Community currency systems attempt to empower the economically marginalized and build social capital. This research explores the role of the elderly in a local voluntary organization. The elderly are potentially very important contributors, yet we know little about their participation in these local exchange networks. Eighty-seven months' worth of transaction data from a "time bank," which has had a total of 950 members, was examined in social network analyses. Measures of quantitative engagement in the system were constructed. The elderly were found to be as active as other members. Qualitative characteristics of the network were also explored. The organization is rather homogeneous, yet exchanges within it tend to connect diverse actors. Male and female seniors undertransact with themselves and with one another, generating bridging social capital. The evidence presented suggests that the participation of the elderly in local currencies is mutually beneficial.

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Ed Collom 2Community currency is an understudied, alternative social movement. These local networks are grassroots, collective efforts to form an alternative market with the hopes of empowering the economically marginalized and building social capital. Original data collected from members of a local currency system are employed to investigate their motivations to join and the congruence between motivating factors and various forms of participation. Four categories of motivations are identified and multivariate models are estimated to assess which are the most salient predictors of differential participation. The results provide some support for the congruence hypothesis. As Knoke (1988) predicted, member motivations play a role in shaping forms of participation. This evidence is used to draw larger implications for social movement research.

Community currency originated as a means to empower the economically marginalized. This paper studies the US population of community currency systems using locally printed money. Eighty-two systems are identified that have been attempted in the United States since 1991. Internet searches and contact with system coordinators indicate that only 20.7% of all systems are active. Regions in which they occur are described; more than one quarter are in Pacific states. City-level Census 2000 data are employed in analyses of environmental conduciveness to determine in which types of social environments local currencies emerge and survive within. Social movement theory is engaged to identify general, population-based resources for local movements. Economic marginality and labor-market-independence hypotheses are also formulated and tested. The major findings indicate that cities with local currencies are characterized by populations with lower household incomes, higher poverty rates, higher unemployment rates, and larger self-employment sectors. Evidence is also presented indicating that community currencies tend to survive in places with younger populations, higher educational attainment, fewer married people, and less residential stability. Implications concerning the future of the community currency movement and its ability to empower the marginalized are drawn.

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