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negative indirect effect, operating through the insurance mechanism of government size. Theoretically, the net growth effect of … volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries …
Persistent link: https://www.econbiz.de/10010959641
the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …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 …
Persistent link: https://www.econbiz.de/10008868129
The social costs of rent seeking are generally evaluated with respect to rent dissipation. A common assumption is complete rent dissipation so that the value of a contested rent is the value of social loss. When rent seekers earn taxable income, there is interdependence between the social cost...
Persistent link: https://www.econbiz.de/10010764590
In order to credibly "sell" legitimate children to their spouse, women must forego more attractive mating opportunities. This paper derives the implications of this observation for the pattern of matching in marriage markets, the dynamics of human capital accumulation, and the evolution of the...
Persistent link: https://www.econbiz.de/10008565196
What role do community norms play in the diffusion and persistence of new organizational practices? We explore this question through an examination of the widespread practice of wage arrears, the late and non-payment of wages, in Russia during the 1990s. Existing research on wage arrears most...
Persistent link: https://www.econbiz.de/10005761724
Using a unique sample of new Ph.D. economists in 1987 and 1997, we examine how job seekers and their employers alter their search strategies in strong versus weak markets. The 1987 academic market was strong while the 1997 market was much weaker. A multimarket theory of optimal search suggests...
Persistent link: https://www.econbiz.de/10005763669
We develop entrepreneurship and institutional theory to explain variation in different types of entrepreneurship across individuals and institutional contexts. Our framework generates hypotheses about the negative impact of higher levels of corruption, weaker property rights and especially...
Persistent link: https://www.econbiz.de/10008839291
Utilitarian foundations for limited government are shaky insofar as they assume rational and consistent individuals … on the scope of government intervention. …
Persistent link: https://www.econbiz.de/10011079233
of labor market institutions and government intervention. In particular, technology change is induced by rigid wage … commodity prices, openness induces the government to subsidize technological innovation in the developed country because …
Persistent link: https://www.econbiz.de/10005566677
entrepreneur. We focus on the size of the government, on freedom from corruption, and on 'market freedom' defined as a cluster of …. Our results indicate that entrepreneurial entry is inversely related to the size of the government, and more weakly to the … removed from the sample but unlike the size of government, the results on corruption are not confirmed by country-level fixed …
Persistent link: https://www.econbiz.de/10008466014