September 16, 2013 Monday .
" An Upside of a Long Recession: A Deepening of Personal Trust "
Research Finding :
The longer a recession drags on, the greater the growth of interpersonal trust among the population, according toFor each additional year of a recession (holding all else constant).
The probability that people will agree that “most people can be trusted” increases by 9.03%.
Reason ?
A long recession may increase inter-dependency among people for survival and may bring communities together and encourage social investment, research suggests.
Research Courtesy : an analysis of survey data from 10 Latin American countries by Elizabeth A.M. Searing of Georgia State University.
SOURCE: Love Thy Neighbor? Recessions and Interpersonal Trust in Latin America
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