Inherited Trust and Growth
通过分析美国移民后裔继承自祖籍国的信任水平随时间的变化，发现信任对20世纪全球经济增长有显著的因果影响，为研究信任与增长的关系提供了新方法。
This paper develops a new method to uncover the causal effect of trust on economic growth by focusing on the inherited component of trust and its time variation. We show that inherited trust of descendants of US immigrants is significantly influenced by the country of origin and the timing of arrival of their forebears. We thus use the inherited trust of descendants of US immigrants as a time-varying measure of inherited trust in their country of origin. This strategy allows to identify the sizeable causal impact of inherited trust on worldwide growth during the twentieth century by controlling for country fixed effects.