Trust, inequality and the market

Hargreaves Heap, S.P., Zizzo, D.J. and Tan, J.H.W. (2013) Trust, inequality and the market. Theory and Decision, 74 (3). pp. 311-333.

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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. © 2011 Springer Science+Business Media, LLC.

Item Type: Article
Faculty \ School: Faculty of Social Sciences > School of Economics
University of East Anglia > Faculty of Social Sciences > Research Groups > Applied and Financial Economics
University of East Anglia > Faculty of Social Sciences > Research Groups > Experimental Economics
University of East Anglia > Faculty of Social Sciences > Research Groups > Industrial Economics
University of East Anglia > Faculty of Social Sciences > Research Groups > Behavioural and Experimental Economics
University of East Anglia > Faculty of Social Sciences > Research Groups > Media@uea
University of East Anglia > Faculty of Arts and Humanities > Research Groups > Media@uea
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Depositing User: Julie Frith
Date Deposited: 09 Feb 2012 12:17
Last Modified: 25 Jul 2018 03:56
URI: https://ueaeprints.uea.ac.uk/id/eprint/36965
DOI: 10.1007/s11238-011-9287-y

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