The decline of trust across the US finance industry
Limbach P, Rau PR, Schürmann H (2023)
Journal of Economic Behavior & Organization 213: 324-344.
Zeitschriftenaufsatz
| Veröffentlicht | Englisch
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Autor*in
Limbach, PeterUniBi 
;
Rau, P. Raghavendra;
Schürmann, Henrik
;
Rau, P. Raghavendra;
Schürmann, HenrikAbstract / Bemerkung
We provide evidence on the evolution of generalized trust among finance professionals using data from the General Social Survey over the period 1978-2016. Accounting for demographic, regional, and socioeconomic characteristics, we document a significant decline in the level of trust among finance professionals relative to the decline of trust in the U.S. population. This decline is unique to the finance industry and is particularly strong in the early years of the sample when finance professionals initially exhibited a higher level of trust than the average American. The decline occurs across all subsectors in finance and at all hierarchy levels.
Stichworte
Finance industry;
Generalized trust;
Implicit incentives;
Professional;
environment;
Socialization
Erscheinungsjahr
2023
Zeitschriftentitel
Journal of Economic Behavior & Organization
Band
213
Seite(n)
324-344
ISSN
0167-2681
eISSN
1879-1751
Page URI
https://pub.uni-bielefeld.de/record/2982774
Zitieren
Limbach P, Rau PR, Schürmann H. The decline of trust across the US finance industry. Journal of Economic Behavior & Organization. 2023;213:324-344.
Limbach, P., Rau, P. R., & Schürmann, H. (2023). The decline of trust across the US finance industry. Journal of Economic Behavior & Organization, 213, 324-344. https://doi.org/10.1016/j.jebo.2023.07.006
Limbach, Peter, Rau, P. Raghavendra, and Schürmann, Henrik. 2023. “The decline of trust across the US finance industry”. Journal of Economic Behavior & Organization 213: 324-344.
Limbach, P., Rau, P. R., and Schürmann, H. (2023). The decline of trust across the US finance industry. Journal of Economic Behavior & Organization 213, 324-344.
Limbach, P., Rau, P.R., & Schürmann, H., 2023. The decline of trust across the US finance industry. Journal of Economic Behavior & Organization, 213, p 324-344.
P. Limbach, P.R. Rau, and H. Schürmann, “The decline of trust across the US finance industry”, Journal of Economic Behavior & Organization, vol. 213, 2023, pp. 324-344.
Limbach, P., Rau, P.R., Schürmann, H.: The decline of trust across the US finance industry. Journal of Economic Behavior & Organization. 213, 324-344 (2023).
Limbach, Peter, Rau, P. Raghavendra, and Schürmann, Henrik. “The decline of trust across the US finance industry”. Journal of Economic Behavior & Organization 213 (2023): 324-344.
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