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Measuring the returns to networking and the accumulation of social capital: any evidence of bonding, bridging or linking?

Sturgis, Patrick ORCID: 0000-0003-1180-3493, Di Pietro, Giorgio, Urwin, Peter and Jack, Gregor (2008) Measuring the returns to networking and the accumulation of social capital: any evidence of bonding, bridging or linking? The American Journal of Economics and Sociology, 67 (5). pp. 941-968. ISSN 0002-9246

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Identification Number: 10.1111/j.1536-7150.2008.00603.x

Abstract

This article presents analyses of individual investment in social capital using both the British Household Panel Survey (BHPS) and the UK Time Use Survey (2000) (UKTUS). We suggest a general theoretical framework that could possibly explain individual investment in various forms of social networking. Measures of social capital are then constructed in an attempt to capture the extent of individual investment in bonding, bridging, and linking networks. These measures, together with other socioeconomic indicators, are used as explanatory factors in wage equations, estimated using ordered probit, OLS, and instrumental variable approaches. We are unable to identify any consistent returns from investment in bonding and bridging networks. In contrast, the evidence suggests that any returns to investment in the development of linking social capital simply derive from the positive signals that group membership may transmit to potential employers. Our results underline the contrast between studies that consider social capital as an attribute of communities, as opposed to individuals, in that we find a negative return to social activity at the level of the individual.

Item Type: Article
Official URL: https://onlinelibrary.wiley.com/journal/15367150
Additional Information: © 2008 American Journal of Economics and Sociology, Inc
Divisions: Methodology
Subjects: H Social Sciences > HN Social history and conditions. Social problems. Social reform
H Social Sciences > HB Economic Theory
Date Deposited: 09 Oct 2019 10:57
Last Modified: 20 Feb 2021 02:26
URI: http://eprints.lse.ac.uk/id/eprint/101924

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