Impact of social capital on income

• Autorzy: Anna Grochowska , Paweł Strawiński
• Języki publikacji: EN

Abstrakty

EN

In this paper we attempt to quantify the impact of social capital on income. We follow Putnam's [1995] approach and we construct a synthetic index for social capital using a multivariate probit model. Social capital is considered as one of the crucial individual endowments, next to physical and human capital. In a second step, we estimate the impact of the synthetically constructed social capital index on an individual's income using a Mincer-type earnings equation. The results show that social capital explains up to 20% of income variation both at the individual and household level. However, human capital and physical capital remain the critical determinants of individual income. (original abstract)

Słowa kluczowe

EN

Social capital; Probit model; People's income

PL

Kapitał społeczny; Model probitowy; Dochody ludności

• Czasopismo: Ekonomia / Uniwersytet Warszawski
• Rocznik: 2012
• Numer: nr 31
• Strony: 56--70

Twórcy

autor

Anna Grochowska

• University of Warsaw, Poland

autor

Paweł Strawiński

• University of Warsaw, Poland

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