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dc.contributor.authorHeineck, Guidoen_US
dc.contributor.authorSüssmuth, Bernden_US
dc.date.accessioned2011-05-25en_US
dc.date.accessioned2011-06-28T13:55:09Z-
dc.date.available2011-06-28T13:55:09Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/46092-
dc.description.abstractWhat are the long-term effects of Communism on economically relevant notions such as social trust? To answer this question, we use the reunification of Germany as a natural experiment and study the post-reunification trajectory of convergence with regard to individuals' trust and risk, as well as perceived fairness and cooperativeness. Our hypotheses are derived from a model of German reunification that incorporates individual responses both to incentives and to values inherited from earlier generations as recently suggested in the literature. Using data from the German Socio-Economic Panel, we find that despite twenty years of reunification East Germans are still characterized by a persistent level of social distrust. In comparison to West Germans, they are also less inclined to see others as fair or helpful. Implied trajectories can be interpreted as evidence for the passing of cultural traits across generations and for cooperation being sustained by values rather than by reputation. Moreover, East Germans are found to be more risk loving than West Germans. In contrast to trust and fairness, full convergence in risk attitude is reached in recent years.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5219en_US
dc.subject.jelP51en_US
dc.subject.jelZ31en_US
dc.subject.ddc330en_US
dc.subject.keywordsocial trusten_US
dc.subject.keywordrisk attitudesen_US
dc.subject.keywordpolitical regimesen_US
dc.subject.keywordGerman reunificationen_US
dc.subject.stwWirtschaftssoziologieen_US
dc.subject.stwVertrauenen_US
dc.subject.stwRisikopräferenzen_US
dc.subject.stwGerechtigkeiten_US
dc.subject.stwKooperationen_US
dc.subject.stwWahrnehmungen_US
dc.subject.stwVergleichen_US
dc.subject.stwAlte Bundesländeren_US
dc.subject.stwNeue Bundesländeren_US
dc.subject.stwDeutschlanden_US
dc.subject.stwKommunismusen_US
dc.subject.stwSoziale Werteen_US
dc.titleA different look at Lenin's legacy: Trust, risk, fairness and cooperativeness in the two Germaniesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn660150417en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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