Institutions are important for proper economic performance, but are replaceable by trust or other social norms. We show … that when proper institutions and trust are missing, integrity of the individuals can replace them. We construct a model of …) trust, or (3) integrity, foster economic growth. We construct data of economic performance of social groups in Lebanon …

preferences such as risk preference, and crucial beliefs about the world, such as trust. This paper provides evidence on the three …

This paper investigates how group membership and competition among trustors interact with trust and trustworthiness in … a laboratory one-shot trust game. To analyze these effects, we apply a 2x2 design. We induce group membership by letting …

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 … the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …