How Trust in Social Dilemmas Evolves with Age

Forthcoming chapter in: Van Lange, P. A. M., Rockenbach, B., & Yamagishi, T. (in press, eds.). Social dilemmas: New perspectives on trust. New York: Oxford University Press.

CESifo Working Paper Series No. 5447

20 Pages Posted: 4 Aug 2015

See all articles by Martin G. Kocher

Martin G. Kocher

Ludwig Maximilian University of Munich (LMU) - Faculty of Economics; Institute for Advanced Studies (IHS) - Department of Economics & Finance; Göteborg University - School of Business, Economics and Law; Queensland University of Technology - School of Economics and Finance

Date Written: July 31, 2015

Abstract

While trust and trustworthiness provide a fundamental foundation for human relationships, little is known about how trusting and trustworthy behavior in social dilemmas is related to age and aging. A few papers use data from surveys such as the World Values Survey to address a potential connection between trust and age. In this chapter, we will mainly focus on trusting and trustworthy behavior elicited with the use of the seminal trust game (Berg et al., 1995) and with games implementing a similar incentivized interaction structure. The results suggest that trust and trustworthiness increase with young age until adolescence. Trustworthiness reaches the level of adults at an earlier age (at around 15-16 years of age) than trusting behavior (around adulthood). Survey results differ from incentivized experiments when it comes to a potential development of trust in adulthood. The former indicate a steady rise in trust levels at a small rate when becoming older, whereas the latter show a decline, starting at an age of about 60 years.

Keywords: trust, trustworthiness, age

JEL Classification: C720, C910

Suggested Citation

Kocher, Martin G., How Trust in Social Dilemmas Evolves with Age (July 31, 2015). Forthcoming chapter in: Van Lange, P. A. M., Rockenbach, B., & Yamagishi, T. (in press, eds.). Social dilemmas: New perspectives on trust. New York: Oxford University Press.; CESifo Working Paper Series No. 5447. Available at SSRN: https://ssrn.com/abstract=2639100

Martin G. Kocher (Contact Author)

Ludwig Maximilian University of Munich (LMU) - Faculty of Economics ( email )

Ludwigstrasse 28
Munich, D-80539
Germany

Institute for Advanced Studies (IHS) - Department of Economics & Finance ( email )

Stumpergasse 56
A-1060 Vienna, A-1060
Austria

Göteborg University - School of Business, Economics and Law ( email )

Vasagatan 1
Goteborg, 40530
Sweden

Queensland University of Technology - School of Economics and Finance ( email )

GPO Box 2434
2 George Street
Brisbane, Queensland 4001
Australia

Register to save articles to
your library

Register

Paper statistics

Downloads
43
Abstract Views
334
PlumX Metrics