Bräuninger, Michael; Tolciu, Andreia - In: Journal of Institutional and Theoretical Economics (JITE) 167 (2011) 3, pp. 434-444
This paper explores the effect of social capital on mobility, and the role of mobility in the decision to invest in social capital. At the end of a period, in which individuals work and invest in regionally immobile social capital, there may be an income shock. Given a negative shock,...