ABSTRACT
This chapter discusses the identity formation in the context of resources made available to people in their social settings and acquired by them in their day-to-day interactions, in terms of various ways of psychologically coping with the conditions of late modernity. It is possible that the concept of identity capital can help in the regard by showing how people can involve themselves in communities represented by the notion of space discussed in the last section. This chapter differentiates the constructs of human and cultural capital from identity capital and claimed that the latter's tangible and intangible assets can provide persons with the ability to adapt to the social conditions of late modern society. Thus, the notion of identity capital provides a way of theorizing 'agency' for persons confronted by the task of individualization, and it does so with the explicit use of established theoretical concepts that have empirical referents.
