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Social capital, economic growth and well-being

Francesco Sarracino
STATEC, National Institute of Statistics and Economic Studies of the Grand Duchy of Luxembourg, Luxembourg

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DOI: 10.36253/978-88-6655-277-2 Series: Premio Ricerca «Città di Firenze» ISSN 2705-0289 (print) - ISSN 2705-0297 (online)

FUP Scientific Cloud for Books

Scientific board: Premio Ricerca «Città di Firenze» 2011

Editor-in-Chief: Nigro, Giampiero University of Florence, Italy

Scientific board: 16 members, 1 research institutions, 1 nations
Authors: 15 authors
Books: 15 monographs
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Content licence CC BY-ND 3.0 IT
Metadata licence CC0 1.0

In the long run economic growth does not improve people's well-being. Traditional theories – adaptation and social comparisons – explain this evidence, but they don't explain what shapes the trend of subjective well-being and its differences across countries. Recent research identified in social capital a plausible candidate to explain the trends of well-being. This dissertation adopts various econometric techniques to explore the relationship over time among social capital, economic growth and subjective well-being. The main conclusion is that social capital is a good predictor of the trend of subjective well-being, both within and across countries. Hence, policies for well-being should aim at preserving and enhancing social capital for the quality of the social environment matters.