Social

Question 1

Define social K

Answer 1

Networks, interactions, associated norms of reciprocity which have value.
Capital as its effects have persistence, like human/physical!

Question 2

Bridging/bonding

Answer 2

Different/same sub-group

Question 3

Network effect?

Answer 3

Returns to social K are increasing in participation rate

Question 4

Attitudinal study

Answer 4

Stevenson and Wolfers 2008
Correlation of recalled feelings (love) and GDP.
Weak, with low R^2, but significant!

Question 5

Participation study

Answer 5

Putnam 2000

Membership in US voluntary associations up until 1970s, then down since then! ‘bowling alone’

Question 6

Horizontal associations?

Answer 6

Either positive or negative impacts on productivity

Question 7

Religion as social capital?

Answer 7

Weber 1904
‘Protestant work ethic’?

Barro and McCleary 2003:
Historical Protestantism associated with happy and rich
Religiosity does fall with development in modern day though

Question 8

Depreciation of social K?

Answer 8

Customary beliefs and values transmit through fairly unchanged (Sapinza and Zingales 2006)

Question 9

Social K on growth?

Answer 9

Putnam 1993: Lack of voluntary association and mafia leads to S Italy worse off than N Italy
Knack and Keefer 1997: Trust can sub for social K
Glaeser et al 2000: Trust as a predictor of econ activity

Also: see ethnic fragmentation (CAPs).