Income Losses, Cash Transfers and Trust in Financial and Political Institutions: Survey Evidence from the Covid-19 Crisis-Reference-Cited by-同舟云学术

Income Losses, Cash Transfers and Trust in Financial and Political Institutions: Survey Evidence from the Covid-19 Crisis

Published:2022-07-01 Issue:3 Volume:22 Page:647-654
ISSN:1935-1682
Container-title:The B.E. Journal of Economic Analysis & Policy
language:en
Short-container-title:

Author:

Immordino Giovanni¹^ORCID,Oliviero Tommaso²^ORCID,Zazzaro Alberto²

Affiliation:

1. Department of Economics and Statistics , University of Naples Federico II , Napoli , Italy

2. Universita degli Studi di Napoli Federico II Complesso Universitario di Monte Sant’Angelo , Napoli , Italy

Abstract

Abstract Using a survey of Italian households, we find that large income losses suffered during the first wave of the Covid-19 pandemic in 2020 are associated with a decline in trust towards political (i.e. Italian Central Government and the EU Parliament) and financial (i.e. ECB and Italian commercial banks) institutions in the management of the Covid-19. The decline is lower for households who received public transfers in the wake of the pandemic. Our results highlight that household exposure to economic losses if not compensated by government income support measures are an important determinant of mistrust in institutions for the management of an economic crisis.

Funder

Ministero dell’Istruzione, dell’Università e della Ricerca

Publisher

Walter de Gruyter GmbH

Subject

Economics, Econometrics and Finance (miscellaneous),Economics and Econometrics

Link

https://www.degruyter.com/document/doi/10.1515/bejeap-2022-0108/pdf

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