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Income and social trust in Latin America
[journal article]
Abstract How do economic conditions affect trust? In this paper, I analyze the effect of natural resource shocks on social trust in Latin American regions. To deal with the endogeneity between income and trust, I use an identification strategy that relies on the exogeneity of the international prices of comm... view more
How do economic conditions affect trust? In this paper, I analyze the effect of natural resource shocks on social trust in Latin American regions. To deal with the endogeneity between income and trust, I use an identification strategy that relies on the exogeneity of the international prices of commodities. I show that income shocks have a positive effect on social trust, a result that is robust to a number of checks. I present evidence that points to two mechanisms: increases in life satisfaction and a reduction in crime victimization. I do not find that inequality is moderating this effect nor that extractive commodities are detrimental to social trust. These results are consistent with the decline in social trust on the continent during the last decade of sluggish growth and economic turmoil.... view less
Keywords
Latin America; difference in income; socioeconomic position; inequality; criminality; satisfaction with life; confidence; natural resources; world market; price
Classification
Political Economy
Document language
English
Publication Year
2023
Page/Pages
p. 3-24
Journal
Journal of Politics in Latin America, 15 (2023) 1
ISSN
1868-4890
Status
Published Version; peer reviewed