Publication type
ISER Working Paper Series
Series Number
2011-08
Series
ISER Working Paper Series
Authors
Publication date
March 22, 2011
Abstract:
We employ a behavioural measure of trustworthiness obtained from an experiment carried out with a sample of the general British population whose individuals were extensively interviewed on earlier occasions. Our basic finding is that given past income, higher current income increases trustworthiness and, given current income, higher past income reduces trustworthiness. Past income determines the level of financial aspirations and whether or not these are fulfilled by the level of current income affects trustworthiness. We also suspect that past income may also capture heterogeneity in relevant subjects' dispositions, with more opportunistic subjects being less trustworthy and having higher average incomes.
Subject
Notes
Participants interviewed were formerly members of a BHPS over-sample
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