2018
DOI: 10.1016/j.joep.2018.07.001
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Financial shocks and the erosion of interpersonal trust: Evidence from longitudinal data

Abstract: Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in… Show more

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Cited by 18 publications
(3 citation statements)
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“…4.2.3 Three-day delay. If, as consistent with behavioral accounts, rebalancing at the time of a price shock commonly induces overreaction in price expectations (Alessandri and Mumtaz, 2014;Jetter and Kristoffersen, 2018;Whaley, 2000) and prices subsequently revert toward metrics of fundamental value as the processing of information recovers from the surprise event of the shock (Moutzouris and Nomikos, 2020) then a three-day delay in invoking a momentum heuristic can reduce overpaying for a buy or being undercompensated for a sell.…”
Section: Methodsmentioning
confidence: 93%
“…4.2.3 Three-day delay. If, as consistent with behavioral accounts, rebalancing at the time of a price shock commonly induces overreaction in price expectations (Alessandri and Mumtaz, 2014;Jetter and Kristoffersen, 2018;Whaley, 2000) and prices subsequently revert toward metrics of fundamental value as the processing of information recovers from the surprise event of the shock (Moutzouris and Nomikos, 2020) then a three-day delay in invoking a momentum heuristic can reduce overpaying for a buy or being undercompensated for a sell.…”
Section: Methodsmentioning
confidence: 93%
“…Dare et al (2023) similarly found that financial self-efficacy was strongly positively related to financial wellbeing both directly and via positive financial behavior. Significantly, locus of control has been shown to change and become less internal, following a negative financial shock (Jetter and Kristoffersen, 2018).…”
Section: Personal Factors: Self-e Cacy Mental Health and Incomesmentioning
confidence: 99%
“…In addition to natural disasters, the literature has considered the impact of other societal shocks (economic, health, political unrest, ecosystem) on social capital and interpersonal trust. Negative macroeconomic shocks have been found to have detrimental effects on interpersonal trust (Iglic 2014;Jetter and Kristoffersen 2018;Navarro-Carrillo et al 2018). While interpersonal trust fell, familial closer relational trust increased (Iglic 2014;Navarro-Carrillo et al 2018).…”
Section: Shocks and Trustmentioning
confidence: 99%