This paper documents the co-evolution of social capital, measured as generalized trust, and financial development over … the twentieth century. I use cross generations inherited trust of Americans with foreign ancestors to track trust in their … home country in 1913 and 1990. The paper documents a positive cross-section relationship between trust and financial …

This paper investigates the relationship between trust and macroeconomic volatility. In a cross section of countries …, we show that higher trust is associated with lower macroeconomic instability. We use the inherited trust of Americans as … an instrumental variable of trust in their origin country to overcome all potential reverse causality concerns. We use …

retirement incentives set by governments. We show the importance of trust given to the employer in wage negotiations by a simple … of the distribution of trust to employers at the country level. We then identify these properties by an empirical study … conditions. This results also applies to countries with higher generalized trust. …

This paper documents the co-evolution of social capital, measured as generalized trust, and financial development over … the twentieth century. I use cross generations inherited trust of Americans with foreign ancestors to track trust in their … home country in 1913 and 1990. The paper documents a positive cross-section relationship between trust and financial …

We show the existence of a twin peaks relation between trust and the size of the welfare state that stems from two …

We show the existence of a twin peaks relation between trust and the size of the welfare state that stems from two …

This paper investigates the relationship between trust and macroeconomic volatility. An illustrative model rationalizes … the relationship between trust and volatility. In this model, trust relaxes credit constraints and diminishes investment …'s procyclicality. I provide empirical evidence for the basic predictions of the model. Then, I show that higher trust is associated …

aftermath of geo-localized social protests in Africa, we find that trust in monitoring institutions and beliefs in social … coordination strongly evolve after riots, together with trust in leaders. As no signs of social unrest can be recorded before, the …