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Culture, institutions and the wealth of nations
Gorodnichenko, Yuriy; Roland, Gérard - 2010
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with innovation in an individualist culture. This cultural...
Persistent link: https://www.econbiz.de/10009007836
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Family ties
Alesina, Alberto; Giuliano, Paola - 2013
We study the role of the most primitive institution in society: the family. Its organization and relationship between generations shape values formation, economic outcomes and influences national institutions. We use a measure of family ties, constructed from the World Values Survey, to review...
Persistent link: https://www.econbiz.de/10009740419
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China‘s great boom as a historical process
Brandt, Loren; Rawski, Thomas G. - 2020
Beginning in the late 1970s, China's economy delivered the largest growth spurt in recorded history. Striking discontinuity between recent outcomes and the economic experience of the prior 200 years invites portrayal of recent events as a "China miracle" that requires neither economic nor...
Persistent link: https://www.econbiz.de/10012373127
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Immigration, human capital formation and endogenous economic growth
Ehrlich, Isaac; Kim, Jinyoung - 2015
Census data from international sources covering 77% of the world's migrant population indicate that the skill …, the population share of skilled migrants has been approaching or exceeding that of skilled natives. We offer theoretical … capital, population, income growth and distribution, and migration trends are endogenous. We derive new insights about the …
Persistent link: https://www.econbiz.de/10011428114
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From shame to game in one hundred years : an economic model of the rise in premarital sex and its de-stigmatization
Fernández-Villaverde, Jesús; Greenwood, Jeremy; … - 2010
Societies socialize children about many things, including sex. Socialization is costly. It uses scarce resources, such as time and effort. Parents weigh the marginal gains from socialization against its costs. Those at the lower end of the socioeconomic scale indoctrinate their daughters less...
Persistent link: https://www.econbiz.de/10003935113
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Beyond the DSGE straitjacket
Pesaran, M. Hashem; Smith, Ron - 2011
profession should embrace a more flexible approach to macroeconometric modelling. We describe one possible approach …
Persistent link: https://www.econbiz.de/10009248176
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Economics and epidemics: evidence from an estimated spatial Econ-SIR model
Bognanni, Mark; Hanley, Douglas; Kolliner, Daniel; … - 2020
Economic analysis of effective policies for managing epidemics requires an integrated economic and epidemiological approach. We develop and estimate a spatial, micro-founded model of the joint evolution of economic variables and the spread of an epidemic. We empirically discipline the model...
Persistent link: https://www.econbiz.de/10012304816
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Social change
Greenwood, Jeremy (contributor); Guner, Nezih (contributor) - 2008
A society is characterized by the common attitudes and behavior of its members. Such behavior reflects purposive decision making by individuals, given the environment they live in. Thus, as technology changes, so might social norms. There were big changes in social norms during the 20th century,...
Persistent link: https://www.econbiz.de/10003716525
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A Kaldor matching model of real wage declines
Sattinger, Michael - 2001
A model linking macroeconomic phenomena and income distribution in balanced growth equilibria is developed as a variant to the Kaldor model of factor shares. It departs from the original Kaldor model in assuming equal savings rates and production determined by a matching process between workers...
Persistent link: https://www.econbiz.de/10011403982
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Big data is a big deal but how much data do we need?
Askitas, Nikos - 2016
The more conservative among us believe that "Big Data is a fad that will soon fade out" and they may in fact be partially right. By contrast, others - especially those who dispassionately note that digitization is only now beginning to deliver its payload - may beg to differ. We argue that all...
Persistent link: https://www.econbiz.de/10011486497