Inherited Trust and Growth-Reference-Cited by-同舟云学术

Inherited Trust and Growth

Published:2010-12-01 Issue:5 Volume:100 Page:2060-2092
ISSN:0002-8282
Container-title:American Economic Review
language:en
Short-container-title:American Economic Review

Author:

Algan Yann¹,Cahuc Pierre²

Affiliation:

1. Sciences Po, 28 rue des Saints-Pères, 75007, Paris.

2. Ecole Polytechnique, CREST. 15 bv Gabriel Peri, 92245 Malakoff. Cedex.

Abstract

This paper develops a new method to uncover the causal effect of trust on economic growth by focusing on the inherited component of trust and its time variation. We show that inherited trust of descendants of US immigrants is significantly influenced by the country of origin and the timing of arrival of their forebears. We thus use the inherited trust of descendants of US immigrants as a time-varying measure of inherited trust in their country of origin. This strategy allows to identify the sizeable causal impact of inherited trust on worldwide growth during the twentieth century by controlling for country fixed effects. (JEL N11, N12, N31, N32, O47, Z13)

Publisher

American Economic Association

Subject

Economics and Econometrics

Link

https://pubs.aeaweb.org/doi/pdf/10.1257/aer.100.5.2060

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