-35, May.

    More about this item

    Keywords

    Social capital; spatial econometrics; social economics; panel data approach; C51; C23; Z13; J12;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure

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