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negative duration dependence of exit rates from unemployment. Our model has a number of novel testable implications. For …
Persistent link: https://www.econbiz.de/10005792539
We model the emergence of formal insurance institutions as equilibria under limited contract enforceability where … formal insurance institutions. …
Persistent link: https://www.econbiz.de/10011096095
completely after we control for aggregate measures of economic development and quality of institutions. Informal institutions …
Persistent link: https://www.econbiz.de/10005792441
Is social capital long lasting? Does it affect long term economic performance? To answer these questions we test Putnam’s conjecture that today marked differences in social capital between the North and South of Italy were due to the culture of independence fostered by the free city-states...
Persistent link: https://www.econbiz.de/10005789085