The Impact of the Macroeconomic Environment on Social Preferences: Evidence from the Global Preference Survey

The effect of social preferences, such as altruism and trust, on economic development is widely recognized. However, the reciprocal impact, i.e., how individuals experience environment this shapes their has remained largely under-explored. This study sheds light effect, revealing an intriguing macroeconomic impact individuals’ preferences. By harnessing Global Preference Survey data a non-linear regression model, our findings highlight interesting trend: there discernible decrease in preference they enhanced conditions, more pronounced for males. crucial revelation underscores importance researchers policymakers to take into account prospective attenuation preferences pursuit well-being.