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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
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
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
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
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
I extend the classical general equilibrium treatment of uncertainty about exogenous states of nature to uncertainty about prices. Traders do not know the prices at which markets will clear but have expectations over possible prices. They trade price-contingent securities (derivatives) to insure...
Persistent link: https://www.econbiz.de/10012949397
This paper studies asset pricing and labor market dynamics in a setting in which idiosyncratic risk in human capital is … tail risk in labor earnings arises as a part of an optimal risk-sharing scheme. In equilibrium, exposure to the tail risk … generates higher aggregate risk premia and higher return volatility. Consistent with data, firm-level labor share predicts both …
Persistent link: https://www.econbiz.de/10012911718
This paper provides the first, comprehensive evidence on the question of whether the subsidized flood insurance rates are needed to meet the affordability goal of the National Flood Insurance Program. We use IRS records at the zip code level from 2009 to 2016 to compare the real median incomes...
Persistent link: https://www.econbiz.de/10012891785