Publication:
Social Capital, Trust, and Well-being in the Evaluation of Wealth

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dc.contributor.authorHamilton, Kirk
dc.contributor.authorHelliwell, John
dc.contributor.authorWoolcock, Michael
dc.date.accessioned2016-07-07T15:59:53Z
dc.date.available2016-07-07T15:59:53Z
dc.date.issued2016-06
dc.description.abstractThis paper combines theory with data from different domains to provide an empirical analysis of the scale and variability of social capital as wealth. The analysis is used to argue, given what has been learned from the literature on social capital, that the welfare returns to investing in trust could be substantial. Using data from 132 nations covered by the Gallup World Poll, the paper presents a range of estimates of the wealth-equivalent values of social trust. Such values are usually not included in national or global accounts of income and wealth. In the light of the estimated importance of social trust as a component of wealth and well-being, the paper concludes with some policy options for how social trust might be better built and sustained.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/06/26506107/social-capital-trust-well-being-evaluation-wealth
dc.identifier.doi10.1596/1813-9450-7707
dc.identifier.urihttps://hdl.handle.net/10986/24624
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7707
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectUNEMPLOYMENT
dc.subjectPHYSICAL CAPITAL
dc.subjectSOCIAL NORMS
dc.subjectCONSUMPTION
dc.subjectEXTERNAL
dc.subjectHUMAN CAPITAL
dc.subjectMOTIVATION
dc.subjectECONOMIC GROWTH
dc.subjectASSET VALUE
dc.subjectPRODUCTION
dc.subjectECONOMIC PERFORMANCE
dc.subjectCAPITAL
dc.subjectPOLICIES
dc.subjectPOLITICS
dc.subjectVALUATION
dc.subjectINCOME
dc.subjectINTEREST
dc.subjectVALUE
dc.subjectWAGE RATES
dc.subjectBANK
dc.subjectINTEREST RATE
dc.subjectDISCOUNT RATE
dc.subjectSTRATEGIES
dc.subjectPOLITICIANS
dc.subjectGDP PER CAPITA
dc.subjectINFORMATION
dc.subjectUTILITY FUNCTION
dc.subjectSERVICES
dc.subjectMARGINAL BENEFITS
dc.subjectASSET
dc.subjectMARGINAL PRODUCT
dc.subjectCIVIC CULTURE
dc.subjectPORTFOLIO
dc.subjectEXPENDITURES
dc.subjectWELFARE
dc.subjectOPTIMIZATION
dc.subjectEFFECTS
dc.subjectLABOR RELATIONS
dc.subjectVARIABLES
dc.subjectMEASUREMENT
dc.subjectSTATEMENT
dc.subjectPRICING
dc.subjectAFFILIATED ORGANIZATIONS
dc.subjectINPUTS
dc.subjectECONOMIC THEORY
dc.subjectCOMPENSATING WAGE DIFFERENTIALS
dc.subjectRETURNS TO SCALE
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectWEALTH
dc.subjectSAVING
dc.subjectPRODUCTION FUNCTION
dc.subjectECONOMICS
dc.subjectCLOSED ECONOMY
dc.subjectTRENDS
dc.subjectSOCIAL CAPITAL
dc.subjectPRESENT VALUE
dc.subjectINSTITUTIONS
dc.subjectPUBLIC POLICY
dc.subjectGDP
dc.subjectGOODS
dc.subjectLAND
dc.subjectTHEORY
dc.subjectINFLUENCE
dc.subjectWORKING CONDITIONS
dc.subjectINVESTMENT
dc.subjectMARKET EQUILIBRIUM
dc.subjectPOSITIVE EXTERNALITIES
dc.subjectRENT
dc.subjectAFFILIATED
dc.subjectECONOMIC COOPERATION
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectWAGE DIFFERENTIALS
dc.subjectDEMOCRACY
dc.subjectEXTERNALITIES
dc.subjectUNEMPLOYED
dc.subjectMIGRATION
dc.subjectTRUST
dc.subjectORGANIZATIONS
dc.subjectCOMMUNITY
dc.subjectSTAGFLATION
dc.subjectACCUMULATION
dc.subjectLABOR
dc.subjectOUTCOMES
dc.subjectGOVERNMENTS
dc.subjectMARGINAL UTILITY
dc.subjectUTILITY
dc.subjectNATURAL RESOURCES
dc.subjectAVERAGING
dc.subjectECONOMIC RESEARCH
dc.subjectMARGINAL VALUE
dc.subjectDEVELOPMENT POLICY
dc.titleSocial Capital, Trust, and Well-being in the Evaluation of Wealthen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleSocial Capital, Trust, and Well-being in the Evaluation of Wealth
okr.date.disclosure2016-06-20
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2016/06/26506107/social-capital-trust-well-being-evaluation-wealth
okr.guid249031468195550873
okr.identifier.doi10.1596/1813-9450-7707
okr.identifier.externaldocumentum090224b0843e2438_1_0
okr.identifier.internaldocumentum26506107
okr.identifier.reportWPS7707
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/06/20/090224b0843e2438/1_0/Rendered/PDF/Social0capital0evaluation0of0wealth.pdfen
okr.topicSocial Development::Social Capital
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicPoverty Reduction::Living Standards
okr.topicPoverty Reduction::Social Development & Poverty
okr.unitPoverty and Inequality Team, Development Research Group
relation.isAuthorOfPublication308bc33f-78ef-5a29-aa2c-92ee4e71a953
relation.isAuthorOfPublication.latestForDiscovery308bc33f-78ef-5a29-aa2c-92ee4e71a953
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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