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Market Participation and Moral Decision-Making: Experimental Evidence from Greenland

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  • Gustav Agneman
  • Esther Chevrot-Bianco

Abstract

The relationship between market participation and moral values is the object of a long-lasting debate in economics, yet field evidence is mainly based on cross-cultural studies. We conduct rule-breaking experiments in 13 villages across Greenland (N = 543), where stark contrasts in market participation within villages allow us to examine the relationship between market participation and moral decision-making, holding village-level factors constant. First, we document a robust positive association between market participation and moral behaviour towards anonymous others. Second, market-integrated participants display universalism in moral decision-making, whereas non-market participants make more moral decisions towards co-villagers. A battery of robustness tests confirms that the behavioural differences between market and non-market participants are not driven by socioeconomic variables, childhood background, cultural identities, kinship structure, global connectedness and exposure to religious and political institutions.

Suggested Citation

  • Gustav Agneman & Esther Chevrot-Bianco, 2023. "Market Participation and Moral Decision-Making: Experimental Evidence from Greenland," The Economic Journal, Royal Economic Society, vol. 133(650), pages 537-581.
    • Handle: RePEc:oup:econjl:v:133:y:2023:i:650:p:537-581.
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    File URL: http://hdl.handle.net/10.1093/ej/ueac069
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    Cited by:

    1. Ramon P. DeGennaro & Daniel J. Smith, 2023. "Harold A. Black academic conference: an introduction to the special issue," Public Choice, Springer, vol. 197(3), pages 317-324, December.

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