Can Trust Explain Patience? A Cross-Country Analysis
Florens Pfann  1@  , Gerard Pfann  1@  
1 : Maastricht University [Maastricht]
Universiteitssingel 40;6200 MD Maastricht -  Netherlands

Variation in trust positively explains variation in patience. Across countries this

paper finds that a one standard deviation increase in the variation of Trust leads to an increase

of at least 10 percent of variation in Patience. The implication of this result is that generating

and maintaining a trustful environment is fundamental to encourage patience and other

economy enhancing behavior. The results of this study confirm that generating and maintaining

an environment of trust is essential to encourage patience for the advancement of economic

prosperity.


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