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Integrating Personality Psychology into Economics

Heckman, James J. - 2011

Persistent link: https://www.econbiz.de/10013120982

Culture, Institutions and Democratization

Gorodnichenko, Yuriy - 2015

We construct a model of revolution and transition to democracy under individualistic and collectivist cultures. The main result is that, despite facing potentially larger collective action problems, countries with an individualistic culture are more likely to end up adopting democracy earlier...

Persistent link: https://www.econbiz.de/10013023685

The Macroeconomist as Scientist and Engineer

Mankiw, N. Gregory - 2006

This essay offers a brief history of macroeconomics, together with an evaluation of what has been learned over the past several decades. It is based on the premise that the field has evolved through the efforts of two types of macroeconomist%u2014 those who understand the field as a type of...

Persistent link: https://www.econbiz.de/10012779829

On the Dynamics of Community Development

Barseghyan, Levon - 2017

This paper presents a dynamic political economy model of community development. In each period, a community invests in … a local public good. The community can grow, with new housing supplied by competitive developers. To finance investment …, the community can tax residents and issue debt. In each period, fiscal decisions are made by current residents. The …

Persistent link: https://www.econbiz.de/10012949927

Historical Macroeconomics and American Macroeconomic History

Calomiris, Charles W.; Hanes, Christopher L. - 2021

What can macroeconomic history offer macroeconomic theorists and macroeconometricians? Macroeconomic history offers more than longer time series or special `controlled experiments.' It suggests an historical definition of the economy, which has implications for macroeconometric methods. The...

Persistent link: https://www.econbiz.de/10013310134

Cultural Diversity, Geographical Isolation, and the Origin of the Wealth of Nations

Ashraf, Quamrul H. - 2011

economic growth. The theory thus contributes to the understanding of the advent of divergence and overtaking in the process of … development. Consistently with the theory, the empirical analysis establishes that (i) geographical isolation prevalent in pre …

Persistent link: https://www.econbiz.de/10013117884

Sorting and Long-Run Inequality

Fernández, Raquel; Rogerson, Richard Donald - 2021

Many social commentators have raised concerns over the possibility that increased sorting in a society can lead to greater inequality. To investigate this we construct a dynamic model of intergenerational education acquisition, fertility, and marital sorting and parameterize the steady state to...

Persistent link: https://www.econbiz.de/10013220393

How Much Does Sorting Increase Inequality?

Kremer, Michael - 2021

Social commentators from William Julius Wilson to Charles Murray have argued that increased sorting of people into internally homogeneous" neighborhoods,schools, and marriages is spurring long-run inequality. Cali- bration of a formal model suggests that these fears are misplaced. In order to...

Persistent link: https://www.econbiz.de/10013239355

Education, Income Distribution and Growth : The Local Connection

Bénabou, Roland - 2021

This paper develops a simple model of human capital accumulation and community formation by heterogeneous families …

Persistent link: https://www.econbiz.de/10013247651

Heterogeneity, Stratification, and Growth

Bénabou, Roland - 2021

We examine how economic stratification affects inequality and growth over time. We study economies where heterogenous agents interact through local public goods or externalities (school funding, neighborhood effects) and economy-wide linkages (complementary skills. knowledge spillovers). We...

Persistent link: https://www.econbiz.de/10013233451