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dilemmas and maintening public goods in human societies. We study the development of cooperation in 929 young children, aged 3 … of defectors is applied. Children also engage in reciprocating others, showing that reciprocity strategies are already … young children fail to anticipate the benefits of reputation building. We also show that the cognitive skills of children …
Persistent link: https://www.econbiz.de/10012547006
We study the development of cooperation in 929 young children, aged 3 to 6. In a unified experimental framework, we … game. We find that third-party punishment doubles cooperation rates in comparison to a control condition. Children also … influence of children's cognitive skills and parents' socioeconomic background on cooperation. …
Persistent link: https://www.econbiz.de/10012668493
fathers and mothers and their children by drawing on a unique dataset of 1,999 members of Bangladeshi families, including 911 … children, aged 6-17 years, and 544 pairs of mothers and fathers. We find a large degree of intergenerational persistence as the … economic preferences of mothers and fathers are significantly positively related to their children's economic preferences …
Persistent link: https://www.econbiz.de/10011800548
Two separate narratives have emerged in the wake of the Global Financial Crisis. One speaks of private financial excess and the key role of the banking system in leveraging and deleveraging the economy. The other emphasizes the public sector balance sheet over the private and worries about the...
Persistent link: https://www.econbiz.de/10010199757
Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of modern economic history in the advanced economies. We...
Persistent link: https://www.econbiz.de/10010468583
We evaluate the impact of the global financial crisis (GFC) and recent structural changes in the patterns of hoarding international reserves (IR). We confirm that the determinants of IR hoarding evolve with developments in the global economy. During the pre-GFC period of 1999-2006, gross saving...
Persistent link: https://www.econbiz.de/10010490278
This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks’ balance sheets doubled in the course of the 20th century, driven by a sharp rise of...
Persistent link: https://www.econbiz.de/10010412763