 Generalized Trust: An Experimental PerspectiveGianluca Grimalda and Luigi Mittone Chapter 9 in Social Capital, Corporate Social Responsibility, Economic Behaviour and Performance, 2011, pp 260-281 from Palgrave Macmillan Abstract: Abstract Trust in other people is widely regarded as a key determinant for a society’s economic performance. The reason lies in that trust in an ‘unknown other’ (Delhey and Newton 2005) is functional to solving the myriad cooperation problems that affect our relations with other people. As Arrow (1974) puts it, lack of trust — and more generally of moral values — may create inefficiencies so serious as to cause markets to be aborted. At the empirical level, a vast body of evidence has been brought in support of the relevance of trust for a country’s economic development (Knack and Keefer 1997; Putnam et al. 1993), as well as institutional efficiency (La Porta et al. 1999; Rothstein and Uslaner 2005; Sampson et al. 1997). Paldam (2010 infra) examines the relevance of trust at the macro level. In this chapter we focus on the micro level, studying the relationship between individual trust in others and other individual-level variables, and how these are reflected into propensity to cooperate with others in controlled experiments. Keywords: Corporate Social Responsibility; Social Capital; Social Identity; Generalize Trust; General Social Survey (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30618-9_10 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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