1. Formal Institutions and the Trust Formation Process: A
Psychological Approach to Explain the Relationship between
Institutions and Interpersonal Trust
Tamilina, Larysa; Tamilina, Natalya
2. Natural disasters and social capital formation: The impact of
the Great Hanshin-Awaji earthquake
Eiji Yamamura
3. Social capital, product imitation and growth with learning
externalities
Agenor, Pierre-Richard; Dinh, Hinh T.
4. Is there a closure penalty? Cohesive network structures,
diversity, and gender inequalities in career advancement
Lutter, Mark
5. The Value of Social Networks in Financial Markets
Michela Rancan
6. Macroeconomic imbalances: a question of trust?
Buetzer, Sascha; Jordan, Christina; Stracca, Livio
7. Discrimination or Social Networks? Industrial Investment in
Colonial India
Gupta, Bishnupriya
8. When Strong Ties are Strong: Networks and Youth Labor Market
Entry
Kramarz, Francis; Nordstr?m Skans, Oskar
9. Observed Punishment Spillover Effects: A Laboratory
Investigation of Behavior in a Social Dilemma.
David L. Dickinson; E. Glenn Dutcher; Cortney S. Rodet
10. Favor Trading in Public Good Provision
Petrie, Ragan; Jacobson, Sarah
11. Exploitation, Altruism, and Social Welfare: An Economic
Exploration
Doepke, Matthias
12. Peer Groups, Employment Status and Mental Well-being among
Older Adults in Ireland
Hudson, Eibhlin; Barrett, Alan
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1. Formal Institutions and the Trust Formation Process: A
Psychological Approach to Explain the Relationship between
Institutions and Interpersonal Trust
Tamilina, Larysa
Tamilina, Natalya
While formal institutions are recognized as having an effect on
trust formation, no theoretical or empirical models exist to
formalize this relationship. This study introduces a new
conceptual framework to explain trust building by individuals and
the role that formal rules and laws may play in this process.
Drawing on a social-cognitive theory of psychology, we present
trust as composed of internal, interpersonal, and external
components with the latter encompassing formal institutions. We
further demonstrate that there are three mechanisms ? sanction,
legitimacy, and autonomy ? through which formal institutions may
affect trust levels either directly or indirectly. These
propositions are tested empirically based on the European Social
Survey data (2004) by using a variety of statistical techniques.
Our empirical analysis demonstrates evidence of heterogeneity in
institutional effects on trust, suggesting that the autonomy
dimension of the institutional framework is particularly
important for trust formation processes.
Keywords: interpersonal trust, formal institutions, social-
cognitive psychology, heterogeneity, trust formation
process
JEL: K42 Z10 Z13
Date: 2013-06-01
URL: http://d.repec.org/n?u=RePEc:pra:mprapa:49812&r=soc
2. Natural disasters and social capital formation: The impact of
the Great Hanshin-Awaji earthquake
Eiji Yamamura
The Great Hanshin-Awaji (Kobe) earthquake struck Japan in 1995,
causing devastating damage to the economic landscape of south-
central Japan. The earthquake also caused people to realize the
importance of social capital in Japan. Based on a large,
individual-level database comprising 488,223 observations, this
study investigated how, and the extent to which, the earthquake
enhanced the investment in social capital through participation
in community activity. The differences-in-differences method was
used, and the following key findings were obtained: (1) In Japan,
people were more likely to invest in social capital in 1996 than
in 1991, (2) the effects of the earthquake decreased as the
distance of one?s place of residence increased from Kobe, and (3)
the earthquake significantly increased the social capital
investment rate of Kobe residents, whereas it had no significant
influence on the investment rate of residents of large cities
close to Kobe.
Keywords: Natural disasters, social capital, volunteer
activities.
JEL: N35 Q54 Z13
Date: 2013-09-10
URL: http://d.repec.org/n?u=RePEc:eei:rpaper:eeri_rp_2013_10&r=soc
3. Social capital, product imitation and growth with learning
externalities
Agenor, Pierre-Richard
Dinh, Hinh T.
Links between social capital, human capital, and product
imitation are studied in an overlapping generations model of
endogenous growth where the key benefit of social capital is to
promote imitation. There is also a two-way interaction between
imitation and human capital. Building social capital (which
brings direct utility) requires time. Because life expectancy is
endogenously related to human capital, time allocation between
market work and social capital accumulation is also endogenously
determined. Social capital accumulation depends also on access to
infrastructure. The model is calibrated numerically for a low-
income country. A policy that helps to promote social capital
accumulation may be very effective to foster economic growth,
even if it involves offsetting cuts in other productive
components of government spending, such as education outlays or
infrastructure investment. Offsetting cuts in infrastructure
investment, however, may be less effective.
Keywords: Political Economy,Economic Theory&Research,Debt
Markets,Social Capital,Emerging Markets
Date: 2013-09-01
URL: http://d.repec.org/n?u=RePEc:wbk:wbrwps:6607&r=soc
4. Is there a closure penalty? Cohesive network structures,
diversity, and gender inequalities in career advancement
Lutter, Mark
That social capital matters is an established fact in the social
sciences. How different forms of social capital affect gender
disadvantages in career advancement is less clear, however.
Qualitative research suggests that women face disadvantages in
project-based labor markets where recruitment practices are based
on informal and personal networks. Focusing on a project-based
type of labor market, namely the U.S. film industry, this study
argues that women suffer from social closure and face severe
career disadvantages when collaborating in cohesive teams. At the
same time, gender disadvantages are reduced for women who build
social capital in open networks with a higher degree of diversity
and information flow. I test and demonstrate these assumptions
using a large-scale longitudinal dataset containing full career
profiles of more than 1.2 million performances by 101,090 film
actors in 483,949 feature film productions between the years 1900-
2010. In particular, I analyze career survival models and
interaction effects between gender and different measures of
social capital and information openness. The findings reveal that
female actors have a higher risk of career failure than their
male colleagues when affiliated in cohesive networks, but have
better survival chances when embedded in open and diverse
structures. This study contributes to the understanding of how
and what type of social capital can be either a beneficial
resource for otherwise disadvantaged groups or a constraining
mechanism that intensifies gender differences in career
advancement. -- Sozialkapital stellt insbesondere auf
projektorientierten Arbeitsm?rkten eine wichtige Erfolgsressource
dar. Auf die Frage, wie verschiedene Formen der sozialen
Einbettung auf geschlechtsspezifische Erfolgsungleichheiten
wirken, gibt es jedoch bislang keine eindeutige Antwort.
Bisherige Einzelfalluntersuchungen legen nahe, dass Frauen
besonders dann benachteiligt sind, wenn Rekrutierungspraktiken in
hohem Ma?e auf informellen und auf pers?nlichen Netzwerken
beruhen. Am Beispiel eines projektorientierten und durch
informelle Rekrutierung gekennzeichneten Winner-take-all-
Arbeitsmarktes - der US-Filmbranche - wird argumentiert, dass
Frauen besonders dann Benachteiligungen erfahren, wenn sie ihre
Karriere h?ufiger in engmaschigen, stark koh?siven Teams aufbauen.
Dagegen k?nnen sie Benachteiligungen deutlich reduzieren, wenn
sie sich h?ufiger in Projektteams bewegen, die sich durch offene
Netzwerkstrukturen und breite Erfahrungshintergr?nde auszeichnen.
Auf Basis von Ereignisdatenanalysen und der Untersuchung
vollst?ndiger Karriereprofile von 101.090 US-Filmschauspielern in
483.949 Spielfilmproduktionen mit mehr als 1,2 Millionen
Engagements testet der Beitrag diese Argumentation und zeigt -
anhand diverser Indikatoren zur Messung von Teamkoh?sion,
Kollaborationsh?ufigkeit, Informationszugang und -vielfalt -,
dass koh?sive Netze geschlechtsspezifische Karriereungleichheiten
verst?rken, w?hrend offene Netzwerke Benachteiligungen deutlich
reduzieren. Vermutlich sind der in diesen Netzen h?here
Informationsfluss und vor allem die Diversit?t der geteilten
Informationen entscheidende Faktoren, die geschlechtstypische
Benachteiligungen aufheben k?nnen. Diese Studie erweitert das
Verst?ndnis dar?ber, wie und unter welchen Bedingungen
Sozialkapital zu einer vorteilhaften Ressource f?r benachteiligte
Gruppen wird, und wann es beschr?nkende, Benachteiligungen
intensivierende Wirkungen entfaltet.
Date: 2013
URL: http://d.repec.org/n?u=RePEc:zbw:mpifgd:139&r=soc
5. The Value of Social Networks in Financial Markets
Michela Rancan
Social contacts influence decisions and economic outputs in a
variety of contexts. Does social network matter also in financial
markets? In this paper I investigate the effect of social
networks on mutual funds performance by exploiting data on the
education of U.S. fund managers. The results show that
performance is better for fund managers with many social
connections. Furthermore, positional advantages in the social
network generate superior performance. This evidence suggests
that social interaction and information spillovers have a
positive and meaningful value for mutual funds.
Keywords: Social Network, Mutual Fund, Performance
JEL: G23 L14
Date: 2013-03
URL: http://d.repec.org/n?u=RePEc:rsc:rsceui:2013/21&r=soc
6. Macroeconomic imbalances: a question of trust?
Buetzer, Sascha
Jordan, Christina
Stracca, Livio
In this paper, we address the question of whether cross-country
differences in civic capital, notably interpersonal trust, have
contributed to the build-up of macroeconomic imbalances over the
last three decades. We analyse the link between a stylised index
of economic imbalances (a combination of the government budget
balance, the inflation rate and the current account balance) and
interpersonal trust, alongside other measures of civic and
cultural capital, obtained from value survey data for 65 advanced
and emerging countries. For the whole set of countries, we find
robust empirical evidence for a negative and significant
relationship between trust and macroeconomic imbalances which may
therefore partly reflect underlying heterogeneity in civic
capital. Within the euro area, differences in trust exist
although they are not particularly large from an international
perspective. With the nexus between trust and macroeonomic
imbalances being equally robust we can attribute one fifth of the
variation in intra-euro area imbalances to differences in
interpersonal trust. Euro area membership and EU fiscal rules do
not appear to have weakened the link between the two variables.
JEL Classification: F33, F42, Z1
Keywords: culture, euro area, Macroeconomic imbalances, Trust
Date: 2013-08
URL: http://d.repec.org/n?u=RePEc:ecb:ecbwps:20131584&r=soc