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The Historical Roots of Corruption and Economic Development in Italy
Petrarca, Ilaria; Ricciuti, Roberto - CESifo - 2013
social capital; then, social capital determines the level of corruption; finally, corruption affects economic performance. We … test this hypothesis on a dataset of Italian provinces, and address the possible endogeneity of corruption by applying an … IV model. We use three sets of historical instruments for corruption: 1) foreign dominations in 16th-17th century, 2 …
Persistent link: https://www.econbiz.de/10010641421
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The Tradeoff Between Redistribution and Effort: Evidence from the Field and from the Lab
Buch, Claudia M.; Engel, Christoph - CESifo - 2012
simultaneously determined. Using cross-country panel data from the World Value Survey, we find that it is important to model …
Persistent link: https://www.econbiz.de/10010547897
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Culture and Tax Structures
König, Tobias; Wagener, Andreas - CESifo - 2012
We argue that societies with a stronger tendency towards postmaterialist life goals tilt the tax structure towards personal income taxes and away from corporate taxation. We provide empirical evidence for this correlation in OECD countries. To address endogeneity issues we then use an...
Persistent link: https://www.econbiz.de/10009651860
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(Post-)Materialist Attitudes and the Mix of Capital and Labour Taxation
König, Tobias; Wagener, Andreas - CESifo - 2008
postmaterialism are developed from the World Values Surveys. Their impact on the tax mix is highly significant and goes into the …
Persistent link: https://www.econbiz.de/10005094501
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Exchange Rate Expectations of Chartists and Fundamentalists
Dick, Christian D.; Menkhoff, Lukas - CESifo - 2013
This paper provides novel evidence on exchange rate expectations of both chartists and fundamentalists separately. These groups indeed form expectations differently. Chartists change their expectations more often; however, all professionals’ expectations vary considerably as they generally...
Persistent link: https://www.econbiz.de/10010636592
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Iceland: How Could This Happen?
Gylfason, Thorvaldur - CESifo - 2014
This paper reviews economic developments in Iceland following its financial collapse in 2008, focusing on causes and consequences of the crash. The review is presented in the context of the Nordic region, with broad comparisons also with developments elsewhere on the periphery of Europe, in...
Persistent link: https://www.econbiz.de/10010877635
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Do Natural Disasters Enhance Societal Trust?
Toya, Hideki; Skidmore, Mark - CESifo - 2012
In this paper we investigate the long- and short-run relationships between disasters and societal trust. A growing body research suggests that factors such as income inequality, ethnic fractionalization, and religious heritage are important determinants of social capital in general, and trust in...
Persistent link: https://www.econbiz.de/10010877834
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Social Capital and Collusion: The Case of Merchant Guilds
Dessí, Roberta; Olgivie, Sheilagh - CESifo - 2003
Merchant guilds have been portrayed as “social networks“ that generated beneficial “social capital“ by sustaining shared norms, effectively transmitting information, and successfully undertaking collective action. This social capital, it is claimed, benefited society as a whole by...
Persistent link: https://www.econbiz.de/10005765797
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The Compensating Income Variation of Social Capital
Groot, Wim; Brink, Henriette Maassen van den; Praag, … - CESifo - 2007
There is a small but growing literature on the determinants of social capital. Most of these studies use a measure of trust to define social capital empirically. In this paper we use three different measures of social capital: the size of the individual’s social network, the extent of their...
Persistent link: https://www.econbiz.de/10005094211
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Optimal Policy Towards Families with Different Amounts of Social Capital, in the Presence of Asymmetric Information and Stochastic Fertility
Cigno, Alessandro; Luporini, Annalisa - CESifo - 2006
We examine the effects of differences in social capital on first and second best transfers to families with children, in an asymmetric information context where the number of births, and the future earning capacity of each child that is born, are random variables. The probability that a couple...
Persistent link: https://www.econbiz.de/10005181449