ANALYZING THE IMPACT OF BONDING AND BRIDGING SOCIAL CAPITAL ON ECONOMIC WELL-BEING: RESULTS FROM CANADA'S GENERAL SOCIAL SURVEY

In this study we analyze nationally representative data from Canada's General Social Survey to investigate how various indicators of bonding and bridging social capital are associated with economic well-being and how the magnitude of their associations compare with each other. Our findings suggest that several dimensions of bonding social capital, including knowing neighbors well enough to ask favors of them and providing assistance to others, are positively associated with economic well-being. The study's indicators of bridging social capital were also linked to increases in the participants' economic well-being. When comparing the associations of bonding and bridging social capital we ascertained that bridging social capital in the form of group membership, including Internet group membership and participation in groups, had a more robust association than any of the indicators of bonding social capital. We consider the implications of the study's findings in light of a technologically-advanced yet volatile economy.