The Role of Social Capital in Financial Development
Why is this work in the frame?
A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.
Abstract
To identify the effect of social capital on financial development, we exploit social capital differences within Italy. In high-social-capital areas, households are more likely to use checks, invest less in cash and more in stock, have higher access to institutional credit, and make less use of informal credit. The effect of social capital is stronger where legal enforcement is weaker and among less educated people. These results are not driven by omitted environmental variables, since we show that the behavior of movers is still affected by the level of social capital of the province where they were born.
Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.
The record
- Venue
- American Economic Review
- Topic
- Housing Market and Economics
- Field
- Economics, Econometrics and Finance
- Canadian institutions
- Kellogg's (Canada)
- Funders
- —
- Keywords
- Social capitalEconomicsEnforcementFinancial capitalExploitEconomic capitalFinanceDemographic economicsEconomic growthHuman capitalPolitical science
- Has abstract in OpenAlex
- yes