Institutions can affect individual behavior both via their efficiency impact and via their risk reducing mechanisms … simultaneously extant institutions. This paper presents a simple model of institutional choice in a labor market when there is a risk …

countries with worse institutions relative to the origin country. Additionally, institutional distance matters more for …

. Three dimensions of institutional quality—legislative, administrative, and judicative institutions—are analyzed on the basis …

unemployment benefits) in determining firm-provided training. We find that the institutional interactions - specifically, their … striking results, such as: (a) the minimum wage and unemployment benefits generate increasing skills inequality whereas firing … costs generate diminishing skills inequality; (b) unemployment benefits and firing costs are complements in their effects on …

associated with inequality adversely affected the emergence of institutions that promote human capital accumulation. The research …

from institutions, and to some extent, geography, on long-run prosperity and TFP, may be thus explained. …

distribution of land ownership, adversely affected the implementation of human capital promoting institutions (e.g., public …