Dimensions of social capital and subjective well-being: evidence from Italy

The concept of social capital was investigated as an explanatory variable of a number of significant socio-economic phenomena, such as economic development, the well-functioning of institutions, and school performance. This study proposes an analysis of the relation between social capital and well-being. The two concepts have been interpreted by social sciences in many different ways. In particular, as a result of its recent success, social capital has been the object of a great deal of interpretations. Social scientists have considered it either as a collective resource (macro social capital), or as an available resource amongst members of specific groups (friends, associations, local communities, etc.; i.e. meso social capital), or as a resource that individuals can achieve through their personal networks (micro social capital). Using data from a representative sample of Italian citizens (25-80 years old), this work investigates which dimension (micro, meso, or macro) of social capital has (if any) a major influence on subjective well-being. Data show some interdependence only with the macro social capital, and suggest that it is just the symbolic and cognitive qualities of the social capital, rather than its structural dimension, that could be associated with subjective well-being in a significant way.