the U.S. We then establish the quantitative result that home equity does not serve as informal collateral for unsecured …

conditions suggests a major role for culture in determining living arrangements. …

innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal … collectivism, in line with recent advances in biology and neuro-science. The effect of culture on long-run growth remains very …

This paper explores the role of culture in determining divorce decisions by examining country of origin differences in … evidence of the effect of culture. Our results are robust to controlling for several home country variables including average …-ethnics. Supplemental analyses indicate that divorce culture has a stronger impact on the divorce decisions of females than of males …

tend not to face higher interest rates because they provide collateral. This paper illustrates these effects in a model and …

that can be used as collateral. This paper presents a model where firm creation and growth hinge on matching potential … entrepreneurs with productive technologies, while firm growth depends on acquired capital. The shortage of collateral creates a ….g., the depth of credit information and the strength of legal rights pertaining to collateral and bankruptcy) would stimulate …

the U.S. We then establish the quantitative result that home equity does not serve as informal collateral for unsecured …