Trust in public institutions and public policies are generally perceived as a precondition for economic recovery in times of recession. Recent empirical evidence tends to find a positive link between decentralization and trust. But our knowledge about whether decentralization—through increased...

We replicate Shaw (J Labor Econ 14(4):626–653, <CitationRef CitationID="CR20">1996</CitationRef>) who found that individual wage growth is higher for individuals with greater preference for risk taking. Expanding her dataset with more American observations and data for Germany, Spain, and Italy, we find evidence that risk attitudes are...</citationref>

In this paper, we use a unique data set on granted mortgages to investigate whether immigrant and native borrowers are treated differently by lenders in the Spanish mortgage market. We observe that immigrant borrowers are charged substantially higher interest rates in their mortgages than their...