Do Social Relations Affect Economic Welfare? A Microeconomic Empirical Analysis

Over the last few years, many studies have shown that social networks affect the socioeconomic development. This paper presents evidence, through the Italian microdata representative of the entire Italian population, that the quality and quantity of interpersonal relations of agents can increase their economic welfare. Two proxies of interpersonal relations at an individual level are considered: a proxy for the density and one for the quality of network structure of personal contacts. Both seem to have a positive effect on the level of household economic welfare of agents. This result proves robust to the inclusion of a variety of control variables and to the use of different econometric methods.


Issue Date:
2007
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/9330
Total Pages:
29
JEL Codes:
D10; Z13
Series Statement:
KTHC Nota di Lavoro 32.2007




 Record created 2017-04-01, last modified 2017-08-23

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