Trust and Labor Market Participation
- 사회과학대학 경제학부
- Issue Date
- 서울대학교 대학원
- 학위논문 (석사)-- 서울대학교 대학원 : 경제학부, 2013. 2. 김병연.
- This paper investigates the relationship between trust and individuals labor market participation by using the United States General Social Survey. This study utilizes instrumental variable and pseudo-panel estimation methods in addition to simple Probit models, which enhance the reliability of results. The findings suggest that trust as an individuals attitude is significantly associated with the probability of the individuals labor market participation, and that the inherited component of trust affects individuals decision to participate in the labor market. The results from the pseudo-panel, constructed by taking the average values of the agegroup cohort within the same region, imply that trust at the regional level, but not at the cohort level, is significantly associated with the proportion of people involved in the labor market in the United States.