The analytic models used by family demographers would be strengthened by th
e concept of social capital, placed in the context of social exchange theor
y. Using that concept to designate resources that emerge from social ties,
the authors advance five propositions: 1) social capital is a multidimensio
nal attribute of an individual; 2) the dimensions of social capital are the
number of relationships a person has, their quality (strength), and the re
sources available through those relationships; 3) group membership and inte
raction facilitate the development of social capital; 4) the structural pro
perties of groups influence the development of social capital; and 5) the a
cquisition and maintenance of social capital is a major motivator of human
behavior. The formation of sexual partnerships, the birth and rearing of ch
ildren, and both intragenerational and intergenerational transfers constitu
te major forms of investment in social capital in virtually all societies.