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In the beginning of the 1890s, counties located in the Cotton Belt of the American South were hit by an agricultural plague, the boll weevil, that adversely affected cotton production and hence the demand for labor. We use variation in the incidence of the boll weevil multiplied with counties’...
Persistent link: https://www.econbiz.de/10011107288
Unequally-distributed resources, whether people’s income or competence, are ubiquitous in our real world. Whether to promote competition or to lead to a more equal environment is often in question in societies or organizations. With heterogeneous endowments, we let subjects collectively choose...
Persistent link: https://www.econbiz.de/10011113335
Research on intergenerational mobility has often treated outcomes such as schooling and earnings as being imperfectly transmitted from one parent to a child. But because the characteristics of both parents are important in shaping children’s outcomes, the way in which a generation of parents...
Persistent link: https://www.econbiz.de/10011267887
The question whether a socially mobile society is conducive to subjective well-being (SWB) has rarely been investigated. This paper fills this gap by analyzing the SWB effects of intergenerational earnings mobility and equality in education at the societal level. Using socio-demographic...
Persistent link: https://www.econbiz.de/10005061673
The question whether a socially mobile society is conducive to subjective well-being (SWB) has rarely been investigated. This paper fills this gap by analyzing the SWB effects of intergenerational earnings mobility and equality in educational attainment at the societal level. Using...
Persistent link: https://www.econbiz.de/10005109561
system that then existed in the world, and (c) the transition from a uni-polar world, with the U.S.A. as the single center of …
Persistent link: https://www.econbiz.de/10008596380
institutions, slavery, farm inequality, and political inequality on long-term development in São Paulo. The principal findings are … end of the twentieth century; (2) measures of the intensity of slavery have little if any independent impact on income in … contemporary economic or political inequality. Overall, neither the intensity of slavery nor the pattern of inequality had any …
Persistent link: https://www.econbiz.de/10008622262
In this paper, we formulate a political system that can satisfy certain desirable characteristics that include democratic participation, serving for universal interest, public sector efficiency, and sustainable by incentive compatibility and virtuous cycles. The system comprises a set of rules...
Persistent link: https://www.econbiz.de/10009399163
This paper proposes a simple analytical model to examine conditions in which a government policy to improve imperfect credit markets is practiced through a democratic political process, and analyzes interactions between the politically implemented policy and economic development. Individuals who...
Persistent link: https://www.econbiz.de/10011107764
Several scholars have argued that abundant natural resources can be harmful to economic performance under bad institutions and helpful when institutions are good. These arguments have either been theoretical or based on naturally-occurring variation in natural resource wealth. We test this...
Persistent link: https://www.econbiz.de/10011108283