Economic development, inequality and generalized trust

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...

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Detalles Bibliográficos
Autores: Kyriacou, Andreas P., Trivin Garcia, Pedro
Tipo de recurso: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2020
País:España
Institución:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositorio:Recercat. Dipósit de la Recerca de Catalunya
OAI Identifier:oai:recercat.cat:10256/17722
Acceso en línea:http://hdl.handle.net/10256/17722
Access Level:acceso abierto
Palabra clave:Distribució de la renda
Desenvolupament econòmic
Income distribution
Economic development
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spelling Economic development, inequality and generalized trustKyriacou, Andreas P.Trivin Garcia, PedroDistribució de la rendaDesenvolupament econòmicIncome distributionEconomic developmentIndividuals 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 incomeWe 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 respectivelEconomics Bulletin2020info:eu-repo/semantics/articleinfo:eu-repo/semantics/acceptedVersionpeer-reviewed6 p.application/pdfhttp://hdl.handle.net/10256/17722http://hdl.handle.net/10256/17722© Economics Bulletin, 2020, vol. 40, nÚm. 1, p. 286-291Articles publicats (D-EC)Kyriacou, Andreas P. Trivin Garcia, Pedro 2020 Economic development, inequality and generalized trust Economics Bulletin 40 1 286 291reponame:Recercat. Dipósit de la Recerca de Catalunyainstname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)Inglésinfo:eu-repo/semantics/altIdentifier/issn/1545-2921Tots els drets reservatsinfo:eu-repo/semantics/openAccessoai:recercat.cat:10256/177222026-05-29T05:05:01Z
dc.title.none.fl_str_mv Economic development, inequality and generalized trust
title Economic development, inequality and generalized trust
spellingShingle Economic development, inequality and generalized trust
Kyriacou, Andreas P.
Distribució de la renda
Desenvolupament econòmic
Income distribution
Economic development
title_short Economic development, inequality and generalized trust
title_full Economic development, inequality and generalized trust
title_fullStr Economic development, inequality and generalized trust
title_full_unstemmed Economic development, inequality and generalized trust
title_sort Economic development, inequality and generalized trust
dc.creator.none.fl_str_mv Kyriacou, Andreas P.
Trivin Garcia, Pedro
author Kyriacou, Andreas P.
author_facet Kyriacou, Andreas P.
Trivin Garcia, Pedro
author_role author
author2 Trivin Garcia, Pedro
author2_role author
dc.subject.none.fl_str_mv Distribució de la renda
Desenvolupament econòmic
Income distribution
Economic development
topic Distribució de la renda
Desenvolupament econòmic
Income distribution
Economic development
description 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
publishDate 2020
dc.date.none.fl_str_mv 2020
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/acceptedVersion
peer-reviewed
format article
status_str acceptedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/10256/17722
http://hdl.handle.net/10256/17722
url http://hdl.handle.net/10256/17722
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/issn/1545-2921
dc.rights.none.fl_str_mv Tots els drets reservats
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Tots els drets reservats
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 6 p.
application/pdf
dc.publisher.none.fl_str_mv Economics Bulletin
publisher.none.fl_str_mv Economics Bulletin
dc.source.none.fl_str_mv © Economics Bulletin, 2020, vol. 40, nÚm. 1, p. 286-291
Articles publicats (D-EC)
Kyriacou, Andreas P. Trivin Garcia, Pedro 2020 Economic development, inequality and generalized trust Economics Bulletin 40 1 286 291
reponame:Recercat. Dipósit de la Recerca de Catalunya
instname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
instname_str Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
reponame_str Recercat. Dipósit de la Recerca de Catalunya
collection Recercat. Dipósit de la Recerca de Catalunya
repository.name.fl_str_mv
repository.mail.fl_str_mv
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