Showing 1 - 10 of 32
This paper reviews the literature on economic inequality and trust. Cross-country studies, within-country studies, and … experiments all suggest that economic inequality exerts a negative influence on trust. Four mechanisms are proposed to explain the …
Persistent link: https://www.econbiz.de/10005029285
We present new evidence on the influence of income inequality on generalized trust. Using individual panel data from … especially differences among people in the bottom half of the income distribution, are associated with lower trust. The … relationship between income inequality and trust is particularly strong for people with a strong aversion against income …
Persistent link: https://www.econbiz.de/10005645359
We conduct an extensive robustness analysis of the relationship between trust and growth by investigating a later time …. We find that when outliers (especially China) are removed, the trust-growth relationship is no longer robust. On average …, the trust coefficient is half as large as in previous findings. …
Persistent link: https://www.econbiz.de/10005645408
This paper finds evidence that more democratic political institutions increase trust. Second generation immigrants with … country, those whose father was born in a more democratic country express higher trust than those whose father was born in a …
Persistent link: https://www.econbiz.de/10011188488
This paper presents evidence that generalized trust promotes health. Children of immigrants in a broad set of European … in trust across countries of ancestry. There is a significant positive estimate of ancestral trust in explaining …. Individuals with higher ancestral trust are also less likely to be hampered by health problems in their daily life, providing …
Persistent link: https://www.econbiz.de/10011188490
We provide a model that explains the following empirical observations: i) private ownership is more efficient than public ownership, ii) privatizations are associated with increases in efficiency and iii) the increase in efficiency predates the privatization. The two key mechanisms explaining...
Persistent link: https://www.econbiz.de/10005771095
This paper examines the restructuring of state assets in markets deregulated by privatizations and investment liberalizations. We show that the government has a stronger incentive to restructure than the buyer: A firm restructuring only takes into account how much its own profit will increase....
Persistent link: https://www.econbiz.de/10005645287
The publication of János Kornai’s memoirs, By Force of Thought, provides an excellent opportunity to remind ourselves of Kornai’s great contributions to economic research. This paper discusses both his basic research strategy and some of his main research results. Kornai has usually dealt...
Persistent link: https://www.econbiz.de/10005771097
North Korea is perceived by many as one of the most totalitarian societies of modern time. But in the wake of the economic collapse of the 1990s, North Korean totalitarianism has grappled with new conditions. This paper examines how the country’s totalitarian character has been upheld through...
Persistent link: https://www.econbiz.de/10008494015
Sweden experienced exeptionally fast economic growth during the century-long period 1870-1970. This illustrates that a decentralized market economy, highly open to international transactions, may be quite conductive to sustained productivity growth if the government fulfills its "classical"...
Persistent link: https://www.econbiz.de/10005190641