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Social Capital as a Building Block of a Developed Economy: Evidence from the United States

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  • Raszap Skorbiansky, Sharon

Abstract

We determine the effect of individual social capital on income in the United States. We use data from the General Social Survey and separate individuals into three different occupation groups: occupations who require continual usage of social capital, such as carpenters and plumbers; occupations with one time usage of social capital, such finding the job; and farming jobs. We find that social capital has a positive effect on all types of incomes, though only find significant results for \desk jobs", with a 20% effect of social capital on income. This number is consistent with findings for other countries with different types of social capital mechanisms.

Suggested Citation

  • Raszap Skorbiansky, Sharon, 2011. "Social Capital as a Building Block of a Developed Economy: Evidence from the United States," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 104029, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea11:104029
    DOI: 10.22004/ag.econ.104029
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    References listed on IDEAS

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    1. La Porta, Rafael, et al, 1997. "Trust in Large Organizations," American Economic Review, American Economic Association, vol. 87(2), pages 333-338, May.
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