Positive and negative health events and trust

Trust plays a vital role in shaping numerous socio-economic behaviors. However, little is known about how significant life events, such as adverse and beneficial health events, shape up trust. Therefore, we examine the impact of positive and negative health events on general trust using the LISS pan...

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Bibliographic Details
Published in:Empirica 2024-05, Vol.51 (2), p.459-479
Main Authors: Umer, Hamza, Li, Yanjun
Format: Article
Language:English
Subjects:
COVID-19
Econometrics
Economics
Economics and Finance
European Integration
Health
Health surveys
Industrial Organization
Infections
Influence
International Economics
Life events
Macroeconomics/Monetary Economics//Financial Economics
Mental health
Negative events
Onsite
Original Paper
Pandemics
Positive life events
Psychological well being
Public Finance
Respondents
Robustness
Social interaction
Socioeconomic factors
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Summary:Trust plays a vital role in shaping numerous socio-economic behaviors. However, little is known about how significant life events, such as adverse and beneficial health events, shape up trust. Therefore, we examine the impact of positive and negative health events on general trust using the LISS panel (3911 respondents) from the Netherlands. The primary health event variable is constructed by comparing self-reported health in 2017 with 2018, while trust measured in 2019 (after the health survey) is used as the outcome variable. We find a significant and negative impact of adverse health events on trust, while positive health events have an insignificant effect. We perform several robustness checks that support our main findings. Further investigation shows that negative health events impact trust by reducing psychological wellbeing and social interactions. The results provide fresh insights into the health events and trust nexus.
ISSN:0340-8744
1573-6911
DOI:10.1007/s10663-024-09605-3