By Sherman Folland, Visit Amazon's Lorenzo Rocco Page, search results, Learn about Author Central, Lorenzo Rocco,
This booklet defines the sector of social capital and wellbeing and fitness. during the last twenty years, there was a acceptance of the significance of social capital (usually outlined as ties in the neighborhood, attachment to the neighborhood, and participation in group actions) and its impression at the overall healthiness of these in that neighborhood. the aim of this e-book is to teach the expansion within the box of social capital and wellbeing and fitness and to reveal readers to quite a few methods which will take into consideration and version the query of the way overall healthiness will be more advantageous by way of investments in group social capital in addition to by means of person social capital.
a good set of papers should be awarded by means of authors from the us, in addition to from Europe and Asia. those papers are state of the art and discover the mechanisms wherein social capital impacts wellbeing and fitness. The papers additionally current the latest empirical paintings and talk about the coverage implications in their findings. unquestionably, it will be a landmark booklet for you to make the examine of social capital and its influence on well-being an important sector of analysis within the coming decade.
Readership: scholars and execs attracted to future health economics.
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Additional info for The Economics of Social Capital and Health
Observations on social capital. In Social Capital: A Multifaceted Perspective, eds. Dasgupta P. , Washington, DC: World Bank: pp. 3–5. Brown, T. T. and Scheffler, R. M. 2006. The empirical relationship between community social capital and the demand for cigarettes. Health Economics, 15(11): 1159–1172. Folland, S. 2008. An economic model of social capital and health. Health Economics, Policy and Law, 3: 333–348. Grossman, M. 1972. On the concept of health capital and the demand for health. Journal of Political Economy, 80(2): 223–255.
The model we have proposed here puts social capital into a Grossman investment in health framework, so it must be empirically tested within that framework. One obvious problem with implementing a forward-looking lifetime intertemporal optimization model is that, relative to the span of an individual’s decision horizon, our panel datasets are shortpanel datasets, many of which have observations on large numbers of individuals at many stages in the life course. Absent long panels, we must consider that people of different ages are on different segments of their lifetime trajectories, and we must try to include variables that represent their past behavior in investing in H and in SV as explanatory variables in equations that explain h and v.
However, this approach may risk neglecting the significant social interaction that takes place at work. By adding one or more additional uses of income, the rigid tradeoff between S and C is relaxed. Case 2: γC > 0, UC > 0, and UCE ≥ 0. If the other good, C, is health care, it improves survival on the margin and may or may not be a complement to the public investment. The effect of an exogenous public investment, E, may cause this good to compete with social capital because both have a beneficial effect on survival, whether the public good is a complement for a good that provides improved survival, a substitute for such a good, or neither.