TY  - RPRT
        AU  - Stevenson, Betsey
AU  - Wolfers, Justin
        TI  - Trust in Public Institutions over the Business Cycle
        PY  - 2011/Mar/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 5570
        UR  - https://www.iza.org/index.php/publications/dp5570
        AB  - We document that trust in public institutions – and particularly trust in banks, business and government – has declined over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in institutions. Cross-country comparisons reveal a clear legacy of the Great Recession, and those countries whose unemployment grew the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial sector. Finally, analysis of several repeated cross-sections of confidence within U.S. states yields similar qualitative patterns, but much smaller magnitudes in response to state-specific shocks.
        KW  - trust
KW  - banks
KW  - congress
KW  - survey data
KW  - confidence
KW  - institutions
KW  - media
KW  - big business
KW  - courts
        ER  -