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http://hdl.handle.net/10419/51711
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| Title: | | Trust in public institutions over the business cycle  |
| Authors: | | Stevenson, Betsey Wolfers, Justin |
| Issue Date: | | 2011 |
| Series/Report no.: | | Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5570 |
| Abstract: | | We document that trust in public institutions and particularly trust in banks, business and government has declined over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in institutions. Cross-country comparisons reveal a clear legacy of the Great Recession, and those countries whose unemployment grew the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial sector. Finally, analysis of several repeated cross-sections of confidence within U.S. states yields similar qualitative patterns, but much smaller magnitudes in response to state-specific shocks. |
| Subjects: | | trust institutions confidence survey data congress banks big business media courts |
| JEL: | | D72 E32 E65 K0 O4 P52 Z13 |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-201104133920 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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