This paper draws on a natural experiment to identify the relationship between income and trust. We use a unique panel … instrumenting average regional income, we find that the effect of income on generalized social trust (the share of respondents … determinants of trust, we show that 10 percent decrease in income is associated with 5 percentage point decrease in trust. Given …

We hypothesize that trust plays an important role in affecting the activeness and effectiveness of the global mutual … fund industry. Empirically, trust is positively associated with the activeness of domestic funds, whereas for … internationals mutual funds conducting cross-border investments activeness is bounded by the trust of low-trust countries. In both …

localized and well-respected administration increased citizens’ trust in local public services. In several Eastern European … Habsburg affiliation increases current trust and reduces corruption in courts and police. Falsification tests of spuriously … moved borders, geographic and pre-existing differences, and interpersonal trust corroborate a genuine Habsburg effect. …

We document that trust in public institutions--and particularly trust in banks, business and government--has declined … over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in … the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …

receivable relative to low-CSR firms. This evidence is consistent with the view that the trust between the firm and its … stakeholders and investors, built through investments in social capital, pays off when the overall level of trust in corporations …

levels of trust, a stronger sense of ethnic identity and a weaker sense of national identity. …

questions in the context of a trust game by asking participants directly about their notions of cheating. We find that: i) both … parties to a trust exchange have implicit notions of what constitutes cheating even in a context without promises or messages …; ii) these notions are not unique - the vast majority of senders would feel cheated by a negative return on their trust …