ePrints

Trust, inequality and the market

Lookup NU author(s): Professor Daniel ZizzoORCiD

Downloads

Full text for this publication is not currently held within this repository. Alternative links are provided below where available.

Abstract

This article examines, experimentally, whether inequality affects the social capital of trust in non-market and market settings. We consider three experimental treatments, one with equality, one with inequality but no knowledge of the income of other agents, and one with inequality and knowledge. Inequality, particularly when it is known, has a corrosive effect on trusting behaviours in this experiment. Agents appear to be less sensitive to known relative income differentials in markets than they are in the non-market settings, but trust in markets appears generally more vulnerable to the introduction of inequality than in the non-market setting.

Publication metadata

Author(s): Hargreaves-Heap SP, Tan JHW, Zizzo DJ

Publication type: Article

Publication status: Published

Journal: Theory and Decision

Year: 2013

Volume: 74

Issue: 3

Pages: 311-333

Print publication date: 01/03/2013

Online publication date: 11/12/2011

ISSN (print): 0040-5833

ISSN (electronic): 1573-7187

Publisher: Springer US

URL: http://dx.doi.org/10.1007/s11238-011-9287-y

DOI: 10.1007/s11238-011-9287-y

Altmetrics

Share