Social capital and subjective well-being: a study of the role of participation in social organizations in life satisfaction and happiness in Chilean cities

Authors

DOI:

https://doi.org/10.4067/S0718-88702020000100055

Keywords:

Subjective well-being, participation, ordered bivariate probit

Abstract

The concept of welfare has evolved to incorporate subjective elements. One key factor for development is social capital. Participation in organizations promotes a more active social life, with potential positive results on welfare. This work investigates this last association through the estimation of a bivariate ordered probit model by using the World Value Survey for Chile. Results show a positive association between participation in organizations and satisfaction with the economic situation, however, in the case of life satisfaction and happiness, this effect is unclear for economic and recreational organizations. This result suggests that subjective well-being do not necessarily respond to the economic situation.

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Author Biographies

Jorge Aedo, Universidad de Concepción

Escuela de Administración y Negocios

Estefany Oñate, Universidad de Concepción

Escuela de Administración y Negocios

Marcela Jaime, Universidad de Concepción

Escuela de Administración y Negocios

César Salazar, Universidad del Bío-Bío

Departamento de Gestión Empresarial, Facultad de Ciencias Empresariales

References

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Published

2020-04-27

How to Cite

Aedo, J., Oñate, E., Jaime, M., & Salazar, C. (2020). Social capital and subjective well-being: a study of the role of participation in social organizations in life satisfaction and happiness in Chilean cities. Economic Analysis Review, 35(1), 55–74. https://doi.org/10.4067/S0718-88702020000100055

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