Social Capital and Well-Being in Times of Crisis
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This paper attempts to show how the quality of the social fabric of a community or nation affects its capacity to deal with crises and to develop human and natural resources in ways that maintain and sustainably improve subjective well-being. Three types of crisis will be used as examples. These include economic crises; transition and other institutional crises; and conflicts over sustainable resource use. The bulk of the new results in this paper relate to economic crises and institutional transitions, and shows that communities and nations with better social capital and trust respond to crises and transitions more happily and effectively.
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- Social Capital and Well-Being in Times of Crisis
Journal of Happiness Studies
Volume 15, Issue 1 , pp 145-162
- Cover Date
- Print ISSN
- Online ISSN
- Springer Netherlands
- Additional Links
- Subjective well-being
- Social capital
- Economic crises
- Sustainable development
- Social context
- Industry Sectors
- Author Affiliations
- 1. CIFAR Programme, Vancouver School of Economics, University of British Columbia, Vancouver, BC, Canada
- 2. Department of Economics, University of Alberta, Edmonton, AB, Canada
- 3. School of Public Policy and Management, Korea Development Institute (KDI), Seoul, South Korea