Showing 1 - 10 of 15
We document that trust in public institutions--and particularly trust in banks, business and government--has declined over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in institutions. Cross-country comparisons reveal a clear legacy...
Persistent link: https://www.econbiz.de/10008925712
This paper provides an explanation for why political leaders may want to adopt ideological positions and maintain them over time even in the face of conflicting evidence. We study a dynamic framework in which politicians are better informed than the voting public about an underlying state of...
Persistent link: https://www.econbiz.de/10008468503
polarization of citizens' preferences and characteristics. We show that the increasing degree of polarization does not, in general …-intuitively, the relation between polarization and the stability threshold is ambiguous. We also examine the question of the number of … number and the degree of the country polarization. We find that the stable number of countries also behaves non …
Persistent link: https://www.econbiz.de/10005123952
Convergence concerns poor economies catching up with rich ones. At issue is what happens to the cross-sectional distribution of economies, not whether a single economy tends towards its own steady state. It is the latter, however, that has preoccupied the traditional approach to convergence...
Persistent link: https://www.econbiz.de/10005497811
In this paper we question the common wisdom that more polarized voters’ opinions imply larger policy polarization. We … analyze a voting model in which the source of the polarization in voters’ opinions is “correlation neglect”, that is, voters … neglect the correlation in their information sources. Our main result shows that such polarization in opinions does not …
Persistent link: https://www.econbiz.de/10011165657
We develop a model where voters differ in their exogenous income and in their ideological views regarding what we call 'racism'. Electoral competition, modelled à la Levy (2004), takes place between (one or several) parties which propose platforms consisting of both an ideological and an...
Persistent link: https://www.econbiz.de/10005114242
institutes, the extent to which intellectual competition between different schools of thought may lead to polarization of views …
Persistent link: https://www.econbiz.de/10011084158
regressions, time-series modelling, panel data analysis - can be misleading for understanding convergence; a model of polarization …
Persistent link: https://www.econbiz.de/10005792413
latitude), it shows a significant negative impact on economic growth which is robust to different specifications, polarization …
Persistent link: https://www.econbiz.de/10008458292
) encompasses both diversity and polarization, and (ii) accounts for the distance between languages. Our results suggest that … linguistic diversity is a better predictor of redistribution than linguistic polarization. We also find that incorporating …
Persistent link: https://www.econbiz.de/10005666970