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Theorists and policy analysts have convincingly argued that greater trust makes a more efficient society by eliminating … trust-building contract device: satisfaction guaranteed. We find that satisfaction guaranteed indeed builds trust and … it is fully voluntary, but the guarantee only elicits the trust of buyers when it has legal backing …
Persistent link: https://www.econbiz.de/10012957379
reciprocity, altruism, and trust from 80,000 individuals in 76 countries. The data reveal substantial heterogeneity in preferences …
Persistent link: https://www.econbiz.de/10012945159
model is that individuals in low trust countries want more government intervention even though the government is corrupt. We … government's role, as well as on changes in beliefs and in trust during the transition from socialism …
Persistent link: https://www.econbiz.de/10012757998
integration among European regions. We find regions, where the level of confidence and trust is high, are more financially …
Persistent link: https://www.econbiz.de/10012759795
welfare returns to investing in trust could be substantial. Using social trust data from 132 nations covered by the Gallup … World Poll, we present a range of estimates of social trust's wealth-equivalent values. The estimates of the wealth embodied …. These estimates reflect values above and beyond what social trust contributes to supporting incomes and health. Although …
Persistent link: https://www.econbiz.de/10012984136
and frequency of use of social networks, combined with a number of measures of general and domain-specific trust, which … are often used to gauge effective social capital. Using these measures we find that trust and social network size and use …
Persistent link: https://www.econbiz.de/10013143170
political participation. We also show that strong family ties appear to be a substitute for generalized trust, rather than a … complement to it. These three constructs-civic engagement, political participation, and trust- are part of what is known as …
Persistent link: https://www.econbiz.de/10013150644
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 …
Persistent link: https://www.econbiz.de/10013310596
Using a sample of Harvard undergraduates, we analyze trust and social capital in two experiments. Trusting behavior and … questions about trust predict trustworthiness not trust. Only children are less trustworthy. People behave in a more trustworthy …
Persistent link: https://www.econbiz.de/10013212348
We examine the choice between Foreign Direct Investment and Foreign Portfolio Investment at the level of the source country. Based on a theoretical model, we predict that (1) source countries with higher probability of aggregate liquidity crises export relatively more FPI than FDI, and (2) this...
Persistent link: https://www.econbiz.de/10012759578