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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
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    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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