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Anne Musson and Damien Rousselière
''Social capital and Life Satisfaction : A new approach''
( 2020, Vol. 40 No.1 )
Social capital and especially trust are the foundation of most personal relationships and a key factor of many economic and social outcomes. The purpose of this paper is to analyze the impact of social capital on subjective well-being, controlling for individual and national effects. Our original empirical approach addresses the problem of endogeneity between social capital and subjective well-being, using a non-recursive mixed-process model, with bootstrapped standard errors accounting for the sampling design. This strategy also makes it possible to differentiate the specific effects of trust and voluntary association membership on subjective well-being.
Keywords: Associations; life satisfaction; social capital; trust; subjective well-being; wealth
JEL: I3 - Welfare and Poverty: General
Z1 - Cultural Economics; Economic Sociology; Economic Anthropology: General
Manuscript Received : Apr 10 2019 Manuscript Accepted : Feb 05 2020

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