Showing 1 - 10 of 594
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/10013013592
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/10013112775
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/10013159947
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/10013011171
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/10012993949
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/10013035397
It is sometimes said that an effect of the COVID-19 pandemic will be heightened appreciation of the importance of scientific research and expertise. We test this hypothesis by examining how exposure to previous epidemics affected trust in science and scientists. Building on the "impressionable...
Persistent link: https://www.econbiz.de/10013314974
exploit a dataset combining Gallup World Polls and Global Findex surveys for some 250,000 individuals in 140 countries …
Persistent link: https://www.econbiz.de/10013406444
This paper empirically examines the degree of persistence in four precious metal prices (i.e., gold, palladium, platinum, and silver) during the last four U.S. recessions. Unit root tests and fractional integration techniques suggest that gold still is the most prominent safe haven asset within...
Persistent link: https://www.econbiz.de/10014351417
chorus of the tragedy which plays on the world stage. The main thesis of our work is that,despite the triumphant …
Persistent link: https://www.econbiz.de/10009486980