Showing 1 - 10 of 292
This paper discusses the two leading views of history and political institutions. For some scholars, institutions are … that while there is clear evidence that history matters and has long-term effects, there is not enough data to help us …
Persistent link: https://www.econbiz.de/10013060255
were no pre-WWII differences in education, Poles with a family history of forced migration are significantly more educated …
Persistent link: https://www.econbiz.de/10012916623
We use a population resettlement program in Indonesia to identify long-run effects of intergroup contact on national …
Persistent link: https://www.econbiz.de/10012889698
In this paper we revisit the relationship between institutions, human capital and development. We argue that empirical models that treat institutions and human capital as exogenous are misspecified both because of the usual omitted variable bias problems and because of differential measurement...
Persistent link: https://www.econbiz.de/10013006662
In settings with poor formal contract enforcement, profitable investments are likely unrealized. While social closeness can mitigate contractual incompleteness, we examine how to improve the preponderance of cases where contracting parties cannot rely upon social ties. We ask if a community can...
Persistent link: https://www.econbiz.de/10013033108
As Africa's role on the global stage is rising, so does the need to understand the shadow of history on the continent …
Persistent link: https://www.econbiz.de/10012907743
Academics, the media, and policymakers have all raised concerns about the implications of human workers being replaced by machines or software. Few have discussed the implications of the reverse: firms' ability to replace capital with workers. We show that this flexibility can help new firms...
Persistent link: https://www.econbiz.de/10012890476
The empirical relationship between capital controls and the financial development of credit and equity markets is examined. We extend the literature on this subject along a number of dimensions. Specifically, we (1) investigate a substantially broader set of proxy measures of financial...
Persistent link: https://www.econbiz.de/10013220920
Are market and voting institutions capable of producing optimal intergenerational risk-sharing? To study this question, we consider a simple endowment economy with uncertainty and overlapping generations. Endowments are stochastic; thus it is possible to increase the welfare of every generation...
Persistent link: https://www.econbiz.de/10013221836
Do political institutions shape economic policy? I argue that this question should naturally appeal to economists. Moreover, the answer is in the affirmative, both in theory and in practice. In particular, recent theoretical work predicts systematic eects of electoral rules and political regimes...
Persistent link: https://www.econbiz.de/10013223867