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To identify the effect of social capital on financial development, we exploit the well-known differences in social capital and trust (Banfield (1958), Putnam (1993)) across different parts of Italy, using microeconomic data on households and firms. In areas of the country with high levels of...
Persistent link: https://www.econbiz.de/10005662398
Interest rates on consumer lending are lower when funds are tied to purchase of a durable good than when they are made available on an unconditional basis. Further, dealers often choose to bear the financial cost of their customers’ credit purchases. This Paper interprets this phenomenon in...
Persistent link: https://www.econbiz.de/10005666581
This paper is a contribution to a series of seminars in honour of the late Ronald Henderson. The author was asked to address the question of how the national interest, possible loss of national sovereignty can be addressed within the market framework and whether there are reasons for concern...
Persistent link: https://www.econbiz.de/10004971421
most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is … higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same …-being. Finally, studying changes in satisfaction over time, we find that as countries experience economic growth, their citizens …
Persistent link: https://www.econbiz.de/10008684672
-time. We analyze the relationship between part-time work and life satisfaction, and between job satisfaction and preferred … working hours using panel data on life and job satisfaction for a sample of partnered women and men. We also utilize time … hypothesis in this context. Our main results indicate that partnered women in part-time work have high levels of job satisfaction …
Persistent link: https://www.econbiz.de/10008468702
satisfaction; job satisfaction; and life satisfaction. We account for interdependence within the family using data on partnered men … and women from the British Household Panel Survey. We find that men have the highest hours-of-work satisfaction if they … work full-time without overtime hours but neither their job satisfaction nor their life satisfaction are affected by how …
Persistent link: https://www.econbiz.de/10005123569
offered financial education. Both programs included a voluntary after-school savings club that provided students with a locked … money box. After nine months, both programs had significant impacts on savings behavior relative to the control group …, mostly because children moved savings from home to school. We observed few other impacts. We do find that financial education …
Persistent link: https://www.econbiz.de/10011249377
Evidence on the effectiveness of financial education and formal savings account access is lacking, particularly for … shows the education plus account treatment increases bank savings relative to account-only. But survey-measured total … savings shows roughly equal increases across all treatment arms. Earned income also increases in all treatment arms. We find …
Persistent link: https://www.econbiz.de/10011084404
This paper studies the role played by caste, education and other social and economic attributes in arranged marriages among middle-class Indians. We use a unique data set on individuals who placed matrimonial advertisements in a major newspaper, the responses they received, how they ranked them,...
Persistent link: https://www.econbiz.de/10004991545
This paper inserts Veblen’s (1898) concepts of conspicuous leisure and conspicuous consumption into a very simple model. Individuals have the choice to either invest their time into working, leading to easily observable levels of consumption, or into conspicuous leisure, whose effect on...
Persistent link: https://www.econbiz.de/10004967997