Understanding the American Decline in Social Capital, 1952-1998

@inproceedings{Costa2003UnderstandingTA,
  title={Understanding the American Decline in Social Capital, 1952-1998},
  author={Dora L. Costa and Matthew E. Kahn},
  year={2003}
}
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… 

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Justification for the Study

TLDR
Woolcock (1998) identifies social capital’s greatest benefit as allowing a common language across multiand interdisciplinary approaches to finally exchange and constructively debate ways of addressing major socio-political issues of the authors' time.
...

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