model incorporating England's and China's distinct pre-modern risk-sharing institutions. The model predicts a transition in …We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to …

institutions and early development. Our instrumental-variables estimates provide evidence of a robust, positive effect of openness …

-of-origin composition of a county matters. Moreover, the culture, institutions, and human capital that the immigrant groups brought with …

institutions. We review work with a theoretical, empirical, and historical bent to assess the presence of a two-way causal effect … between culture and institutions. …

institutions. We improve and expand upon previous studies by (i) examining decade-long migration flows that (ii) include flows not … migrants. Once economic freedoms are controlled for, measures of political institutions do not enter significantly into our …

smaller countries that were historically backward and developed a different set of political and economic institutions during … political institutions for the long-run evolution of wealth-income ratios. …

satisfaction gap between post-socialist and advanced countries and the role of political institutions in explaining this gap. My … and may have even reversed it in the post-crisis years. As institutions and macroeconomic conditions continue to improve …