Negative Income Shocks, COVID, and Trust

In this paper we report results from an online experiment conducted with over 1, 000 participants from Colombia’s general population. The experiment is de- signed to examine the impact of exposition to a COVID priming and a negative economic shock on trusting behavior. Overall, we find that particip...

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Autores:
Tipo de recurso:
Fecha de publicación:
2023
Institución:
Universidad del Rosario
Repositorio:
Repositorio EdocUR - U. Rosario
Idioma:
eng
OAI Identifier:
oai:repository.urosario.edu.co:10336/40234
Acceso en línea:
https://doi.org/10.48713/10336_40234
https://repository.urosario.edu.co/handle/10336/40234
Palabra clave:
C91
D31
D90
Trust
Inequality
Social preferences
Dictator game
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http://creativecommons.org/licenses/by-nc-sa/4.0/
id EDOCUR2_4bd4a704fc5b20eb277d03874d91a004
oai_identifier_str oai:repository.urosario.edu.co:10336/40234
network_acronym_str EDOCUR2
network_name_str Repositorio EdocUR - U. Rosario
repository_id_str
spelling Negative Income Shocks, COVID, and TrustC91D31D90TrustInequalitySocial preferencesDictator gameIn this paper we report results from an online experiment conducted with over 1, 000 participants from Colombia’s general population. The experiment is de- signed to examine the impact of exposition to a COVID priming and a negative economic shock on trusting behavior. Overall, we find that participants under the neutral prime who are exposed to a negative economic shock become less trusting. In addition, we find that trustors who receive the shock become more trusting, increasing the proportion of the endowment they transfer. This re- sult is not an artifact of the modification of the trsutor’s action set due to the negative shock received, and is consistent with beliefs of higher returned amount and stronger normative expectations of reciprocity, as well as general pro-sociality.Universidad del RosarioFacultad de Economía2023-07-172023-07-26T22:26:31Zinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/version/c_b1a7d7d4d402bccehttp://purl.org/coar/resource_type/c_8042104 ppapplication/pdfhttps://doi.org/10.48713/10336_40234 https://repository.urosario.edu.co/handle/10336/40234Ashraf, Nava, Iris Bohnet, and Nikita Piankov, “Decomposing trust and trustworthiness,” Experimental Economics, sep 2006, 9 (3), 193–208.Becker, Gordon M, Morris H DeGroot, and Jacob Marschak, “Measuring utility by a single-response sequential method,” Behavioral science, 1964, 9 (3), 226–232.Bejarano, Hern´an, Joris Gillet, and Ismael Rodriguez-Lara, “Do negative random shocks a↵ect trust and trustworthiness?,” Southern Economic Journal, 2018, 85 (2), 563–579.Bejarano, Hernan, Joris Gillet, and Ismael Rodriguez-Lara, “Trust and trustworthiness after negative random shocks,” Journal of Economic Psychology, 2021, 86, 102422.Berg, Joyce, John Dickhaut, and Kevin McCabe, “Trust, Reciprocity, and Social History,” Games and Economic Behavior, July 1995, 10 (1), 122–142.Bicchieri, Cristina, Erte Xiao, and Ryan Muldoon, “Trustworthiness is a social norm, but trusting is not,” Politics, Philosophy & Economics, 2011, 10 (2), 170– 187.Blanco, Mariana and Jos´e-Alberto Guerra, “To segregate, or to discriminate– that is the question: experiment on identity and social preferences,” Documento CEDE, 2020, (31).Bogliacino, Francesco, Camilo Ernesto G´omez, and Gianluca Grimalda, “Crime-related Exposure to Violence and Social Preferences: Experimental Evidence from Bogot´a,” Documentos FCE-CID Escuela de Econom´ıa, 2019, (101).instname:Universidad del Rosarioreponame:Repositorio Institucional EdocURenghttps://ideas.repec.org/p/col/000092/020802.htmlhttp://creativecommons.org/licenses/by-nc-sa/4.0/http://purl.org/coar/access_right/c_abf2Aycinena Abascal, DiegoBlanco, Marianaoai:repository.urosario.edu.co:10336/402342023-08-09T10:15:24Z
dc.title.none.fl_str_mv Negative Income Shocks, COVID, and Trust
title Negative Income Shocks, COVID, and Trust
spellingShingle Negative Income Shocks, COVID, and Trust
C91
D31
D90
Trust
Inequality
Social preferences
Dictator game
title_short Negative Income Shocks, COVID, and Trust
title_full Negative Income Shocks, COVID, and Trust
title_fullStr Negative Income Shocks, COVID, and Trust
title_full_unstemmed Negative Income Shocks, COVID, and Trust
title_sort Negative Income Shocks, COVID, and Trust
dc.subject.none.fl_str_mv C91
D31
D90
Trust
Inequality
Social preferences
Dictator game
topic C91
D31
D90
Trust
Inequality
Social preferences
Dictator game
description In this paper we report results from an online experiment conducted with over 1, 000 participants from Colombia’s general population. The experiment is de- signed to examine the impact of exposition to a COVID priming and a negative economic shock on trusting behavior. Overall, we find that participants under the neutral prime who are exposed to a negative economic shock become less trusting. In addition, we find that trustors who receive the shock become more trusting, increasing the proportion of the endowment they transfer. This re- sult is not an artifact of the modification of the trsutor’s action set due to the negative shock received, and is consistent with beliefs of higher returned amount and stronger normative expectations of reciprocity, as well as general pro-sociality.
publishDate 2023
dc.date.none.fl_str_mv 2023-07-17
2023-07-26T22:26:31Z
dc.type.none.fl_str_mv info:eu-repo/semantics/workingPaper
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_b1a7d7d4d402bcce
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_8042
dc.identifier.none.fl_str_mv https://doi.org/10.48713/10336_40234
https://repository.urosario.edu.co/handle/10336/40234
url https://doi.org/10.48713/10336_40234
https://repository.urosario.edu.co/handle/10336/40234
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://ideas.repec.org/p/col/000092/020802.html
dc.rights.none.fl_str_mv http://creativecommons.org/licenses/by-nc-sa/4.0/
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
rights_invalid_str_mv http://creativecommons.org/licenses/by-nc-sa/4.0/
http://purl.org/coar/access_right/c_abf2
dc.format.none.fl_str_mv 104 pp
application/pdf
dc.publisher.none.fl_str_mv Universidad del Rosario
Facultad de Economía
publisher.none.fl_str_mv Universidad del Rosario
Facultad de Economía
dc.source.none.fl_str_mv Ashraf, Nava, Iris Bohnet, and Nikita Piankov, “Decomposing trust and trustworthiness,” Experimental Economics, sep 2006, 9 (3), 193–208.
Becker, Gordon M, Morris H DeGroot, and Jacob Marschak, “Measuring utility by a single-response sequential method,” Behavioral science, 1964, 9 (3), 226–232.
Bejarano, Hern´an, Joris Gillet, and Ismael Rodriguez-Lara, “Do negative random shocks a↵ect trust and trustworthiness?,” Southern Economic Journal, 2018, 85 (2), 563–579.
Bejarano, Hernan, Joris Gillet, and Ismael Rodriguez-Lara, “Trust and trustworthiness after negative random shocks,” Journal of Economic Psychology, 2021, 86, 102422.
Berg, Joyce, John Dickhaut, and Kevin McCabe, “Trust, Reciprocity, and Social History,” Games and Economic Behavior, July 1995, 10 (1), 122–142.
Bicchieri, Cristina, Erte Xiao, and Ryan Muldoon, “Trustworthiness is a social norm, but trusting is not,” Politics, Philosophy & Economics, 2011, 10 (2), 170– 187.
Blanco, Mariana and Jos´e-Alberto Guerra, “To segregate, or to discriminate– that is the question: experiment on identity and social preferences,” Documento CEDE, 2020, (31).
Bogliacino, Francesco, Camilo Ernesto G´omez, and Gianluca Grimalda, “Crime-related Exposure to Violence and Social Preferences: Experimental Evidence from Bogot´a,” Documentos FCE-CID Escuela de Econom´ıa, 2019, (101).
instname:Universidad del Rosario
reponame:Repositorio Institucional EdocUR
instname_str Universidad del Rosario
institution Universidad del Rosario
reponame_str Repositorio Institucional EdocUR
collection Repositorio Institucional EdocUR
repository.name.fl_str_mv
repository.mail.fl_str_mv
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