Trust, market participation and economic outcomes

Evidence from rural China

T. Qin, E.H. Bulte

Research output: Contribution to journalArticleScientificpeer-review

Abstract

Markets can only function properly in the presence of sufficient trust. We explore the relation between trusting behavior and market integration in rural China. We link the results of a trust experiment to actual behavior in the field (participation in the labor market versus informally exchanging labor), and find that high-trust households are more likely to use formal markets. We proceed by exploring the relation between labor market participation and economic outcomes, finding tentative evidence of a causal relation running from market participation to higher levels of income.
Original languageEnglish
Pages (from-to)1179-1190
JournalWorld Development
Volume38
Issue number8
Publication statusPublished - 2010

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China
market
participation
economics
labor market
evidence
labor
income
Rural China
Market participation
Economics
experiment
Participation
Labour market participation
Income
Household
Experiment
Labor
Labour market
Market integration

Cite this

Qin, T. ; Bulte, E.H. / Trust, market participation and economic outcomes : Evidence from rural China. In: World Development. 2010 ; Vol. 38, No. 8. pp. 1179-1190.
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Trust, market participation and economic outcomes : Evidence from rural China. / Qin, T.; Bulte, E.H.

In: World Development, Vol. 38, No. 8, 2010, p. 1179-1190.

Research output: Contribution to journalArticleScientificpeer-review

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