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- W3125961002 abstract "Much evidence suggests individuals differ in their predisposition to cooperate, which is essentially a component of human capital. This paper examines the role of individual cooperative tendencies and their interactions with institutions in generating social trust; it also endogenizes cooperative tendencies using a human capital investment model. Multiple equilibria and ineffciencies exist due to positive externalities. An innovative fi?nding is that, when institutions are more e¤ective in punishing defecting behaviors, more people invest in cooperative tendencies and hence the endogenous social trust is higher, though the equilibrium cooperative tendencies are lower. This paper provides a plausible explanation for many empirical and experimental results" @default.
- W3125961002 created "2021-02-01" @default.
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- W3125961002 date "2007-01-01" @default.
- W3125961002 modified "2023-09-27" @default.
- W3125961002 title "Building Social Trust: A Human Capital Approach" @default.
- W3125961002 hasPublicationYear "2007" @default.
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