In recent years, many social scientists have claimed that trust plays an important role in economic and social … transactions. Despite its proposed importance, the measurement and the definition of trust seem to be not fully settled, and the … identification of the exact role of trust in economic interactions has proven to be elusive. It is still not clear whether trust is …

. We extend the analysis of the effect of trust on portfolio choice to include the dominant component of households …' portfolios, real estate. In a simple model, we show how the effect of trust on expected investment returns affects portfolio … composition, including the share of real estate. Using data from the European Social Survey, we estimate individual-level trust as …

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 …

In recent years, many social scientists have claimed that trust plays an important role in economic and social … transactions. Despite its proposed importance, the measurement and the definition of trust seem to be not fully settled, and the … identification of the exact role of trust in economic interactions has proven to be elusive. It is still not clear whether trust is …

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 …

. We extend the analysis of the effect of trust on portfolio choice to include the dominant component of households …' portfolios, real estate. In a simple model, we show how the effect of trust on expected investment returns affects portfolio … composition, including the share of real estate. Using data from the European Social Survey, we estimate individual-level trust as …

to trust other people – are transmitted from parents to children. Our evidence is based on survey questions that ask … influenced by parents in terms of risk attitudes. Interestingly, for trust there is no impact of family size or birth order … who are similar to parents in terms of risk are similar in terms of trust. We find that the transmission from parents to …