Can changes in social trust be explained by inequality?
(2019) NEKH01 20191Department of Economics
- Abstract
- This paper aims to investigate the development of social trust over time globally, as well as separately for continents and countries. This is done by using data from six different surveys and through an interpolation method making the survey measures comparable, resulting in a long and continuous data set. Consequently, with Gini measures from the new Standardized World Income Inequality Database, we investigate if changes in social trust is related to changes in income inequality. We conclude that social trust is varying in a large proportion of the countries studied, questioning earlier claims of social trust as a highly stable property over time. We find that social trust has been significantly increasing in Europe steadily since 2002.... (More)
- This paper aims to investigate the development of social trust over time globally, as well as separately for continents and countries. This is done by using data from six different surveys and through an interpolation method making the survey measures comparable, resulting in a long and continuous data set. Consequently, with Gini measures from the new Standardized World Income Inequality Database, we investigate if changes in social trust is related to changes in income inequality. We conclude that social trust is varying in a large proportion of the countries studied, questioning earlier claims of social trust as a highly stable property over time. We find that social trust has been significantly increasing in Europe steadily since 2002. We also find that social trust in Latin America is fluctuating significantly, with a minimum around year 2003 and a maximum around year 2010. By regressing changes in trust on changes in income inequality, also including lagged effects and controlling for GDP/capita and degree of democracy, we do not find that the observed changes in social trust is related to changes in income inequality. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/8988673
- author
- Bendz, Olof LU and Alagic, Sanjin LU
- supervisor
- organization
- alternative title
- A time series analysis of social trust over time and its association with changing inequality
- course
- NEKH01 20191
- year
- 2019
- type
- M2 - Bachelor Degree
- subject
- keywords
- social trust, inequality, time series
- language
- English
- id
- 8988673
- date added to LUP
- 2019-08-08 10:22:47
- date last changed
- 2019-08-08 10:22:47
@misc{8988673, abstract = {{This paper aims to investigate the development of social trust over time globally, as well as separately for continents and countries. This is done by using data from six different surveys and through an interpolation method making the survey measures comparable, resulting in a long and continuous data set. Consequently, with Gini measures from the new Standardized World Income Inequality Database, we investigate if changes in social trust is related to changes in income inequality. We conclude that social trust is varying in a large proportion of the countries studied, questioning earlier claims of social trust as a highly stable property over time. We find that social trust has been significantly increasing in Europe steadily since 2002. We also find that social trust in Latin America is fluctuating significantly, with a minimum around year 2003 and a maximum around year 2010. By regressing changes in trust on changes in income inequality, also including lagged effects and controlling for GDP/capita and degree of democracy, we do not find that the observed changes in social trust is related to changes in income inequality.}}, author = {{Bendz, Olof and Alagic, Sanjin}}, language = {{eng}}, note = {{Student Paper}}, title = {{Can changes in social trust be explained by inequality?}}, year = {{2019}}, }