Tesei, Andrea (2015) Trust and racial income inequality: evidence from the U.S. CEP Discussion Papers (CEPDP1331). London School of Economics and Political Science. Centre for Economic Performance, London, UK.
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Abstract
Existing studies of trust formation in U.S. metropolitan areas have found that trust is lower when there is more income inequality and greater racial fragmentation. I add to this literature by examining the role of income inequality between racial groups (racial income inequality). I find that greater racial income inequality reduces trust. Also, racial fragmentation is no longer a significant determinant of trust once racial income inequality is accounted for. I also show that racial income inequality has a more detrimental effect in more racially fragmented communities and that trust falls more in minority groups when racial income inequality increases. The results hold under both least squares and instrumental variable estimation.
| Item Type: | Monograph (Discussion Paper) |
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| Official URL: | http://cep.lse.ac.uk/_new/publications/series.asp?... |
| Additional Information: | © 2015 The Author |
| Divisions: | Centre for Economic Performance |
| Subjects: | H Social Sciences > HV Social pathology. Social and public welfare. Criminology |
| JEL classification: | D - Microeconomics > D3 - Distribution > D31 - Personal Income, Wealth, and Their Distributions J - Labor and Demographic Economics > J1 - Demographic Economics > J15 - Economics of Minorities and Races; Non-labor Discrimination Z - Other Special Topics > Z1 - Cultural Economics; Economic Sociology; Economic Anthropology > Z10 - General |
| Date Deposited: | 20 Feb 2015 15:29 |
| Last Modified: | 13 Sep 2024 20:30 |
| Funders: | Economic and Social Research Council |
| URI: | http://eprints.lse.ac.uk/id/eprint/61029 |
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