This study assesses the impact that human and social capital have on the closure of firms. It proposes and tests firm-level hypotheses on the possible impacts of human and social capital on organizational dissolution, particularly their specificity (i.e., the degree to which the human capital...

We examine the effects of differences in social capital on first and second best transfers to families with children, in an asymmetric information context where the number of births, and the future earning capacity of each child that is born, are random variables. The probability that a couple...

Labor market integration raises welfare in the absence of distortions. This paper examines labor and goods market integration in a general equilibrium model with social capital. The findings are: i) labor market integration has an ambiguous impact on welfare, and raises it if the goods produced...