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Diversity and trust: The role of shared values

Beugelsdijk, S. & Klasing, M. J., Aug-2016, In : Journal of Comparative Economics. 44, 3, p. 522-540 19 p.

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DOI

Social diversity has been linked to a range of socio-economic and political outcomes, generally showing that higher diversity is associated with lower socio-economic performance. In this paper we focus on the extent to which key human values and beliefs are shared in society, which captures a dimension of diversity not previously discussed. We assess the importance of value diversity by focusing on its role in fostering generalized trust within societies. We find that value diversity, in particular with regard to political ideological values concerning income redistribution and the role of the government in influencing markets, is important for understanding the international variation in trust, with high diversity being associated with lower levels of trust. This relationship is robust to controlling for various other determinants of trust, including other dimensions of diversity, and holds at various levels of aggregation. (C) 2015 Association for Comparative Economic Studies. Published by Elsevier Inc. All rights reserved.

Original languageEnglish
Pages (from-to)522-540
Number of pages19
JournalJournal of Comparative Economics
Volume44
Issue number3
Publication statusPublished - Aug-2016

    Keywords

  • Diversity, Values, Polarization, Political ideology, Trust, ECONOMIC-GROWTH, SOCIAL TRUST, ETHNIC DIVISIONS, CROSS-SECTION, POLARIZATION, INSTITUTIONS, GOVERNMENT, DIMENSIONS, COUNTRIES, CONFLICT

ID: 28525728