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We investigate the effects of civic norms and associational networks on crime rates. Civic norms may attach guilt and shame to criminal behaviour, thus increasing its opportunity cost. Associational networks may increase returns to non-criminal activities and raise detection probabilities, but...
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We introduce social capital accumulation into a neoclassical model, showing how it differs from physical and human capital accumulation. We take the view that social capital is crucial to the enjoyment of socially provided goods and that it is mainly accumulated by means of participation to...
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We introduce social capital accumulation into a neoclassical model, showing how it differs from physical and human capital accumulation. We take the view that social capital is crucial to the enjoyment of socially provided goods and that it is mainly accumulated by means of participation to...
Persistent link: https://www.econbiz.de/10009540714
Persistent link: https://www.econbiz.de/10003413461
We develop an evolutionary model of growth in which agents choose how to allocate their time between private and social activities. We argue that a shift from social to private activities may foster market-based growth, but also generate social poverty. Within a formal framework that merges a...
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