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Paul KillerbyKillerby, P. (2001) "Social capital and human welfare: Results from the 1995-97 World Values Survey", presented at the New Zealand Association of Economists (NZAE) annual conference, Christchurch, New Zealand. Abstract Theory and evidence suggest that social capital enhances economic performance. However, measures such as national income fail to capture important aspects of wellbeing. This paper adopts a latent-variables approach, using cross-country and individual data from the 1995-97 World Values Survey, to model the impact of social capital on subjective wellbeing. The results reveal that societal norms of civic-mindedness are a significant determinant of happiness and life satisfaction once personal characteristics are accounted for. Click here to download this paper. |
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