Community trust and low-income individuals

A series of studies assessing how trust in one’s community influenced more than 6,700 individuals' long-term decisions found that low-income individuals with higher levels of community trust made less myopic decisions than those with lower levels of trust; furthermore, a two-year study involving an intervention to increase community trust in rural Bangladesh councils found that individuals from treated communities were more likely to make farsighted choices than residents from untreated communities, suggesting that improved community trust may contribute to reducing poverty.

Article #16-17395: “Community trust reduces myopic decisions of low-income individuals,” by Jon M. Jachimowicz, Salah Chafik, Sabeth Munrat, Jaideep Prabhu, and Elke Weber.