published in: European Economic Review, 2007, 51 (1), 183-202
This paper analyzes data for a random sample drawn from the Dutch population who reveal
their propensity to invest and reward investments in building up social capital by means of an
economic experiment. We find substantial heterogeneity in the propensity to invest and in the
propensity to reward investments. In particular, we find strong evidence that the young,
elderly, and low educated individuals invest relatively less, but are relatively more likely to
reward investments in social capital. On the other hand, labor market participation, income,
and religion do not have any significant impact on behavior in the experiment.
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