Lost job, lost trust? On the effect of involuntary job loss on trust

Tim Friehe and Jan Marcus

Journal of Economic Psychology, 2021, vol. 84, issue C

Abstract: This paper tests the conjecture that involuntary job loss erodes trust. Using the German Socio-Economic Panel and considering how trust evolves over a quinquennial time interval, we find that job loss decreases trust by about 9 percent of a standard deviation.

Keywords: Trust; Job loss; Unemployment; SOEP (search for similar items in EconPapers)
JEL-codes: J24 J64 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:joepsy:v:84:y:2021:i:c:s0167487021000088

DOI: 10.1016/j.joep.2021.102369

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