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Impact Of Social Capital On Individual Well-Being In Poland. Proxy-Based Approach

Author

Listed:
  • Anna Grochowska

    (Faculty of Economic Sciences, University of Warsaw)

  • Paweł Strawiński

    (Faculty of Economic Sciences, University of Warsaw)

Abstract

In this paper we attempt to quantify the impact of social capital on individual well-being. We follow the Putnam (1995) approach and select five key social capital components to construct a synthetic index for social capital using a multivariate probit model. Social capital is considered as one of the three crucial individual endowments: physical capital, human capital and social capital. The impact of the synthetically constructed social capital index on individual’s well-being is estimated using a Mincer type earning equation. The results show that social capital explains up to 20% of income variation both at individual and household level. However, human capital and physical capital remain the critical determinants of individual income.

Suggested Citation

  • Anna Grochowska & Paweł Strawiński, 2010. "Impact Of Social Capital On Individual Well-Being In Poland. Proxy-Based Approach," Working Papers 2010-13, Faculty of Economic Sciences, University of Warsaw.
    • Handle: RePEc:war:wpaper:2010-13
    as

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    File URL: http://www.wne.uw.edu.pl/inf/wyd/WP/WNE_WP36.pdf
    File Function: First version, 2010
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    References listed on IDEAS

    as
    1. Paolo Buonanno & Daniel Montolio & Paolo Vanin, 2009. "Does Social Capital Reduce Crime?," Journal of Law and Economics, University of Chicago Press, vol. 52(1), pages 145-170, February.
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    4. Platt, Lucinda, 2006. "Assessing the impact of illness, caring and ethnicity on social activity," LSE Research Online Documents on Economics 6239, London School of Economics and Political Science, LSE Library.
    5. Zhou, Lin, 1999. "Subjective probability theory with continuous acts," Journal of Mathematical Economics, Elsevier, vol. 32(1), pages 121-130, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    social capital; income; well-being; local community; household;
    All these keywords.

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics

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