Social capital accumulation and the evolution of social participation
نویسندگان
چکیده
We study the co-evolution of social participation and social capital accumulation, taking the view that the former contributes to the latter, and both contribute to socially enjoyed leisure. We show that a process of substitution of private for social activities (observable in some advanced, affluent economies), might be self-reinforcing and lead to a Pareto-dominated steady state. We find some scope for policy intervention, but we also acknowledge its difficulty. © 2006 Elsevier Inc. All rights reserved. JEL classification: C73; D62; I31; J22; O41; Z13
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