IDEAS home Printed from https://ideas.repec.org/a/spr/soinre/v153y2021i1d10.1007_s11205-020-02385-w.html
   My bibliography  Save this article

The Effects of Economic Crisis on Trust: Paradoxes for Social Capital Theory

Author

Listed:
  • Jordi Caïs

    (University of Barcelona)

  • Diego Torrente

    (University of Barcelona)

  • Catalina Bolancé

    (University of Barcelona)

Abstract

The theory of social capital rarely takes economic variables into account. This article confirms that economic factors had greater explanatory power for social trust and trust in institutions during times of economic crisis, due mainly to increased economic polarization of the population. We use Spain as a case study to analyse the impact of a number of variables on social and institutional trust before and during the economic crisis. The 2008 economic crisis in Spain resulted in a paradox: a notable decline in trust in institutions, together with a surprising increase—rather than the expected decrease—in social trust. The data analysed here also highlight the possibility that the two types of trust did not track in a mutually supportive manner due to the emergence of Movimiento 15 M, which gave rise to the appearance of new political parties such as Podemos, on the extreme left of the electoral scale.

Suggested Citation

  • Jordi Caïs & Diego Torrente & Catalina Bolancé, 2021. "The Effects of Economic Crisis on Trust: Paradoxes for Social Capital Theory," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 153(1), pages 173-192, January.
    • Handle: RePEc:spr:soinre:v:153:y:2021:i:1:d:10.1007_s11205-020-02385-w
    DOI: 10.1007/s11205-020-02385-w
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11205-020-02385-w
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s11205-020-02385-w?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Concepción Foronda-Robles & Luis Galindo-Pérez-de-Azpillaga, 2016. "From initial dissemination to consolidated impact: the concept of crisis in the field of tourism," Scientometrics, Springer;Akadémiai Kiadó, vol. 109(1), pages 261-281, October.
    2. Kramer, Gerald H., 1983. "The Ecological Fallacy Revisited: Aggregate- versus Individual-level Findings on Economics and Elections, and Sociotropic Voting," American Political Science Review, Cambridge University Press, vol. 77(1), pages 92-111, March.
    3. Bergh, Andreas & Bjørnskov, Christian, 2014. "Trust, welfare states and income equality: Sorting out the causality," European Journal of Political Economy, Elsevier, vol. 35(C), pages 183-199.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Athina Economou & Christos Kollias, 2024. "The 2015 Refugee Crisis and Institutional Trust in European Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 173(2), pages 377-396, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jason Barabas, 1998. "Wage Erosion, Economic Assessments, and Social Welfare Opinions," JCPR Working Papers 56, Northwestern University/University of Chicago Joint Center for Poverty Research.
    2. Hibbs, Douglas A, Jr, 2000. "Bread and Peace Voting in U.S. Presidential Elections," Public Choice, Springer, vol. 104(1-2), pages 149-180, July.
    3. Andrea Baranzini & Stefano Carattini & Linda Tesauro, 2021. "Designing Effective and Acceptable Road Pricing Schemes: Evidence from the Geneva Congestion Charge," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(3), pages 417-482, July.
    4. Benny Geys & Bruno Heyndels, 2006. "Disentangling The Effects Of Political Fragmentation On Voter Turnout: The Flemish Municipal Elections," Economics and Politics, Wiley Blackwell, vol. 18(3), pages 367-387, November.
    5. Georg Kanitsar, 2022. "The Inequality-Trust Nexus Revisited: At What Level of Aggregation Does Income Inequality Matter for Social Trust?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 163(1), pages 171-195, August.
    6. Bellani, Luna & Scervini, Francesco, 2020. "Heterogeneity in preferences for redistribution and public spending: A cross-country analysis," European Journal of Political Economy, Elsevier, vol. 63(C).
    7. Panagiotis Artelaris & Yannis Tsirbas, 2018. "Anti-austerity voting in an era of economic crisis: Regional evidence from the 2015 referendum in Greece," Environment and Planning C, , vol. 36(4), pages 589-608, June.
    8. Nico Seifert, 2018. "Yet Another Case of Nordic Exceptionalism? Extending Existing Evidence for a Causal Relationship Between Institutional and Social Trust to the Netherlands and Switzerland," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 136(2), pages 539-555, April.
    9. Tanaka, Ryuichi & Farre, Lidia & Ortega, Francesc, 2018. "Immigration, assimilation, and the future of public education," European Journal of Political Economy, Elsevier, vol. 52(C), pages 141-165.
    10. Cendales, Andrés & Mora, Jhon & Arroyo, Santiago, 2015. "Sobre las democracias locales en el Pacífico colombiano y su incidencia en la política pública de agua potable en el periodo 2008-2011," Revista Lecturas de Economía, Universidad de Antioquia, CIE, issue 83, pages 161-192, February.
    11. Olof Johansson-Stenman & Peter Martinsson, 2005. "Anyone for higher speed limits? – Self-interested and adaptive political preferences," Public Choice, Springer, vol. 122(3), pages 319-331, March.
    12. Jonathon M. Clegg, 2016. "Perception vs Reality: How Does The British Electorate Evaluate Economic Performance of Incumbent Governments In The Post War Period?," Oxford Economic and Social History Working Papers _143, University of Oxford, Department of Economics.
    13. Aaron Edlin & Andrew Gelman & Noah Kaplan, 2007. "Voting as a Rational Choice: Why and How People Vote to Improve the Well-Being of Others," NBER Working Papers 13562, National Bureau of Economic Research, Inc.
    14. Martin Rode, 2022. "The institutional foundations of surf break governance in Atlantic Europe," Public Choice, Springer, vol. 190(1), pages 175-204, January.
    15. Hastings, Justine S. & Kane, Thomas J. & Staiger, Douglas O. & Weinstein, Jeffrey M., 2007. "The effect of randomized school admissions on voter participation," Journal of Public Economics, Elsevier, vol. 91(5-6), pages 915-937, June.
    16. Scott Moore & Joshua Fisher, 2012. "Challenges and Opportunities in GRACE-Based Groundwater Storage Assessment and Management: An Example from Yemen," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 26(6), pages 1425-1453, April.
    17. Jeffrey S. DeSimone & Courtney LaFountain, 2007. "Still the Economy, Stupid: Economic Voting in the 2004 Presidential Election," NBER Working Papers 13549, National Bureau of Economic Research, Inc.
    18. Haotian Zhong & Wei Li & Marlon G Boarnet, 2021. "A two-dimensional propensity score matching method for longitudinal quasi-experimental studies: A focus on travel behavior and the built environment," Environment and Planning B, , vol. 48(7), pages 2110-2122, September.
    19. Andreas Bergh & Irina Mirkina & Therese Nilsson, 2020. "Can social spending cushion the inequality effect of globalization?," Economics and Politics, Wiley Blackwell, vol. 32(1), pages 104-142, March.
    20. Antonino Callea & Dalila De Rosa & Giovanni Ferri & Francesca Lipari & Marco Costanzi, 2022. "Can Emotional Intelligence promote Individual Wellbeing and protect from perceptions' traps?," CERBE Working Papers wpC39, CERBE Center for Relationship Banking and Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:soinre:v:153:y:2021:i:1:d:10.1007_s11205-020-02385-w. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.