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The Economic Impacts of Altruism, Trust and Reciprocity: An Experimental Approach to Social Capital

This paper experimentally measures the ‘social capital’ of altruism, trust and reciprocity and empirically explores the impact of these norms on economic well-being. Using an experimental economic design that distinguishes trust and reciprocity from altruism, data were collected from individuals in a random sample of South African communities. Analyzed at the community level, these data suggest that while related, trust and reci