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    사회신뢰와 국가의 부 창출과정 = Social Trust and Accumulation Process of Wealth of Nation

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    https://www.riss.kr/link?id=A60128646

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    다국어 초록 (Multilingual Abstract) kakao i 다국어 번역

    Other-regarding preferences (ORPs) such as trust, reciprocity and altruism are integral elements in economic transactions between companies, between consumers and retailers, between employers and employees, and in determining economic performance. Especially, social trust has been given a great deal of attention across an array of academic disciplines for its role in promoting cooperation among individuals and groups and for its positive influence on the economic performance of corporations. The crucial role of social trust for decision-making and economic performance has been recognized for a long time. Social trust stands for the social structure of a country and enables the investigation of the relationship between social and economic development. For example, the trust game proposed by Berg et al. (1995) demonstrated that individuals are able to achieve a higher but uncertain payoff by trusting that the anonymous counterpart is willing to cooperate and reciprocate the trust placed. Most studies (including World Values Survey) describe Korea as a low-trust society than Japan or China, even though a few studies find the evidences that social trust in South Korea is no less than those in other east asian countries. The argument created serious concerns for Korean scholars. The literature showed that income inequality and corruption best explains why social trust in Korea is lower than other east asian countries. The term social trust, which is generalized interpersonal trust, is distinguished from trust embedded in personal relations, or particularized thick trust. The most widely used question on social trust in surveys is In general, do you agree that most people can be trusted or that you can`t be too careful in dealing with other people?. The general social survey has asked this same question since in the US, and the World Values Surveys, and European Values Study has used the same question. Social development in the form of higher trust is supposed to be strongly related to economic development. In other words, social trust increases the wealth of nation because social trust has positive influence on economic performance of corporations. The wealth of nation can be considered as aggregation of individuals` wealths in a nation. Thus, one can interpret that social trust increases the wealth of nation if it increases each individual`s wealth. It is possible to accumulate wealth when each individual works hard and when individuals cooperate with each other (or when transaction costs is low) because social trust increases cooperation and it reduces transaction cost (and it helps solve collective action problems). Previous studies have focused on the role of social trust in increasing cooperation and in reducing transaction cost. However, few study focuses on the relationship between social trust and individuals` perception on hard work. The salient value similarity (SVS) model explains that social value influence social trust. Thus, this paper investigates if individuals` perception on hard work influences on social trust because individuals` perception related to hard work represents a social value. Used is the World Values Survey (WVS) data for 55,090 respondents (The number of male is 26,692 and that of female was 28,398.) from 155 nations (including Korea, USA, Spain, Chile, Norway, and so on.). The average age of the respondents was 41.9. The World Values Survey (WVS) is a global research project that explores people`s values and beliefs, how they change over time and what social and political impact they have. It is carried out by a worldwide network of social scientists who, since 1981, have conducted representative national surveys. The WVS is the only source of empirical data on attitudes covering a majority of the world`s population (nearly 90%). The social trust was measured by degree to which a respondent thinks that most people can be trusted. The perceptions on hard work were measured with 2 questions: The first one is that Hard work does not generally bring success: it´s more a matter of luck and connections. - In the long run, hard work usually brings a better life., and the second one is that Everything is determined by fate. - People shape their fate themselves. To test the effects of the two perceptions on the social trust, this study used the GLM (Generalized Linear Model) in which the factors were gender, nation, income, marital status, and the covariates were the two perceptions and age. The results showed that the social trust is positively influenced by the perceptions (related to hard work). The respondents, who perceive that hard work usually brings a better life (or who perceive that hard work generally bring success: it is not a matter of luck and connections) and who perceive that people shape their fate themselves (or who perceive that everything is not determined by fate), showed higher social trust. This implies that the wealth of nation is affected directly and indirectly through social trust by individuals` perception on hard work. Additionally, this study found that the social trust is different by regional area, income class, and marital status. First, the countries in North Europe have higher social trust than those in the other regional areas (e.g., Asia, America, and Africa). Second, the high income classes have higher social trust than the lower income classes. Third, persons who are married have higher social trust than those who are divorced or separated.
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    Other-regarding preferences (ORPs) such as trust, reciprocity and altruism are integral elements in economic transactions between companies, between consumers and retailers, between employers and employees, and in determining economic performance. Esp...

    Other-regarding preferences (ORPs) such as trust, reciprocity and altruism are integral elements in economic transactions between companies, between consumers and retailers, between employers and employees, and in determining economic performance. Especially, social trust has been given a great deal of attention across an array of academic disciplines for its role in promoting cooperation among individuals and groups and for its positive influence on the economic performance of corporations. The crucial role of social trust for decision-making and economic performance has been recognized for a long time. Social trust stands for the social structure of a country and enables the investigation of the relationship between social and economic development. For example, the trust game proposed by Berg et al. (1995) demonstrated that individuals are able to achieve a higher but uncertain payoff by trusting that the anonymous counterpart is willing to cooperate and reciprocate the trust placed. Most studies (including World Values Survey) describe Korea as a low-trust society than Japan or China, even though a few studies find the evidences that social trust in South Korea is no less than those in other east asian countries. The argument created serious concerns for Korean scholars. The literature showed that income inequality and corruption best explains why social trust in Korea is lower than other east asian countries. The term social trust, which is generalized interpersonal trust, is distinguished from trust embedded in personal relations, or particularized thick trust. The most widely used question on social trust in surveys is In general, do you agree that most people can be trusted or that you can`t be too careful in dealing with other people?. The general social survey has asked this same question since in the US, and the World Values Surveys, and European Values Study has used the same question. Social development in the form of higher trust is supposed to be strongly related to economic development. In other words, social trust increases the wealth of nation because social trust has positive influence on economic performance of corporations. The wealth of nation can be considered as aggregation of individuals` wealths in a nation. Thus, one can interpret that social trust increases the wealth of nation if it increases each individual`s wealth. It is possible to accumulate wealth when each individual works hard and when individuals cooperate with each other (or when transaction costs is low) because social trust increases cooperation and it reduces transaction cost (and it helps solve collective action problems). Previous studies have focused on the role of social trust in increasing cooperation and in reducing transaction cost. However, few study focuses on the relationship between social trust and individuals` perception on hard work. The salient value similarity (SVS) model explains that social value influence social trust. Thus, this paper investigates if individuals` perception on hard work influences on social trust because individuals` perception related to hard work represents a social value. Used is the World Values Survey (WVS) data for 55,090 respondents (The number of male is 26,692 and that of female was 28,398.) from 155 nations (including Korea, USA, Spain, Chile, Norway, and so on.). The average age of the respondents was 41.9. The World Values Survey (WVS) is a global research project that explores people`s values and beliefs, how they change over time and what social and political impact they have. It is carried out by a worldwide network of social scientists who, since 1981, have conducted representative national surveys. The WVS is the only source of empirical data on attitudes covering a majority of the world`s population (nearly 90%). The social trust was measured by degree to which a respondent thinks that most people can be trusted. The perceptions on hard work were measured with 2 questions: The first one is that Hard work does not generally bring success: it´s more a matter of luck and connections. - In the long run, hard work usually brings a better life., and the second one is that Everything is determined by fate. - People shape their fate themselves. To test the effects of the two perceptions on the social trust, this study used the GLM (Generalized Linear Model) in which the factors were gender, nation, income, marital status, and the covariates were the two perceptions and age. The results showed that the social trust is positively influenced by the perceptions (related to hard work). The respondents, who perceive that hard work usually brings a better life (or who perceive that hard work generally bring success: it is not a matter of luck and connections) and who perceive that people shape their fate themselves (or who perceive that everything is not determined by fate), showed higher social trust. This implies that the wealth of nation is affected directly and indirectly through social trust by individuals` perception on hard work. Additionally, this study found that the social trust is different by regional area, income class, and marital status. First, the countries in North Europe have higher social trust than those in the other regional areas (e.g., Asia, America, and Africa). Second, the high income classes have higher social trust than the lower income classes. Third, persons who are married have higher social trust than those who are divorced or separated.

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    참고문헌 (Reference)

    1 삼성경제연구소, "한국의 사회갈등과 경제적 비용" (710) : 2009

    2 박상준, "한국, 일본, 중국, 미국의 경쟁과 부에 대한 인식과 사회신뢰" 한국경영과학회 37 (37): 61-71, 2012

    3 Inglehart, Ronald, "World Values Survey" University of Michigan Press 1998

    4 The World Bank, "Where is the Wealth of Nations? - Measuring Capital for 21st Century, Whashington, D.C" The International Bank for Reconstruction and Development 2006

    5 Berg, Joyce, "Trust, Reciprocity, and Social history" 10 : 122-142, 1995

    6 Kim, Yong-Hak, "Trust, Cooperation and Social Risk: A Cross-Cultural Comparison" (봄) : 131-153, 1998

    7 Hagen, James M, "Trust in Japanese Interfirm Relations: Institutional Sanctions Matter" 23 (23): 601-620, 1998

    8 Fukuyama, Francis, "Trust : The Social Virtues and the Creation of Prosperity" Free Press 1995

    9 Barber, Bernard, "The Logic and Limit of Trust" Rutgers University Press 1983

    10 Cvetkovich, George T., "The Attribution of Social Trust, In Social Trust and the Management of risk" Earthscan 53-61, 1999

    1 삼성경제연구소, "한국의 사회갈등과 경제적 비용" (710) : 2009

    2 박상준, "한국, 일본, 중국, 미국의 경쟁과 부에 대한 인식과 사회신뢰" 한국경영과학회 37 (37): 61-71, 2012

    3 Inglehart, Ronald, "World Values Survey" University of Michigan Press 1998

    4 The World Bank, "Where is the Wealth of Nations? - Measuring Capital for 21st Century, Whashington, D.C" The International Bank for Reconstruction and Development 2006

    5 Berg, Joyce, "Trust, Reciprocity, and Social history" 10 : 122-142, 1995

    6 Kim, Yong-Hak, "Trust, Cooperation and Social Risk: A Cross-Cultural Comparison" (봄) : 131-153, 1998

    7 Hagen, James M, "Trust in Japanese Interfirm Relations: Institutional Sanctions Matter" 23 (23): 601-620, 1998

    8 Fukuyama, Francis, "Trust : The Social Virtues and the Creation of Prosperity" Free Press 1995

    9 Barber, Bernard, "The Logic and Limit of Trust" Rutgers University Press 1983

    10 Cvetkovich, George T., "The Attribution of Social Trust, In Social Trust and the Management of risk" Earthscan 53-61, 1999

    11 Buchan, Nancy R, "Swift Neighbors and Persistent Strangers: A Cross-Cultural Investigation of Trust and Reciprocity in Social Exchange" 108 : 168-208, 2002

    12 Van Dijk, Eric, "Strategy and Fairness in Social Decision Making : Sometimes it pays to be powerless" 36 : 1-25, 2000

    13 Earle, Timothy C, "Social trust: Toward a Cosmopolitan Society" Praeger 1995

    14 Barney, Jay B, "Reciprocation as a Source of Competitive Advantage" 15 : 175-190, 1994

    15 Buchan, Nancy R, "Let's Get Personal: An International Examination of the Influence of Communication, Culture and Social Distance on Other Regarding Preferences" 30 : 1-23, 2005

    16 Fischer, Justina. A. V., "Is Competition Good For Trust? Cross-country Evidence Using Micro-data" 100 : 56-59, 2008

    17 Triandis, Harry C., "Interpersonal Behavior" Brooks/Cole 1977

    18 Arrow, Kenneth J., "Gifts and Exchanges" 1 : 343-362, 1972

    19 Berggren, Niclas, "Free to Trust : Economic Freedom and Social Capital" 59 : 141-169, 2006

    20 Yamagishi, Toshio, "Exit from the Group as an Individualistic Solution to the Public Good Problem in the United States and Japan" 24 : 530-554, 1988

    21 Knack, Stephen, "Does Social Capital Have an Economic Payoff? A Cross Country Investigation" 112 : 1251-1288, 1997

    22 Fishbein, Martin, "A Theory of Reasoned Action : Some Applications and Implication, In Nebraska Symposium on Motivation 1979: Beliefs, Attitudes and Values" University of Nebraska Press 65-115, 1980

    23 Cho, Kisuk, "A Cross- Society Study of Trust and Reciprocity: Korea, Japan, and the U.S" 3 : 31-43, 2000

    24 Fishbein, Martin, "A Behavior Theory Approach to the Relations Between Beliefs about an Object and the Attitude toward the Object, In Readings in Attitude Theory and Measurement" John Wiley & Sons 1967

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