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Trust, Happiness, and Pro-Social Behavior

Stefano Carattini and Matthias Roesti

No 8562, CESifo Working Paper Series from CESifo

Abstract: This paper combines several large-scale surveys with different identification strategies to shed new light on the determinants of cooperative behavior. We provide evidence indicating that the well-being maximizing level of trust is above the income maximizing level. Higher trust is also linked to more cooperative and pro-social behaviors, including the private provision of global public goods such as climate change mitigation. Consistent with “warm glow” theories of pro-social behavior, our results show that individuals may enjoy being more cooperative than what would lead them to maximize their income, which is reflected in higher levels of well-being.

Keywords: cooperation; generalized trust; pro-social behaviour; pro-environmental behavior; well-being (search for similar items in EconPapers)
JEL-codes: D64 H41 I31 Q50 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-env, nep-evo and nep-hap
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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