The long shadow of income on trustworthiness
We employ a behavioural measure of trustworthiness obtained from an experiment carried out with a sample of the general British population whose individuals were extensively interviewed on earlier occasions. Our basic finding is that given past income, higher current income increases trustworthiness and, given current income, higher past income reduces trustworthiness. Past income determines the level of financial aspirations and whether or not these are fulfilled by the level of current income affects trustworthiness. We also suspect that past income may also capture heterogeneity in relevant subjects' dispositions, with more opportunistic subjects being less trustworthy and having higher average incomes.
|Date of creation:||22 Mar 2011|
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- Andrew E. Clark & Paul Frijters & Michael A. Shields, 2008.
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- Ermisch, John & Gambetta, Diego & Laurie, Heather & Siedler, Thomas & Uhrig, S.C. Noah, 2008. "Measuring people's trust," ISER Working Paper Series 2007-32, Institute for Social and Economic Research.
- JÃ¤ckle, Annette & Sala, Emanuela & Jenkins, Stephen P. & Lynn, Peter, 2004. "Validation of survey data on income and employment: the ISMIE experience," ISER Working Paper Series 2004-14, Institute for Social and Economic Research.
- Annette Jäckle & Emanuela Sala & Stephen P. Jenkins & Peter Lynn, 2005. "Validation of Survey Data on Income and Employment: The ISMIE Experience," Discussion Papers of DIW Berlin 488, DIW Berlin, German Institute for Economic Research.
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