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Fear of Sudden Stops : Lessons from Australia and Chile

Caballero, Ricardo - 2004

vulnerability, drawing lessons from a detailed comparison of the response of Chile and Australia to recent external shocks and from … Australia's historical experience. We argue that in order to understand sudden stops and the mechanisms to smooth them, it is … useful to identify and then distinguish between two inter-related dimensions of investors' confidence: country-trust and …

Persistent link: https://www.econbiz.de/10012468174

The Determinants of Trust

Alesina, Alberto - 2000

Both individual experiences and community characteristics influence how much people trust each other. Using data drawn from US localities we find that the strongest factors that reduce trust are: i) a recent history of traumatic experiences, even though the passage of time reduces this effect...

Persistent link: https://www.econbiz.de/10012471150

What is Social Capital? The Determinants of Trust and Trustworthiness

Glaeser, Edward L. - 1999

Using a sample of Harvard undergraduates, we analyze trust and social capital in two experiments. Trusting behavior and trustworthiness rise with social connection; differences in race and nationality reduce the level of trustworthiness. Certain individuals appear to be persistently more...

Persistent link: https://www.econbiz.de/10012471573

Trusting the Stock Market

Guiso, Luigi - 2005

We provide a new explanation to the limited stock market participation puzzle. In deciding whether to buy stocks, investors factor in the risk of being cheated. The perception of this risk is a function not only of the objective characteristics of the stock, but also of the subjective...

Persistent link: https://www.econbiz.de/10012467028

Who Makes Acquisitions? CEO Overconfidence and the Market's Reaction

Malmendier, Ulrike - 2004

Overconfident CEOs over-estimate their ability to generate returns. Thus, on the margin, they undertake mergers that destroy value. They also perceive outside finance to be over-priced. We classify CEOs as overconfident when, despite their under-diversification, they hold options on company...

Persistent link: https://www.econbiz.de/10012467876

Do Trust and Trustworthiness Pay Off?

Slemrod, Joel - 2002

Are individuals who trust others better off than those who do not? Do trustworthy people prosper more than untrustworthy ones? We first pose these questions in a search model where individuals face repeated choices between trusting (initiating an investment transaction) and not trusting, and...

Persistent link: https://www.econbiz.de/10012469510

Social Capital, Trust and Well-being in the Evaluation of Wealth

Hamilton, Kirk - 2016

We combine theory with data from different domains to provide an empirical analysis of the scale and variability of social capital as wealth. This is used to argue, given what we have learned in the literature on social capital, that the welfare returns to investing in trust could be...

Persistent link: https://www.econbiz.de/10012456123

Corporate Resilience to Banking Crises : The Roles of Trust and Trade Credit

Levine, Ross - 2016

Are firms more resilient to systemic banking crises in economies with higher levels of social trust? Using firm-level data in 34 countries from 1990 through 2011, we find that liquidity-dependent firms in high-trust countries obtain more trade credit and suffer smaller drops in profits and...

Persistent link: https://www.econbiz.de/10012456522

The Welfare Costs of Well-being Inequality

Goff, Leonard - 2016

If satisfaction with life (SWL) is used to measure individual wellbeing, the dispersion of its distribution offers a comprehensive measure of inequality that subsumes the many and various component forms of inequality in particular domains. The cross-country correlation between the level of SWL...

Persistent link: https://www.econbiz.de/10012456772

Can Consumers Detect Lemons? Information Asymmetry in the Market for Child Care

Mocan, H. Naci - 2001

This paper applies direct tests for adverse selection and moral hazard in the market for child care. A unique data set containing quality measures of various characteristics of child care provided by 746 rooms in 400 centers, as well as the evaluation of the same attributes by 3,490 affiliated...

Persistent link: https://www.econbiz.de/10012470433

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