Economics has rediscovered happiness even though the discipline has always been about human wellbeing. A growing evidence suggests that happier people can be more productive and innovative, which leads to profitability and economic growth. Thus, there are

Does the existence of formal title to land and real estate matter for the distribution of wealth? This paper reviews the empirical literature on the economic impact of land and real estate administration systems across countries. This paper argues that a functioning credit market for secured...

All countries in transition experienced increases in inequality. They have also undertaken massive privatization of key asset housing, often on give-away terms. Are these two phenomena related? Has transfer of ownership rights to residents slowed down the inequality increases or it pushed it up?...

The economies in transition are experiencing unique changes in the distribution of assets. The growth in the share of private ownership is occurring through the privatization of state-owned assets and through the birth of private firms. The changes in the property rights regime are exceptionally...