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Publication year
Inherited Trust and Growth
Resource type
Authors/contributors
- Algan, Yann (Author)
- Cahuc, Pierre (Author)
Title
Inherited Trust and Growth
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)
Publication
American Economic Review
Volume
100
Issue
5
Pages
2060-92
Date
2010-12
Citation
Algan, Y., & Cahuc, P. (2010). Inherited Trust and Growth. American Economic Review, 100, 2060–2092.
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