Social capital, economic growth and well-being

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...

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Main Author: Sarracino, Francesco (auth)
Format: Electronic Book Chapter
Language:English
Published: Firenze Firenze University Press 2012
Series:Premio Ricerca «Città di Firenze»
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Online Access:DOAB: download the publication
DOAB: description of the publication
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520 |a 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. 
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