Social-Cultural Capital and Domain Satisfaction

Abstract

We analyze the relevance of social resources in different domain satisfactions (finances, job, health, housing, and leisure) as well as the possible sources of endogeneity in the relationship between the two concepts, the differential effect of factors across domains, and the correlation between the domains. The findings could be important to improve citizens’ quality of life. First, we find that social contacts are less relevant in domain satisfactions after controlling for endogeneity problems, while trust and worries remain relevant. Thus, it is convenient to control for endogeneity problems when analyzing satisfaction. Secondly, there are small differences across the effects of most factors on the different domain satisfactions, which are correlated.