We model the emergence of formal insurance institutions as equilibria under limited contract enforceability where … formal insurance institutions. …

completely after we control for aggregate measures of economic development and quality of institutions. Informal institutions …

This paper aims to show that culture is an important determinant of the effectiveness of formal democratic institutions … elections. These results support the view that social capital complements democratic institutions such as elections. …

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

localized and well-respected administration increased citizens’ trust in local public services. In several Eastern European … countries, communities on both sides of the long-gone Habsburg border have been sharing common formal institutions for a century … Habsburg affiliation increases current trust and reduces corruption in courts and police. Falsification tests of spuriously …

This survey reviews the recent research on trust, institutions and economic development. It discusses the various … institutions and policies can affect trust and promote pro-social behaviors. … measures of trust and documents the substantial heterogeneity of trust across space and time. The conceptual mechanisms that …

performance and its persistence, including institutions and geography. …

trust on economic development relative to other traditional candidates, such as institutions and geography, by controlling …. We first show that trust of second-generation Americans is significantly influenced by the country of origin of their … attitudes. We show that trust inherited by second-generation Americans from their country of origins has changed over time. This …

factors that affect trust at a local level (‘localised trust’) and at a national level (‘generalised trust’). Trust is … neighbourhood level, trust is higher in affluent areas, and lower in ethnically and linguistically heterogeneous communities, with … localised trust for both natives and immigrants, and reduces generalised trust only for immigrants. Instrumental variables …