Increasing Trust in Bankers to Enhance Savings
Experimental Evidence from India
Bibliographic Data
| ID | 4360829 |
|---|---|
| Authors | Rahul Mehrotra (0000-0003-1214-9921, Graduate Institute of International and Development Studies), Vincent Somville (0000-0003-4153-5290, Chr. Michelsen Institute), Lore Vandewalle (0000-0002-2277-2621, Graduate Institute of International and Development Studies) |
| Year | 2021 |
| Volume | 69 |
| Issue | 2 |
| Pages | 623-644 |
| Publication date | 2021-01-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economic Development and Cultural Change (JOURNAL) |
| Journal identifiers | ISSN: 0013-0079 • E-ISSN: 1539-2988 |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/703084 |
| OpenAlex | W2277704646 |
| Language | EN |
| Citations received | 5 |
| References cited | 48 |
According to economic theory, repeated interactions can play a crucial role in shaping trust. We randomly allocated people to treatments that promote interactions with bankers. Next, these people played incentivized trust games with their own banker and with an anonymous other banker. While the effect on trust in their own banker is limited, the impact on trust in other bankers is important. We also find that account savings strongly associate with trust in one’s own banker. Our experiment suggests that trust in one’s banker matters for savings but that it is more difficult to influence than trust in bankers in general
Blind trust · Business · Economics · Microeconomics · Monetary economics · Political science · Public relations · Social capital · Social trust · Culture, Economy, and Development Studies · Experimental Behavioral Economics Studies · Islamic Finance and Banking Studies · Law
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Development and Efficiency of the Financial Sector and Links with Trust
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| Unique citing works | 5 |
|---|---|
| Citations per year | 0,63 |
| Citation span | 2018 - 2026 (9) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 5 |