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 …

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 …

. Using individual and county-level data, we document large causal effects on trust and ethnic identity of an exogenous …-ethnic dimensions. We find that more intense fighting decreases generalized trust and increases ethnic identity. The effects are …

transmission tends to be biased toward excessively conservative priors. As a result, societies can be trapped in a low-trust … equilibrium. In this context, a temporary shock to the return to trusting can have a permanent effect on the level of trust. We …

. 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 … result allows us to use the inherited trust of second-generation Americans as a time-varying instrument to track back the …

factors that affect trust at a local level (‘localised trust’) and at a national level (‘generalised trust’). Trust is … positively associated with the respondent’s education, and negatively associated with the amount of time spent commuting. At a … neighbourhood level, trust is higher in affluent areas, and lower in ethnically and linguistically heterogeneous communities, with …

We argue that social capital as proxied by regional trust and the Rule of Law can improve aggregate productivity …. Trust and the Rule of Law appear to facilitate delegation by improving co-operation, even when we examine "bilateral trust …" between the country of origin and location for affiliates of multinational firms. We show that areas with higher trust and …

performance is nonlinear. The evidence supports the idea that progressive education promotes social capital. …

This paper surveys the empirical literature on the growth effects of education and social capital. The main focus is on … clarify where empirical work on education using macro data may be relatively useful. It is argued that on balance, the recent … cross-country evidence points to productivity benefits of education that are at least as large as those identified by labour …