This paper argues that preference change could explain, in part, the growth of within-group wage inequality in the USA and the UK in the 1980s. The absence of such preference change in continental European countries might also help explain why their wage inequality did not rise in the same way....

This paper offers an explanation of European cross country differences in the trust enjoyed by television. Our argument turns on the way that, while there is significant public ownership of television in all countries (so that trust in broadcasting as a whole is bound to depend importantly on...

We present the results of an experiment where we try to measure the social value of groups. Agents interact with insiders and outsiders in trust games settings and periodically enter markets where they can trade group membership. We found that trust fell when there were groups because of...