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- Title
The Impact of Social Capital on Subjective Well-Being: A Regional Perspective.
- Authors
Puntscher, Sibylle; Hauser, Christoph; Walde, Janette; Tappeiner, Gottfried
- Abstract
This study analyses the determinants of the most widely used indicators of subjective well-being (SWB), namely life satisfaction and happiness, within European regions. In particular, we assess to what extent these two measures are related to strictly economic factors or alternatively are driven by social and institutional settings. Our analyses extend the corresponding literature by (1) focusing on European regions instead of nations of the whole world and thus allowing for intra-national differences; (2) highlighting the impact of social capital considered in a broad manner covering general trust, institutional trust, associational activity and the close social ties; and (3) modelling possible spatial influences from the neighbouring regions by estimating a spatial error model. The results indicate that such spatial autocorrelations indeed exist and that the various social capital components are major impact factors alongside the conventional determinants health, religion and unemployment, but that income does not exhibit a statistically significant influence on the SWB of the European regions considered.
- Subjects
SOCIAL capital; SUBJECTIVE well-being (Psychology); ECONOMIC impact; UNEMPLOYMENT; SPATIAL analysis (Statistics)
- Publication
Journal of Happiness Studies, 2015, Vol 16, Issue 5, p1231
- ISSN
1389-4978
- Publication type
Article
- DOI
10.1007/s10902-014-9555-y