Showing 1 - 10 of 98
Historical events are reflected in asset prices. In this paper, we analyse government bond prices of Germany and Austria traded on the Swiss bourse during WWII. Some war events that are generally considered crucial are clearly reflected in government bond prices. This holds, in particular, for...
Persistent link: https://www.econbiz.de/10009781716
This paper argues that corruption in Russia is systemic in nature. Low wage levels of public officials provide strong incentives to engage in corruption. As corruption is illegal, corrupt officials can be exposed any time, which enforces loyalty towards the powers that be; thus corruption is a...
Persistent link: https://www.econbiz.de/10011789215
This paper provides a synthesis of the state of knowledge on the economics of skyscrapers. First, we document how vertical urban growth has gained pace over the course of the 20th century. Second, we lay out a simple theoretical model of optimal building heights in a competitive market to...
Persistent link: https://www.econbiz.de/10012245104
Persistent link: https://www.econbiz.de/10003597971
This paper studies the transmission mechanism from family culture to economic institutions, by analyzing the impact of the within family organization on the original design of the public pension systems. We build a simple OLG model with families featuring either weak or strong internal ties....
Persistent link: https://www.econbiz.de/10008697040
We question the received wisdom that birth limitation was absent among historical populations before the fertility transition of the late nineteenth-century. Using duration and panel models on family-level data, we find a causal, negative short-run effect of living standards on birth spacing in...
Persistent link: https://www.econbiz.de/10009621705
counterbalancing effect and triggered the largest spike in wealth inequality in postwar history. Our findings highlight the importance …
Persistent link: https://www.econbiz.de/10011717045
This paper examines the time-profile of the impact of systemic banking crises on GDP and industrial production using a panel of 24 countries over the inter-war period and compares this to the post-war experience of these countries. We show that banking crises have effects that induce medium-term...
Persistent link: https://www.econbiz.de/10010496916
This paper analyzes the determinants of the labor-capital split in national income for 20 countries since the late 1800s. Our main identification strategy focuses on unique historical quasi-experimental events: i) the introduction of universal suffrage, ii) close election wins of left-wing...
Persistent link: https://www.econbiz.de/10012213168
This paper surveys the recent social science literature on religion in economic history, covering both socioeconomic … studies the role of the Catholic Church in European economic history since the medieval period. Taking advantage of newly … history. Third, many socioeconomic factors matter in the historical development of religions. …
Persistent link: https://www.econbiz.de/10012229328