Abstract |
The paper looks at 188 polls of generalized trust (most people can be trusted). This question has been asked by the World Values Surveys in 83 countries, over a period of almost 20 years. It is argued that the 188 resulting average “G-scores” measures the justified “rational” trust levels in the countries. It is demonstrated that the G-scores are sufficiently volatile to be endogenous, and that they reacted strongly to the transition from socialism in Eastern Europe. It is further demon-strated that the Gini coefficient, life satisfaction, corruption, and thus indirectly income are the best explanatory factors for the G-trust. They are all strongly related to income, and dominate the direct effect of trust on income, and trust is at most weakly related to democracy either way. |