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Why Do Europeans Save? Micro-Evidence from the Household Finance and Consumption Survey
Horioka, Charles; Ventura, Luigi - National Bureau of Economic Research - 2024
We analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey (HFCS), which is conducted by the European Central Bank. We find that the rank ordering of saving motives differs greatly depending on what criterion is used to rank them. For...
Persistent link: https://www.econbiz.de/10015056164
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Rugged Individualism and Collective (In)action During the COVID-19 Pandemic
Bazzi, Samuel - 2020
Rugged individualism--the combination of individualism and anti-statism--is a prominent feature of American culture with deep roots in the country's history of frontier settlement. Today, rugged individualism is more prevalent in counties with greater total frontier experience (TFE) during the...
Persistent link: https://www.econbiz.de/10012481079
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Manumission in Nineteenth Century Virginia
Bodenhorn, Howard - 2010
A long-standing debate concerns the rationality of slave owners and this paper addresses that debate within the context of manumission. Using a new sample of 19th-century Virginia manumissions, I show that manumission was associated with the productive characteristics of slaves. More productive...
Persistent link: https://www.econbiz.de/10012462948
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Lost Decades : Lessons from Post-Independence Latin America for Today's Africa
Bates, Robert H. - 2006
Africa and Latin America secured their independence from European colonial rule a century and half apart: most of Latin America after 1820 and most of Africa after 1960. Despite the distance in time and space, they share important similarities. In each case independence was followed by political...
Persistent link: https://www.econbiz.de/10012466051
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Poverty, Political Freedom, and the Roots of Terrorism
Abadie, Alberto - 2004
-specific characteristics such as the level of political freedom are taken into account. Political freedom is shown to explain terrorism, but it … does so in a non-monotonic way: countries in some intermediate range of political freedom are shown to be more prone to … terrorism than countries with high levels of political freedom or countries with highly authoritarian regimes. This result …
Persistent link: https://www.econbiz.de/10012467830
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The Guarantees of Freedom
Porta, Rafael La - 2002
Hayek (1960) distinguishes the institutions of English freedom, which guarantee the independence of judges from … political interference in the administration of justice, from those of American freedom, which allow judges to restrain law … reflect these institutions of English and American freedom, and ask whether these rules predict economic and political freedom …
Persistent link: https://www.econbiz.de/10012469956
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Voluntary Associations, Corporate Rights, and the State : Legal Constraints on the Development of American Civil Society, 1750-1900
Bloch, Ruth H. - 2015
The freedom of citizens to form voluntary associations has long been viewed as an essential ingredient of modern civil … society. Our chapter revises the standard Tocquevillian account of associational freedom in the early United States by …
Persistent link: https://www.econbiz.de/10012457513
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Consumption Externalities and Diffusion in Pharmaceutical Markets : Antiulcer Drugs
Berndt, Ernst R. - 2000
We examine the role of consumption externalities in the demand for pharmaceuticals at both the brand level and over a therapeutic class of drugs. These effects emerge when use of a drug by others affects its value, and/or conveys information abut efficacy and safety to patients and physicians....
Persistent link: https://www.econbiz.de/10012470978
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Estimating the Effect of Unearned Income on Labor Supply, Earnings, Savings, and Consumption : Evidence from a Survey of Lottery Players
Imbens, Guido W. - 1999
Knowledge of the effect of unearned income on economic behavior of individuals in general, and on labor supply in particular, is of great importance to policy makers. Estimation of income effects, however, is a difficult problem because income is not randomly assigned and exogenous changes in...
Persistent link: https://www.econbiz.de/10012471799
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Consumer Reviews and Regulation : Evidence from NYC Restaurants
Farronato, Chiara; Zervas, Georgios - National Bureau of Economic Research - 2022
We investigate the informativeness of hygiene signals in online reviews, and their effect on consumer choice and restaurant hygiene. We first extract signals of hygiene from Yelp. Among all dimensions that regulators monitor through mandated restaurant inspections, we find that reviews are more...
Persistent link: https://www.econbiz.de/10012938684