The "Easterlin paradox" suggests that there is no link between a society's economic development and its average level of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a broader array of countries, we establish a clear positive...

"Why are socially beneficial reforms not implemented? One simple answer to this question (which has received little attention in the literature) is that this may be caused by generalized uncertainty about the effectiveness of reforms. If agents are unsure about whether a proposed reform will...

We investigate whether a causal interpretation of the robust association between cognitive skills and economic growth is appropriate and whether cross-country evidence supports a case for the economic benefits of effective school policy. We develop a new common metric that allows tracking...

Economic development in Latin America has trailed most other world regions over the past four decades despite its relatively high initial development and school attainment levels. This puzzle can be resolved by considering the actual learning as expressed in tests of cognitive skills, on which...

Im ifo Schnelldienst 23/2010 wurde über erste Ergebnisse einer neuen wirtschaftshistorischen Forschungsagenda, die historische Entwicklungsprozesse mit mikroökonometrischen Methoden untersucht, berichtet. Sie greift auf einmaliges Datenmaterial preußischer Volkszählungen zurück, das auf...

Im 19. Jahrhundert nahm Deutschland und insbesondere Preußen eine international führende Stellung in der Entwicklung seines Bildungssystems ein. Wenngleich diese Rolle deskriptiv gut dokumentiert ist, konnten ihre Ursachen sowie ihre Bedeutung für den wirtschaftlichen Entwicklungsprozess...

Does fractionalization change over time? If so, are there any substantial implications for economic performance? To answer such questions, we construct a new panel data set with fractionalization measures for 26 former communist countries covering the period from 1989 to 2002. Our...

What is the relationship between economic growth and its volatility? Does political instability affect growth directly or indirectly, through volatility? This paper tries to answer such questions using a power-ARCH framework with annual time series data for Argentina from 1896 to 2000. We show...