研究成果
Trust, Market Participation and Economic Outcomes: Evidence from Rural China
发布时间:2018-03-12 浏览量:

Summary

 

Markets can only function properly in the presence of sufficient trust. We explore the relation between trusting behavior and market integration in rural China. We link the results of a trust experiment to actual behavior in the field (participation in the labor market  versus  informally exchanging labor), and find that high-trust households are more likely to use formal markets. We proceed by exploring the relation between labor market participation and economic outcomes, finding tentative evidence of a causal relation running from market participation to higher levels of income.

Key words: trust game, economic behavior, labor exchange, labor market participation

 

TU, Qin and Erwin Bulte , Trust, Market Participation and Economic Outcomes: Evidence from Rural China,  World Development, 38(8): 1179-1190

 
 
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