Social Capital as a Building Block of a Developed Economy: Evidence from the United States
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We determine the effect of individual social capital on income in the United States.
We use data from the General Social Survey and separate individuals into three different
occupation groups: occupations who require continual usage of social capital, such
as carpenters and plumbers; occupations with one time usage of social capital, such
finding the job; and farming jobs. We
find that social capital has a positive effect on all types of incomes, though only find
significant results for \desk jobs", with a 20% effect of social capital on income. This
number is consistent with findings for other countries with different types of social
capital mechanisms.