Satisfaction with Democracy and Social Capital: Multi-Level Model Evidence for the Pre- and Post-Crisis Era

We analyze the relationship between social capital and satisfaction with democracy (SWD) levels. We consider SWD to denote regime support and we operationalize social capital in two different ways so as to discern between individual (micro) and country (macro) level effects. At the individual level, we operationalize social capital as composed of trust (generalized and institutional), human values (altruism, equality, tolerance, humanitarianism), and participatory behavior (political engagement, associations, activism). At the country level, we control for the effect of national culture (power distance, development, masculinity, individualism) upon SWD levels. Individual level data are drawn from the European Social Survey (ESS) Rounds 4 (2008) and 8 (2016). The two periods of time have been chosen to allow for the analysis of the effects that the recent financial crisis has had upon the social capital and SWD relationship. Data on the macro level indicators are drawn from the UN. Our estimation procedures involve the application of multi-level model techniques. Robust evidence is provided of that individual and country level factors interact and shape respondents' levels of SWD. The dynamic nature of this interaction is also verified in light of the evidence regarding the pre and post crisis periods.