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Clans, Guilds, and Markets : Apprenticeship Institutions and Growth in the Pre-Industrial Economy

de la Croix, David - 2016

In the centuries leading up to the Industrial Revolution, Western Europe gradually pulled ahead of other world regions … learn as apprentices from the old. Institutions such as the family, the clan, the guild, and the market organize who learns … explain the rise of Europe relative to regions that relied on the transmission of knowledge within extended families or clans …

Persistent link: https://www.econbiz.de/10012456543

Insurer-Provider Networks in the Medical Care Market

Ho, Katherine - 2005

Managed care health insurers in the US restrict their enrollees' choice of hospitals to specific networks. This paper investigates the causes and welfare effects of the observed hospital networks. A simple profit maximization model explains roughly 63 per cent of the observed contracts between...

Persistent link: https://www.econbiz.de/10012466849

Party On : The Labor Market Returns to Social Networks and Socializing

Lleras-Muney, Adriana - 2020

A person's schooling years are a formative time for cognitive development, and also a period of intense social interaction and friendship formation. In this paper, we estimate the production of social capital during adolescence and its effect on wages. We develop a model where homophily and...

Persistent link: https://www.econbiz.de/10012481531

How Much is Social Capital Worth?

Helliwell, John F. - 2010

This paper uses data from global and Canadian surveys data to estimate the powerful linkages between social connections, their related social identities, and subjective well-being. Our explanatory variables include several measures of the extent and frequency of use of social networks, combined...

Persistent link: https://www.econbiz.de/10012462628

Social Capital and Labor Market Networks

Asquith, Brian J. - 2017

We explore the links between social capital and labor market networks at the neighborhood level. We harness rich data taken from multiple sources, including matched employer-employee data with which we measure the strength of labor market networks, data on behavior such as voting patterns that...

Persistent link: https://www.econbiz.de/10012453755

Friends with Benefits : Social Capital and Household Financial Behavior

Cannon, Brad; Hirshleifer, David; Thornton, Joshua - National Bureau of Economic Research - 2024

Using friendship data from Facebook, we study the effects of three aspects of social capital on household financial behavior. We find that the most important measure of social capital in explaining stock market and saving participation is Economic Connectedness, defined as the fraction of one's...

Persistent link: https://www.econbiz.de/10014512040

The Effect of Savings Accounts on Interpersonal Financial Relationships : Evidence from a Field Experiment in Rural Kenya

Dupas, Pascaline - 2015

The welfare impact of expanding access to bank accounts depends on whether accounts crowd out pre-existing financial relationships, or whether private gains from accounts are shared within social networks. To study the effect of accounts on financial linkages, we provided free bank accounts to a...

Persistent link: https://www.econbiz.de/10012457329

The Worldwide Economic Impact of the Revolutionary and Napoleonic Wars

O'Rourke, Kevin H. - 2005

The paper provides a comparative history of the economic impact of the Revolutionary and Napoleonic Wars. By focussing on the relative price evidence, it is possible to show that the conflict had major economic effects around the world. Britain's control of the seas meant that it was much less...

Persistent link: https://www.econbiz.de/10012467339

Labor Supply Shocks and Capital Accumulation : The Short and Long Run Effects of the Refugee Crisis in Europe

Caliendo, Lorenzo; Opromolla, Luca David; Parro, Fernando; … - National Bureau of Economic Research - 2023

, and endogenous capital accumulation. We find that real GDP increases in Europe in the long term, with large distributional …

Persistent link: https://www.econbiz.de/10013537773

Sticky Prices, Coordination and Collusion

Driscoll, John C. - 1999

New Keynesian models of price setting under monopolistic competition involve two kinds of inefficiency: the price level is too high because firms ignore an aggregate demand externality, and when there are costs of changing prices, price stickiness may be an equilibrium response to changes in...

Persistent link: https://www.econbiz.de/10012471622

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