Individual Social Capital and Expectations of Career Advancement

Abstract

[Abstract] This article studies the association between the characteristics of individuals’ social networks and expectations of career advancement, including pay raises and job promotions. The literature has extensively documented the role of social capital as a determinant of labour market outcomes. However, the formation of expectations constitutes another critical path by which social ties may affect work through their influence on individual motivation and behaviour. This study attempts to explain the relationship between social capital and career-related expectations and empirically assesses these associations by employing data from a survey administered to a representative sample of the Spanish population. Our findings suggest that the ability to mobilise network resources is positively linked with both measures of career advancement. However, access to the upper class is only positively associated with expecting a pay rise. Additionally, for non-employed individuals, higher mobilisation is positively associated with the expectation of an increase in income.