Institutions can affect individual behavior both via their efficiency impact and via their risk reducing mechanisms … simultaneously extant institutions. This paper presents a simple model of institutional choice in a labor market when there is a risk …

my instruments are significant predictors of mortality and are otherwise excludable to institutions. Among other things … mortality strongly affected institutions in former colonies, yet it had no effect on institutions in the rest of the world. This … variable estimations, I show that also the relation between institutions and income is highly significant and that the …

endowments and institutions on income by utilizing the interaction of geography and colonial experience. I first document that … rest of the world. Second, I develop an empirical strategy that identifies the relation between institutions and income but … that also accounts for the direct effect of endowments. I find that institutions are the main determinant of development …

of its detrimental impact on the formation of domestic institutions, such as the security of private property, the …

decision makers. These responses, in turn influenced by institutions and instrumental freedoms, ultimately affect the dynamics …

exercises indicate that recent findings of the conduciveness of good institutions, and, to some extent trade, on levels of TFP …

associated with inequality adversely affected the emergence of institutions that promote human capital accumulation. The research …

from institutions, and to some extent, geography, on long-run prosperity and TFP, may be thus explained. …