Social Capital as Good Culture

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dc.contributor.authorGUISO, Luigi
dc.contributor.authorSAPIENZA, Paola
dc.contributor.authorZINGALES, Luigi
dc.date.accessioned2007-12-17T15:39:21Z
dc.date.available2007-12-17T15:39:21Z
dc.date.issued2007
dc.description.abstractTo 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.format.mimetypeapplication/pdf
dc.identifier.issn1725-6704
dc.identifier.urihttps://hdl.handle.net/1814/7690
dc.language.isoenen
dc.neeo.contributorGUISO|Luigi|aut|EUI70005
dc.neeo.contributorSAPIENZA|Paola|aut|
dc.neeo.contributorZINGALES|Luigi|aut|
dc.publisherEuropean University Institute
dc.relation.ispartofseriesEUI ECOen
dc.relation.ispartofseries2007/57en
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectA13en
dc.subjectN00en
dc.subjectO1en
dc.subjectSocial capitalen
dc.subjectCultureen
dc.subjectTrusten
dc.titleSocial Capital as Good Cultureen
dc.typeWorking Paperen
dspace.entity.typePublication
eui.subscribe.skiptrue
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