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Can integrity replace institutions? : theory and evidence

Aharonovitz, Gilad D.; Skuza, Nathan; Fahs, Faysal - 2009

Institutions are important for proper economic performance, but are replaceable by trust or other social norms. We show … that when proper institutions and trust are missing, integrity of the individuals can replace them. We construct a model of …) trust, or (3) integrity, foster economic growth. We construct data of economic performance of social groups in Lebanon …

Persistent link: https://www.econbiz.de/10010265978

Bread and Bullets

Akerlof, George A.; Snower, Dennis - 2016

Standard economics omits the role of narratives (the stories that people tell themselves and others) when they make all kinds of decisions. Narratives play a role in understanding the environment; focusing attention; predicting events; motivating action; assigning social roles and identities;...

Persistent link: https://www.econbiz.de/10011431284

Comfort and Conformity: A Culture-based Theory of Migration

Berlinschi, Ruxanda; Fidrmuc, Jan - 2018

This paper proposes a theory of migration decisions in which cultural traits play a role. Individuals are assumed to value comfort (high wages) and conformity (interactions with individuals who share similar world views). Regions are assumed to differ economically (average wages) and culturally...

Persistent link: https://www.econbiz.de/10011932044

Structural Transformation and Value Change: The British Abolitionist Movement

Figueroa, Valentín; Fouka, Vasiliki - 2023

What drives change in a society's values? From Marx to modernization theory, scholars have identified a connection between structural transformation and social change. To understand how changes in a society's dominant mode of production affect its dominant values, we examine the case of the...

Persistent link: https://www.econbiz.de/10014469721

Omnimetrics and Awards

Frey, Bruno S. - 2017

The digital revolution has led to a quantification of ever more areas of human life and society. At the same time, there is an explosion of the number of awards, which by their very nature are based on non-quantified performance. Will quantification take over completely, leading to...

Persistent link: https://www.econbiz.de/10011744888

Comfort and Conformity : A Culture-Based Theory of Migration

Berlinschi, Ruxanda - 2019

Persistent link: https://www.econbiz.de/10012892278

Nobel Students Beget Nobel Professors

Tol, Richard S. J. - 2022

It is unclear whether the hierarchy in the economics profession is the result of the agglomeration of excellence or of nepotism. I construct the professor-student network for laureates of and candidates for the Nobel Prize in Economics. I study the effect of proximity to previous Nobelists on...

Persistent link: https://www.econbiz.de/10013353472

Complementarities, Coordination, and Culture

Ellis, Christopher J.; Thompson, Jon C.; Wu, Jiabin - 2016

We develop a new model of the intergenerational transmission of culture based on the labor market characteristics of different cultural types. Following Borjas (1994,1995) we assume that cultural heterogeneity increases labor productivity due to skill complementarities, however following Jackson...

Persistent link: https://www.econbiz.de/10011522449

Nobel Students Beget Nobel Professors

Tol, Richard S.J - 2022

Persistent link: https://www.econbiz.de/10014079650

Culture and cooperation

Gächter, Simon; Herrmann, Benedikt; Thöni, Christian - 2010

-1367), who study cooperation and punishment in sixteen subject pools from six different world cultures (as classified by … cultural background relative to individual heterogeneity and group-level differences in cooperation. We find that culture has a … substantial influence on the extent of cooperation, in addition to individual heterogeneity and group-level differences identified …

Persistent link: https://www.econbiz.de/10010273873

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