Social capital, inequality, and economic growth

被引:13
作者
Josten, SD [1 ]
机构
[1] Univ Bundeswehr Hamburg, Inst Finanzwissenschaft, D-22043 Hamburg, Germany
来源
JOURNAL OF INSTITUTIONAL AND THEORETICAL ECONOMICS-ZEITSCHRIFT FUR DIE GESAMTE STAATSWISSENSCHAFT | 2004年 / 160卷 / 04期
关键词
D O I
10.1628/0932456042776087
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper analyzes a heterogeneous-agents OLG model incorporating both endogenous growth and social capital. An individual can either become an active part of the society's networks of trust and mutual cooperation, thus making a positive contribution to overall social capital, or stay socially disintegrated and free-ride on the community's social capital. In the modelled economy, aggregate output and economy-wide human capital and consumption all grow at the average rate of individual human-capital accumulation. An increase in inequality depresses the community's social capital, which in turn lowers the economy's growth rate.
引用
收藏
页码:663 / 680
页数:18
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