The Well-being of Nations [electronic resource]: The Role of Human and Social Capital /
Healy, Tom.
Organisation for Economic Co-operation and Development.
Organisation for Economic Co operation and DevelopmentContent Provider
Centre for Educational Research and InnovationContent Provider
Côté, Sylvain,1964-
Helliwell, John F.
Field, Simon.
Paris : OECD Publishing,
2001.
In a rapidly changing world, the success of nations, communities and individuals may be linked, more than ever before, to how they adapt to change, learn and share knowledge. This report helps clarify the concepts of human and social capital and evaluates their impact on economic growth and well-being. Although the evidence on social capital is less developed, reflecting the novelty of the concept in economic and social science, the report draws on a number of empirical studies which suggest potentially important linkages between human and social capital. The evidence suggests that human and social capital can be of key importance in contributing to a wide range of positive outcomes, including higher income, life satisfaction and social cohesion. Although there is no evidence for systematic "under-investment" in either human or social capital, concerns are expressed about the distribution and quality of each form of capital and how this might impact on future well-being. There is limited scope for public policy to change the quality, stock and distribution of human and social capital in the short-term. However, a number of areas are discussed in which public, private and voluntary actors may leverage long-term improvements in both human and social capital.
""Foreword""; ""Acknowledgements""; ""Introduction""; ""Table of Contents""; ""Emerging Social and Economic Concerns""; ""1.1. What are todayâ€?s governments and societies concerned about?""; ""1.2. What is happening in some of these key areas of concern?""; ""Figure 1.1.  Relationship between human well-being, economic well-being and GDP""; ""1.3. The inter-relationship between well-being and human and social capital""; ""Figure 1.2.  Key inputs to human well-being and their inter-relationships""; ""1.4. Is well-being sustainable over time?""; ""Notes""; ""The Evidence on Human Capital""
""2.1. Introduction""""2.2. What do we mean by human capital?""; ""2.3. How do we measure human capital?""; ""2.4. How is human capital developed?""; ""Figure 2.1.  Comparative distribution of literacy levels""; ""2.5. How is human capital distributed?""; ""2.6. Changing demand for human capital""; ""2.7. What is the impact of human capital on economic well-being?""; ""2.7.1. The micro-level evidence on earnings and employment""; ""2.7.2. The macro-level evidence on growth in GDP""; ""2.8. What is the impact of human capital on all aspects of human well-being?""; ""2.9. Summing up""
""Notes""""The Evidence on Social Capital""; ""3.1. Introduction""; ""3.2. Different concepts of social capital""; ""3.3. How do we measure social capital?""; ""Table 3.1.  A measure of trust (World Values Study), 1995-96""; ""3.4. The sources of social capital""; ""3.5. Are trust and civic participation changing over time?""; ""3.6. What lies behind changes in levels of trust and civic participation?""; ""3.7. What is the impact of social capital on well-being?""; ""3.8. The relationship between social capital and social inequality""; ""3.9. Impact of social capital on economic well-being""
""3.9.1. Productivity in firms and organisations""""3.9.2. Productivity in regions and neighbourhoods""; ""3.9.3. Job search""; ""3.9.4. Macro-economic benefits""; ""3.10. Conclusion""; ""Notes""; ""Policy Implications and Further Research Needs""; ""4.1. Introduction""; ""4.2. Policies for human capital""; ""4.3. Policies for social capital""; ""Box 4.1.  Policies for social capital: some examples""; ""4.4. Knowledge gaps and future areas of research""; ""4.5. Conclusion""; ""Notes""; ""Some Measures of Well-Being""; ""Figure A.1.  Illustration of the Osberg Index""
""Figure A.2.  International comparisons of trends in economic well-being""""Figure A.2.  International comparisons of trends in economic well-being (cont.)""; ""Figure A.2.  International comparisons of trends in economic well-being (cont.)""; ""Notes""; ""Some Trends in the Social and Economic Environments""; ""Figure B.1.  Real gross domestic product per capita, in constant prices, average based on selecte...""; ""Figure B.2.  Trends in income inequality for the entire population, selected OECD countries, mid-...""
""Figure B.3.  Percentage of children living in relative poverty, selected OECD countries, 1990s""
At head of title: Centre for Educational Research and Innovation.
In a rapidly changing world, the success of nations, communities and individuals may be linked, more than ever before, to how they adapt to change, learn and share knowledge. This report helps clarify the concepts of human and social capital and evaluates their impact on economic growth and well-being. Although the evidence on social capital is less developed, reflecting the novelty of the concept in economic and social science, the report draws on a number of empirical studies which suggest potentially important linkages between human and social capital. The evidence suggests that human and social capital can be of key importance in contributing to a wide range of positive outcomes, including higher income, life satisfaction and social cohesion. Although there is no evidence for systematic "under-investment" in either human or social capital, concerns are expressed about the distribution and quality of each form of capital and how this might impact on future well-being. There is limited scope for public policy to change the quality, stock and distribution of human and social capital in the short-term. However, a number of areas are discussed in which public, private and voluntary actors may leverage long-term improvements in both human and social capital.
Economic development.
Human capital.
Infrastructure (Economics)
Social Capital