Edited by Sherman Folland and Eric Nauenberg
Chapter 5: Social capital and health across the life cycle
This chapter applies the life cycle explanation of models by Modigliani (Modigliani and Brumberg, 1980) and by Glaeser et al. (2002) to guide investment in the social services available to people, especially the elderly. Do people invest in their own social capital so that it will be there when needed? The chapter identifies four pathways by which social capital benefits the elderly: providing information; reducing stress; developing personal responsibility; and social groups acting in concert.
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