Showing 1 - 10 of 52
the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …We document that trust in public institutions--and particularly trust in banks, business and government--has declined … over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in …
Persistent link: https://www.econbiz.de/10008925712
intentions and distributional preferences are consistent with our data while models that focus exclusively on intentions or on …
Persistent link: https://www.econbiz.de/10005661687
Wealthy individuals often voluntarily provide public goods that the poor also consume. Such philanthropy is perceived as legitimizing one’s wealth. Governments routinely exempt the rich from taxation on grounds of their charitable expenditure. We examine the normative logic of this exemption....
Persistent link: https://www.econbiz.de/10005504401
We investigate how vertical unity within a community interacts with horizontal class divisions of an unequal income … distribution. Community is conceptualized in terms of a public good to which all those in the community have equal access, but from … communities. Ideologies of community solidarity may well trump those of class solidarity because of the implicit sharing of …
Persistent link: https://www.econbiz.de/10005666575
In this essay we analyze the relation between long-term growth and institutional development. Relative backwardness has been a constant feature of the history of Latin America. In the wake of Independence the gap between Latin America and the industrializing world was already wide and widened...
Persistent link: https://www.econbiz.de/10008468602
We model networks of relational (or implicit) contracts, exploring how sanctioning power and equilibrium conditions change under different network configurations and information transmission technologies. In our model relations are the links, and the value of the network lies in its ability to...
Persistent link: https://www.econbiz.de/10005114333
Several papers study the effect of trust by using the answer to the World Values Survey (WVS) question “Generally … the level of trust. Glaeser et al. (2000) question the validity of this measure by showing that it is not correlated with … senders’ behaviour in the standard trust game, but only with his trustworthiness. By using a large sample of German households …
Persistent link: https://www.econbiz.de/10005504794
We provide a new explanation to the limited stock market participation puzzle. In deciding whether to buy stocks, investors factor in the risk of being cheated. The perception of this risk is a function not only of the objective characteristics of the stock, but also of the subjective...
Persistent link: https://www.econbiz.de/10005497869
Both individual experiences and community characteristics influence how much people trust each other. Using individual … feelings against racial integration trust relatively less the more racially heterogeneous the community is. … level data drawn from US localities we find that the strongest factors associated with low trust are: i) a recent history of …
Persistent link: https://www.econbiz.de/10005498055
This paper documents a strong positive relationship between individual reported trust levels (obtained from the US … firms). This correlation is robust to the inclusion of all of the previously studied determinants of individual trust, e … competitiveness makes respondents approximately five percent more likely to answer the canonical trust question with a "usually trust …
Persistent link: https://www.econbiz.de/10004973968