NDLI: Money, Sociability and Happiness: Are Developed Countries Doomed to Social Erosion and Unhappiness? : Time-series Analysis of Social Capital and Subjective Well-being in Western Europe, Australia, Canada and Japan

Content Provider	Springer Nature Link
Author	Sarraci, Francesco
Copyright Year	2011
Abstract	Discovering whether social capital endowments in modern societies have been subjected or not to a process of gradual erosion is one of the most debated topics in recent economic literature. Inaugurated by Putnam’s pioneering studies, the debate on social capital trends has been recently revived by Stevenson and Wolfers (2008) contending Easterlin’s assessment. Present work is aimed at finding evidence for the relationship between changes in social capital and subjective well-being in western Europe, Australia, Canada and Japan between 1980 and 2005. In particular, I would like to answer questions such as: (1) is social capital in western Europe, Canada, Australia and Japan declining? Is such erosion a general trend of modern and richer societies or is it a characteristic feature of the American one? (2) can social capital trend help explain subjective well-being trend? Therefore, present research considers three different set of proxies of social capital controlling for time and socio-demographic aspects using WVS-EVS data between 1980 and 2005. Present results are encouraging, showing evidence of positive correlation between several proxies of social capital and both happiness and life satisfaction. Furthermore, results show that during last twenty-five years people in some of the most modern and developed countries have persistently lost confidence in the judicial system, religious institutions, parliament and civil service.
Starting Page	135
Ending Page	188
Page Count	54
File Format	PDF
ISSN	03038300
Journal	Social Indicators Research
Volume Number	109
Issue Number	2
e-ISSN	15730921
Language	English
Publisher	Springer Netherlands
Publisher Date	2011-07-07
Publisher Place	Dordrecht
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Subjective well-being Social capital Relational goods Easterlin paradox Time-series Economic development EVS WVS Human Geography Quality of Life Research Sociology Public Health Microeconomics
Content Type	Text
Resource Type	Article
Subject	Sociology and Political Science Arts and Humanities Developmental and Educational Psychology

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