Showing 1 - 10 of 22
We argue that social capital as proxied by trust increases aggregate productivity by affecting the organization of … Corporate Headquarters to local plant managers in almost 4,000 firms in the United States, Europe, and Asia. We find that firms … headquartered in high trust regions are more likely to decentralize, with trust accounting for about half of the variation in …
Persistent link: https://www.econbiz.de/10005256468
This paper discusses the key hypotheses which Joseph Stiglitz proposed, in his wide-ranging critique of the 'Washington Consensus', with regard to transition reforms and economic polices in China and Russia. The primary purpose is to evaluate the Stiglitz perspective in the light of empirical...
Persistent link: https://www.econbiz.de/10005017038
to trust, and specifically that admiring the president is strongly related to trust in government. Using this link we can … provide information on trends in trust on a consistent basis back to the late 1940s, earlier than most other data sources …
Persistent link: https://www.econbiz.de/10011099878
Existing studies of trust formation in U.S. metropolitan areas have found that trust is lower when there is more income … groups (racial income inequality). I find that greater racial income inequality reduces trust. Also, racial fragmentation is … no longer a significant determinant of trust once racial income inequality is accounted for. I also show that racial …
Persistent link: https://www.econbiz.de/10011167272
Very little is known about how the differential treatment of sexual minorities could influence subjective reports of overall well-being. This paper seeks to fill this gap. Data from two large surveys that provide nationally representative samples for two different countries - Australia (the...
Persistent link: https://www.econbiz.de/10010775217
Using a unique dataset we study both the actual and self-perceived relationship between subjective well-being and income comparisons against a wide range of potential comparison groups, enabling us to investigate a broader range of questions than in previous studies. In questions inserted into a...
Persistent link: https://www.econbiz.de/10005037456
In order to value non-market goods, economists estimate individuals' willingness to pay (WTP) for these goods using revealed or stated preference methods. We compare these conventional approaches with subjective well-being (SWB), which is based on individuals' ratings of their happiness or life...
Persistent link: https://www.econbiz.de/10005796133
In normative public economics it is crucial to know how fast the marginal utility of income declines as income increases. One needs this parameter for cost-benefit analysis, for optimal taxation and for the (Atkinson) measurement of inequality. We estimate this parameter using four large...
Persistent link: https://www.econbiz.de/10005796149
We look for evidence of habituation in twenty waves of German panel data: do individuals, after life and labour market events, tend to return to some baseline level of well-being? Although the strongest life satisfaction effect is often at the time of the event, we find significant lag and lead...
Persistent link: https://www.econbiz.de/10005150998
A major finding from research into the sources of subjective well-being is that individuals exhibit a "baseline" level of happiness. We explore the influence of genetic variation by employing a twin design and genetic association study. We first show that about 33% of the variation in happiness...
Persistent link: https://www.econbiz.de/10009650460