Social Capital as Good Culture

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dc.contributor.author GUISO, Luigi
dc.contributor.author SAPIENZA, Paola
dc.contributor.author ZINGALES, Luigi
dc.date.accessioned 2007-12-17T15:39:21Z
dc.date.available 2007-12-17T15:39:21Z
dc.date.issued 2007
dc.identifier.issn 1725-6704
dc.identifier.uri http://hdl.handle.net/1814/7690
dc.description.abstract To explain the extremely long-term persistence (more than 500 years) of positive historical experiences of cooperation (Putnam, 1993), we model the intergenerational transmission of priors about the trustworthiness of others. We show that this transmission tends to be biased toward excessively conservative priors. As a result, societies can be trapped in a low-trust equilibrium. In this context, a temporary shock to the return to trusting can have a permanent effect on the level of trust. We validate the model by testing its predictions on the World Values Survey data and the German Socio Economic Panel. We also present some anecdotal evidence that these priors are reflected in the novels originated in different parts of the country. en
dc.language.iso en en
dc.publisher European University Institute
dc.relation.ispartofseries EUI ECO en
dc.relation.ispartofseries 2007/57 en
dc.subject A13 en
dc.subject N00 en
dc.subject O1 en
dc.subject social capital en
dc.subject culture en
dc.subject trust en
dc.title Social Capital as Good Culture en
dc.type Working Paper en
dc.neeo.contributor GUISO|Luigi|aut|EUI70005
dc.neeo.contributor SAPIENZA|Paola|aut|
dc.neeo.contributor ZINGALES|Luigi|aut|
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