Trust and Growth

Using data from US states, we find a positive relationship between trust and growth. According to our results, a 10 percentage point increase in trust increases the growth rate of per capita income by 0.5 percentage point, growth rate of housing prices by 1.25 percentage points, and the growth rate of employment by 2.5 percentage points over a decade.


Issue Date:
2007
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/9094
Total Pages:
73
JEL Codes:
Z13; R11
Series Statement:
KTHC Nota di Lavoro 73.2007




 Record created 2017-04-01, last modified 2017-08-23

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