Understanding the American Decline in Social Capital, 1952-1998

  title={Understanding the American Decline in Social Capital, 1952-1998},
  author={Dora L. Costa and Matthew E. Kahn},
Social capital describes both the relations across and within families. Loury(1977) emphasized the importance of social capital within the home for the de-velopment of children. These relations between parents and children and organ-izations and individuals are valuable because they increase trust between indi-viduals and allow them to work together to achieve common economic andpolitical goals. Tocqueville (1840/1981, pp.137–141) argued that democraticcountries that lost the habit of… Expand
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