Showing 1 - 10 of 317
Does fractionalization change over (short periods of) time? If so, are there any substantial implications for economic performance? To answer such questions, we construct a new panel data set with measures of fractionalization for 26 former communist countries covering the period from 1989 to...
Persistent link: https://www.econbiz.de/10005792174
This survey reviews the recent research on trust, institutions and economic development. It discusses the various measures of trust and documents the substantial heterogeneity of trust across space and time. The conceptual mechanisms that explain the influence of trust on economic performance...
Persistent link: https://www.econbiz.de/10011084699
We analyze social and economic phenomena involving beliefs which people value and invest in, for affective or functional reasons. Individuals are at times uncertain about their own 'deep values' and infer them from their past choices, which then come to define 'who they are'. Identity...
Persistent link: https://www.econbiz.de/10005661790
Several cross-country studies have observed a negative correlation between inequality and interpersonal trust. Using data from 59 countries, I instrument for inequality using the relative size of the mature-aged cohort, and find that a rise in inequality reduces trust.
Persistent link: https://www.econbiz.de/10005032865
We construct a dynamic theory of civil conflict hinging on inter-ethnic trust and trade. The model economy is inhabitated by two ethnic groups. Inter-ethnic trade requires imperfectly observed bilateral investments and one group has to form beliefs on the average propensity to trade of the other...
Persistent link: https://www.econbiz.de/10009003383
births and deaths data from Australia, covering all 10,592 days from 1 January 1975 to 31 December 2003. We find that full … moons are not associated with any significant change in the number of conceptions, births, or deaths. Moreover, our standard …
Persistent link: https://www.econbiz.de/10004970068
How much do non-medical factors affect the timing of conceptions, births and deaths? To test this, we estimate the … effect of the millennium on conceptions, births and deaths. With a highly flexible empirical specification, we find large and … significant increases in conceptions and births, and suggestive evidence of an effect on deaths. …
Persistent link: https://www.econbiz.de/10004971383
The aim of this paper is to provide a new mechanism based on social interactions explaining why minority workers have worse labor-market outcomes than majority workers. Building on Granovetter's idea that weak ties are superior to strong ties for providing support in getting a job, we develop a...
Persistent link: https://www.econbiz.de/10009322974
Evidence from psychology suggests that overconfidence is more important in North America than in Japan. The pattern is reversed for shame, an emotion that appears to play a more important role among Japanese than North Americans. We develop a model that endogenizes these differences, building on...
Persistent link: https://www.econbiz.de/10009399711
We study how the prevailing internal organization of the family affected the initial design of pension systems. Our theoretical framework predicts that, in society with weak family ties, pensions systems were introduced to act as a safety net, while in societies with strong ties they replicate...
Persistent link: https://www.econbiz.de/10009399717