This paper combines theory with data from different domains to provide an empirical analysis of the scale and variability of social capital as wealth. The analysis is used to argue, given what has been learned from the literature on social capital, that the welfare returns to investing in trust...

The authors first investigate how income and job characteristics affect life satisfaction, then estimate compensating differentials for non-financial job characteristics. To address potential problems with using life satisfaction data as dependent variables, they draw on three Canadian surveys...