Background: China's rapid economic transformation is similar in some ways to those that have occurred in other rapidly developing nations. Is the pattern in China the same? Methods: Cross-country macrodata are used to compare class self-identification transition in China with other similar...

The purpose of this paper is to develop a testable theory, the interaction thesis, capable of explaining why do we observe differences in economic stability and growth rates between various countries; or - the same thing - why less efficient countries do not duplicate economic policies of more...

In the age of migration, many developed countries face an increasing heterogeneity of their residents. Migrant flows often lead to political discussion about the impact of migrants on labour markets, economic growth, and urban agglomeration processes, and consequently many of these causalities...

We document a statistical association between the severity of the persecution and mass murder of Jews (the Holocaust) by the Nazis during World War II and long-run economic and political outcomes within Russia. Cities that experienced the Holocaust most intensely have grown less, and both cities...

We examine how economic stratification affects inequality and growth over time. We study economies where heterogenous agents interact through local public goods or externalities (school funding, neighborhood effects) and economy-wide linkages (complementary skills. knowledge spillovers). We...

A growing literature relies on natural experiments to establish causal effects in macroeconomics. In diverse applications, natural experiments have been used to verify underlying assumptions of conventional models, quantify specific model parameters, and identify mechanisms that have major...