Indexed on: 30 Oct '18Published on: 29 Oct '18Published in: Social Indicators Research
Evidence on income and different forms of social capital associated with subjective and objective well-being calls for a recalibration in the policy balance between targeting different types of social capital and addressing poverty. For instance, renqing and community integration in the form of social networks are associated with improved objective well-being (OWB) or poverty while social capital in the form of trust is positively associated with a boost in subjective well-being (SWB). Age too has different effects on SWB and OWB. While an older person is more satisfied with life, there is however a struggle in owning material things. The lack of correlation between SWB and OWB measures further complicates the policy debate. A robust approach to understanding and enhancing well-being in rural remote areas should thus be an urgent priority in regional policy analyses.