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This survey reviews the recent research on trust, institutions and growth. It discusses the various measures of trust … and documents the substantial heterogeneity of trust across space and time. The conceptual mechanisms and the methods … employed to identify the causal impact of trust on economic performance are reviewed. We document the mechanisms of …
Persistent link: https://www.econbiz.de/10010766380
We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual-level, idiosyncratic risk implies that distinct...
Persistent link: https://www.econbiz.de/10008926963
A large and growing literature links high levels of ethnic diversity to low levels of public goods provision. Yet while the empirical connection between ethnic heterogeneity and the underprovision of public goods is widely accepted, there is little consensus on the specific mechanisms through...
Persistent link: https://www.econbiz.de/10005700854
This paper examines the economic origins of the Islamic revival that took place in Egypt in the 1970-80s, and in Muslim societies more generally. We provide the first systematic evidence of a decline in social mobility among educated youth in Egypt. Developing a behavioral model of religion, we...
Persistent link: https://www.econbiz.de/10010676292
This paper examines the effect of exposure to a culture of easier divorce as a minor on generalized trust using the … unilateral divorce reforms across the US. According to the results, the divorce revolution seems to have had some effect on trust … effects for women with an additional year of exposure being associated with a 4 percentage point lower generalized trust in …
Persistent link: https://www.econbiz.de/10010884339
This paper investigates in a principal-agent environment whether and how group membership influences the effectiveness of incentives and when incentives can have “hidden costs”, i.e., a detrimental effect. We show experimentally that in all interactions control mechanisms can have hidden...
Persistent link: https://www.econbiz.de/10011252294
We establish an inverse relationship between family ties, generalized trust and political participation. The more … political participation. The latter, together with trust, are part of what is known as social capital, therefore in this paper …
Persistent link: https://www.econbiz.de/10005015489
Trust is a concept that has attracted significant attention in economic theory and research within the last two decades … claiming to measure trust, and how these different measures are related. Using nationally representative data, we test a … commonly used experimental measure of trust for robustness to a number of interferences, finding it to be mostly unsusceptible …
Persistent link: https://www.econbiz.de/10005703605
trust-game’ experiment in eliciting information about clear and cogent notions of trusting and trustworthiness, and in the … second part we present an alternative design, which we call the ‘framed binary trust game’. The basic design will be … the experiment a better representation of real-life trust decisions. We plan in a second stage to run the extended …
Persistent link: https://www.econbiz.de/10005703833
children through purposeful investments. We exploit information on the risk and trust attitudes of parents and their children … respect to risk and trust attitudes and thus transmit their own attitudes more strongly. The results are robust to including …
Persistent link: https://www.econbiz.de/10010676290