Economic development, inequality and generalized trust
dc.contributor.author
dc.date.accessioned
2020-02-13T07:56:29Z
dc.date.available
2020-02-13T07:56:29Z
dc.date.issued
2020-02-05
dc.identifier.issn
1545-2921
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dc.description.abstract
Individuals turn towards identifiable in-groups to reduce uncertainty in social interaction. By reducing existential uncertainty, economic development undermines the rationality of in-group bias and, as such, facilitates the emergence of generalized trust. Conversely, income inequality may undermine generalized trust because it makes social interaction less predictable. In view of this, we argue that the positive impact of economic development on generalized trust is likely to be undermined by income inequality. Our empirical evidence, based on a panel of up to 89 countries, and controlling for the influence of potentially confounding covariates and the real possibility that generalized trust can impact on both development and inequality, provides robust support for this assertion. Thus, if generalized trust is to be sustained, attention should be given to both the growth and distribution of income
dc.description.sponsorship
We are grateful to both the Spanish Ministry of Economy and Competitiveness and the Generalitat de Catalunya for nancial support through grants ECO2016-75623-R and 2017 SGR 0558 respectivel
dc.format.extent
6 p.
dc.format.mimetype
application/pdf
dc.language.iso
eng
dc.publisher
Economics Bulletin
dc.relation.isformatof
Versió postprint del document publicat a: http://www.accessecon.com/Pubs/EB/2020/Volume40/EB-20-V40-I1-P26.pdf
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© Economics Bulletin, 2020, vol. 40, nÚm. 1, p. 286-291
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Articles publicats (D-EC)
dc.rights
Tots els drets reservats
dc.source
Kyriacou, Andreas P. Trivin Garcia, Pedro 2020 Economic development, inequality and generalized trust Economics Bulletin 40 1 286 291
dc.subject
dc.title
Economic development, inequality and generalized trust
dc.type
info:eu-repo/semantics/article
dc.rights.accessRights
info:eu-repo/semantics/openAccess
dc.type.version
info:eu-repo/semantics/acceptedVersion
dc.identifier.idgrec
031048
dc.type.peerreviewed
peer-reviewed