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Trust and age: An experiment with current and former students

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  • Greiner, Ben
  • Zednik, Anita

Abstract

We examine differences in trust and trustworthiness across age groups by running a trust game experiment with current students and alumni of a large Austrian university. We find linear age effects, in that older adults are more trusting and more trustworthy than younger participants. We detect no gender effect in terms of trustingness, but observe that females are more trustworthy than males.

Suggested Citation

  • Greiner, Ben & Zednik, Anita, 2019. "Trust and age: An experiment with current and former students," Economics Letters, Elsevier, vol. 181(C), pages 37-39.
    • Handle: RePEc:eee:ecolet:v:181:y:2019:i:c:p:37-39
    DOI: 10.1016/j.econlet.2019.04.004
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    References listed on IDEAS

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    1. Ernst Fehr & Urs Fischbacher & Bernhard von Rosenbladt & J�rgen Schupp & Gert G. Wagner, "undated". "A Nation-Wide Laboratory: Examining trust and trustworthiness by integrating behavioral experiments into representative surveys," IEW - Working Papers 141, Institute for Empirical Research in Economics - University of Zurich.
    2. Sutter, Matthias & Kocher, Martin G., 2007. "Trust and trustworthiness across different age groups," Games and Economic Behavior, Elsevier, vol. 59(2), pages 364-382, May.
    3. Bellemare, Charles & Kroger, Sabine, 2007. "On representative social capital," European Economic Review, Elsevier, vol. 51(1), pages 183-202, January.
    4. Martin G. Kocher, 2015. "How Trust in Social Dilemmas Evolves with Age," CESifo Working Paper Series 5447, CESifo.
    5. John Ermisch & Diego Gambetta & Heather Laurie & Thomas Siedler & S. C. Noah Uhrig, 2009. "Measuring people's trust," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 172(4), pages 749-769, October.
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    Cited by:

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    2. Friehe, Tim & Marcus, Jan, 2021. "Lost job, lost trust? On the effect of involuntary job loss on trust," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 84, pages 1-1.
    3. Jalan, Akanksha & Matkovskyy, Roman & Urquhart, Andrew & Yarovaya, Larisa, 2023. "The role of interpersonal trust in cryptocurrency adoption," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 83(C).
    4. Joachim Wilde, 2022. "What drives trust of the long‐term unemployed in their caseworkers?," LABOUR, CEIS, vol. 36(2), pages 231-250, June.
    5. Póvoa, Angela Cristiane Santos & Pech, Wesley & Woiciekovski, Edinéia, 2020. "Trust and social preferences: A cross-cultural experiment," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 86(C).

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    More about this item

    Keywords

    Trust; Age; Social preferences; Experiment;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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