Do Trust and Trustworthiness Pay Off?
AbstractAre individuals who trust others better off than those who do not? Do trustworthy people prosper more than untrustworthy ones? We formulate and, using data from the World Values Survey, empirically evaluate predictions about the relationship between an individual’s income and his self-reported attitudes toward trust and trustworthiness, and predictions about how these relationships are mediated by the average level of trust and trustworthiness in the country. On average, exhibiting trust has a positive, while exhibiting trustworthiness has a negative impact on income. More strikingly, the payoff to being trustworthy increases with the average level of trust in a given country.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Journal of Human Resources.
Volume (Year): 40 (2005)
Issue (Month): 3 ()
Contact details of provider:
Web page: http://jhr.uwpress.org/
Other versions of this item:
- J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
- H40 - Public Economics - - Publicly Provided Goods - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Card, David, 1999. "The causal effect of education on earnings," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 30, pages 1801-1863 Elsevier.
- Altonji, Joseph G. & Blank, Rebecca M., 1999.
"Race and gender in the labor market,"
Handbook of Labor Economics,
in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 48, pages 3143-3259
- Joshua Angrist & Alan Krueger, 1998.
"Empirical Strategies in Labor Economics,"
98-7, Massachusetts Institute of Technology (MIT), Department of Economics.
- Scheinkman, Jose A. & Soutter, Christine L. & Glaeser, Edward Ludwig & Laibson, David I., 2000.
4481497, Harvard University Department of Economics.
- Andrei Shleifer & Robert W. Vishny, 1998.
"The Quality of Government,"
Harvard Institute of Economic Research Working Papers
1847, Harvard - Institute of Economic Research.
- Zak, Paul J & Knack, Stephen, 2001. "Trust and Growth," Economic Journal, Royal Economic Society, vol. 111(470), pages 295-321, April.
- Avinash Dixit, 2003.
"On Modes of Economic Governance,"
Econometric Society, vol. 71(2), pages 449-481, March.
- Isacsson, Gunnar, 1999. "Estimates of the return to schooling in Sweden from a large sample of twins," Labour Economics, Elsevier, vol. 6(4), pages 471-489, November.
- Harmon, Colm & Walker, Ian, 1995.
"Estimates of the economic return to schooling for the United Kingdom,"
Open Access publications from University College Dublin
urn:hdl:10197/647, University College Dublin.
- Harmon, Colm & Walker, Ian, 1995. "Estimates of the Economic Return to Schooling for the United Kingdom," American Economic Review, American Economic Association, vol. 85(5), pages 1278-86, December.
- Danielson, Anders & Holm, Hakan J, 2002. "Trust in the Tropics? Experimental Evidence from Tanzania," Working Papers 2002:12, Lund University, Department of Economics.
- Hong, Kessely & Bohnet, Iris, 2007.
"Status and distrust: The relevance of inequality and betrayal aversion,"
Journal of Economic Psychology,
Elsevier, vol. 28(2), pages 197-213, April.
- Hong, Kesseley & Bohnet, Iris, 2004. "Status and Distrust: The Relevance of Inequality and Betrayal Aversion," Working Paper Series rwp04-041, Harvard University, John F. Kennedy School of Government.
- Heineck, Guido & Süssmuth, Bernd, 2012.
"A different look at Lenin's legacy: Social capital and risk taking in the two Germanies,"
118, University of Leipzig, Faculty of Economics and Management Science.
- Heineck, Guido & Süssmuth, Bernd, 2013. "A different look at Lenin’s legacy: Social capital and risk taking in the Two Germanies," Journal of Comparative Economics, Elsevier, vol. 41(3), pages 789-803.
- Abigail Barr & Pieter Serneels, 2004.
"Wages and Reciprocity in the Workplace,"
Economics Series Working Papers
WPS/2004-18, University of Oxford, Department of Economics.
- Abigail Barr & Pieter Serneels, 2004. "Wages and Reciprocity in the Workplace," CSAE Working Paper Series 2004-18, Centre for the Study of African Economies, University of Oxford.
- Abigail Barr & Pieter Serneels, 2004. "Wages and Reciprocity in the Workplace," Development and Comp Systems 0409064, EconWPA.
- repec:ese:iserwp:2006-31 is not listed on IDEAS
- Helmut Rainer & Thomas Siedler, 2006. "Does Democracy Foster Trust? Evidence from the German Reunification," Economics Discussion Papers 613, University of Essex, Department of Economics.
- Peter Katuscak & Joel Slemrod, 2006. "Trust and Trustworthiness in an Economy with Heterogeneous Individuals," CERGE-EI Working Papers wp305, The Center for Economic Research and Graduate Education - Economic Institute, Prague.
- Helmut Rainer & Thomas Siedler, 2006.
"Does Democracy Foster Trust?,"
Discussion Papers of DIW Berlin
609, DIW Berlin, German Institute for Economic Research.
- Helmut Rainer & Michael Siedler, 2006. "Does democracy foster trust?," Discussion Paper Series, Department of Economics 200602, Department of Economics, University of St. Andrews.
- Rainer, Helmut & Siedler, Thomas, 2006. "Does Democracy Foster Trust?," IZA Discussion Papers 2154, Institute for the Study of Labor (IZA).
- Johansson-Stenman, Olof, 2006.
"Who Are the Trustworthy, We Think?,"
Working Papers in Economics
222, University of Gothenburg, Department of Economics.
- Breuer, Janice Boucher & McDermott, John, 2009. "Trustworthiness and economic performance," MPRA Paper 16777, University Library of Munich, Germany.
- Nava Ashraf & Iris Bohnet & Nikita Piankov, 2004.
"Is Trust a Bad Investment?,"
CREMA Working Paper Series
2004-07, Center for Research in Economics, Management and the Arts (CREMA).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.