The DOI matches its Crossref record; 44 of the 44 references it cites were found in a registry or an index.
Trust and Social Collateral*
Open accessAbstract
This paper builds a theory of trust based on informal contract enforcement in social networks. In our model, network connections between individuals can be used as social collateral to secure informal borrowing. We define network-based trust as the largest amount one agent can borrow from another agent and derive a reduced-form expression for this quantity, which we then use in three applications. (1) We predict that dense networks generate bonding social capital that allows transacting valuable assets, whereas loose networks create bridging social capital that improves access to cheap favors such as information. (2) For job recommendation networks, we show that strong ties between employers and trusted recommenders reduce asymmetric information about the quality of job candidates. (3) Using data from Peru, we show empirically that network-based trust predicts informal borrowing, and we structurally estimate and test our model.
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Social Capital in the Creation of Human Capital
COLEMAN, J. (2000) · Knowledge and Social Capital · doi:10.1016/b978-0-7506-7222-1.50005-2 · Cited by 21,666
Statistical mechanics of complex networks
Albert, R., & Barabási, A.-L. (2002) · Reviews of Modern Physics · doi:10.1103/revmodphys.74.47 · Cited by 20,471
Adhi Harmoko, S., M.Komp, Jacquard, J. M., Zuse, K., & Eniac (2005) · Cited by 18,035
Social Network Analysis: Methods and Applications
Wasserman, S. S., & Faust, K. (1994) · Cited by 17,962
Bowling Alone: America's Declining Social Capital
Putnam, R. D. (1995) · Journal of Democracy · doi:10.1353/jod.1995.0002 · Cited by 14,037
The Death and Life of Great American Cities
Jacobs, J. (2015) · Readings in Planning Theory · doi:10.1002/9781119084679.ch4 · Cited by 8,033
Structural Holes: The Social Structure of Competition
Lazega, E., & Burt, R. S. (1995) · Revue Française de Sociologie · doi:10.2307/3322456 · Cited by 7,853
Does Social Capital Have an Economic Payoff? A Cross-Country Investigation
Knack, S., & Keefer, P. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355300555475 · Cited by 7,484
Cited by
The Economic Returns to Social Interaction: Experimental Evidence from Microfinance
Feigenberg, B., Field, E., & Pande, R. (2013) · The Review of Economic Studies · doi:10.1093/restud/rdt016 · Cited by 292
Interfirm Relationships and Business Performance*
Cai, J., & Szeidl, A. (2018) · The Quarterly Journal of Economics · doi:10.1093/qje/qjx049 · Cited by 280
Tsai, L. L., Morse, B. S., & Blair, R. A. (2020) · Comparative Political Studies · doi:10.1177/0010414019897698 · Cited by 74
How Costly are Cultural Biases? Evidence from FinTech
D'Acunto, F., Ghosh, P., & Rossi, A. G. (2022) · doi:10.2139/ssrn.4147353 · Cited by 11
Metadata
- Authors
- Karlan, D., Mobius, M., Rosenblat, T., & Szeidl, A.
- Venue
- Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 2009-08
- Volume
- 124
- Issue
- 3
- Pages
- 1307-1361
- ISSN
- 0033-5533 (ISSN-L)
- 1531-4650
- OpenAlex
- W3122626903
- Cited by
- 470
- References
- 44
- FWCI
- 84.67
- Type
- journal article
- Language
- en
- Open access
- green
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- Karlan, D., Mobius, M., Rosenblat, T., & Szeidl, A. (2009). Trust and Social Collateral*. Quarterly Journal of Economics. https://doi.org/10.1162/qjec.2009.124.3.1307
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
