Social capital as good culture:
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 conser...
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| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2007
|
| Series: | Working paper series / National Bureau of Economic Research
13712 |
| Online Access: | Volltext |
| Summary: | 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 differences in priors across regions are reflected in the spirit of the novels that originate from those regions. |
| Physical Description: | 35 S. 22 cm |
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| 520 | |a 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 differences in priors across regions are reflected in the spirit of the novels that originate from those regions. | ||
| 700 | 1 | |a Sapienza, Paola |e Verfasser |0 (DE-588)129251704 |4 aut | |
| 700 | 1 | |a Zingales, Luigi |d 1963- |e Verfasser |0 (DE-588)128432322 |4 aut | |
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| 856 | 4 | 1 | |u http://papers.nber.org/papers/w13712.pdf |z kostenfrei |3 Volltext |
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| author | Guiso, Luigi 1955- Sapienza, Paola Zingales, Luigi 1963- |
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| id | DE-604.BV023593607 |
| illustrated | Not Illustrated |
| index_date | 2024-07-02T22:41:32Z |
| indexdate | 2024-07-09T21:25:15Z |
| institution | BVB |
| language | English |
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| physical | 35 S. 22 cm |
| publishDate | 2007 |
| publishDateSearch | 2007 |
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| publisher | National Bureau of Economic Research |
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| series2 | Working paper series / National Bureau of Economic Research |
| spelling | Guiso, Luigi 1955- Verfasser (DE-588)129191639 aut Social capital as good culture Luigi Guiso ; Paola Sapienza ; Luigi Zingales Cambridge, Mass. National Bureau of Economic Research 2007 35 S. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 13712 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 differences in priors across regions are reflected in the spirit of the novels that originate from those regions. Sapienza, Paola Verfasser (DE-588)129251704 aut Zingales, Luigi 1963- Verfasser (DE-588)128432322 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 13712 (DE-604)BV002801238 13712 http://papers.nber.org/papers/w13712.pdf kostenfrei Volltext |
| spellingShingle | Guiso, Luigi 1955- Sapienza, Paola Zingales, Luigi 1963- Social capital as good culture |
| title | Social capital as good culture |
| title_auth | Social capital as good culture |
| title_exact_search | Social capital as good culture |
| title_exact_search_txtP | Social capital as good culture |
| title_full | Social capital as good culture Luigi Guiso ; Paola Sapienza ; Luigi Zingales |
| title_fullStr | Social capital as good culture Luigi Guiso ; Paola Sapienza ; Luigi Zingales |
| title_full_unstemmed | Social capital as good culture Luigi Guiso ; Paola Sapienza ; Luigi Zingales |
| title_short | Social capital as good culture |
| title_sort | social capital as good culture |
| url | http://papers.nber.org/papers/w13712.pdf |
| volume_link | (DE-604)BV002801238 |
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