It pays for poor households to participate actively in local associations. At low incomes, the returns to social capital are higher than returns to human capital. At higher incomes, the reverse is true

The chapters in this volume explore the challenges and opportunities raised by this concept for researchers, practitioners and teachers. Social Capital and Economic Development is based upon a consistent, policy-based vision of how social capital affects well-being in developing countries.

This article uses panel survey data for Cote d'Ivoire to investigate the determinants of welfare gains and losses of households over time. A first-difference model is estimated which takes account of initial conditions. For urban areas, it was found that human capital is not only a key...