Do positional concerns destroy social capital : evidence from 26 countries
Fischer, Justina A.V. & Torgler, Benno (2013) Do positional concerns destroy social capital : evidence from 26 countries. Economic Inquiry, 51(2), pp. 1542-1565.
Research on the effects of positional concerns on individuals' attitudes and behavior is sorely lacking. To address this deficiency, we use the International Social Survey Programme 1998 data on 25,000 individuals from 26 countries to investigate the impact of relative income position on three facets of social capital: horizontal and vertical trust as well as norm compliance. Testing relative deprivation theory, we identify a deleterious positional income effect for persons below the reference income, particularly for their social trust and confidence in secular institutions. Also often a social capital-lowering effect of relative income advantage occurs, while a rise in absolute income almost always contributes positively. These results indicate that a rise in income inequality in a society too large is rather detrimental to the formation of social capital. (JEL Z130, I300, D310)
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|Item Type:||Journal Article|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
|Copyright Owner:||Copyright 2012 Western Economic Association International|
|Deposited On:||19 Dec 2013 02:44|
|Last Modified:||19 Dec 2013 22:10|
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