Trust, Growth and Well-being: New Evidence and Policy Implications

Yann Algan and Pierre Cahuc

No 7464, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This survey reviews the recent research on trust, institutions and growth. It discusses the various measures of trust and documents the substantial heterogeneity of trust across space and time. The conceptual mechanisms and the methods employed to identify the causal impact of trust on economic performance are reviewed. We document the mechanisms of interactions between trust and economic development in the realms of finance, innovation, the organization of firms, the labor market and the product market. The last part reviews recent progress to identify how institutions and policies can affect trust and well-being.

Keywords: trust; growth; institutions; well-being (search for similar items in EconPapers)
JEL-codes: O11 O43 Z13 (search for similar items in EconPapers)
Pages: 88 pages
Date: 2013-06
New Economics Papers: this item is included in nep-dev, nep-evo, nep-hme, nep-ltv and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (62)

Published - published in: S.N. Durlauf and P. Aghion (eds.): Handbook of Economic Growth, Vol.2 , 2014, 49-120

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Related works:
Chapter: Trust, Growth, and Well-Being: New Evidence and Policy Implications (2014)
Working Paper: Trust, Growth and Well-Being: New Evidence and Policy Implications (2013)
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