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plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of …
Persistent link: https://www.econbiz.de/10009524338
We review patterns in migration within the US over the past thirty years. Internal migration has fallen noticeably since the 1980s, reversing increases from earlier in the century. The decline in migration has been widespread across demographic and socioeconomic groups, as well as for moves of...
Persistent link: https://www.econbiz.de/10009312042
Using data from the 2009 American Housing Survey and Hazard Model, this paper provides empirical evidence that the homeownership experience during the recent housing boom and housing bust was not homogenous across all groups in the U.S. The recent deterioration of underwriting practices and a...
Persistent link: https://www.econbiz.de/10009683009
The financial industry has been struggling with widespread misconduct and public mistrust. Here we argue that the lack of trust into the financial industry may stem from the selection of subjects with little, if any, trustworthiness into the financial industry. We identify the social preferences...
Persistent link: https://www.econbiz.de/10012265867
We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence … rise to multiplicity of house prices. In a dynamic setup, we conceptualize confidence as a realization of rationally … confidence may drive house prices and aggregate consumption. …
Persistent link: https://www.econbiz.de/10011347156
This paper evaluates the effect of financial shocks on interpersonal trust levels, exploiting longitudinal survey data from 22,112 Australians. Using within-individual level variation, we find that trust does not change meaningfully following a positive financial shock (e.g., winning the...
Persistent link: https://www.econbiz.de/10011775876
We establish an inverse relationship between family ties, generalized trust and political participation. The more individuals rely on the family as a provider of services, insurance, transfer of resources, the lower is civic engagement and political participation. The latter, together with...
Persistent link: https://www.econbiz.de/10003832188
This survey reviews the recent research on trust, institutions and growth. It discusses the various measures of trust and documents the substantial heterogeneity of trust across space and time. The conceptual mechanisms and the methods employed to identify the causal impact of trust on economic...
Persistent link: https://www.econbiz.de/10009763283
How should we interpret the World Values Survey (WVS) trust question? We conduct an experiment in India, a low trust …
Persistent link: https://www.econbiz.de/10011457340
for 80,000 individuals, drawn as representative samples from 76 countries around the world, representing 90 percent of … both the world's population and global income. The global distribution of preferences exhibits substantial variation across … systematically with age, gender, and cognitive ability. Around the world, our preference measures are predictive of a wide range of …
Persistent link: https://www.econbiz.de/10011387557