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This chapter reviews the recent debate about the role of social capital in economics. We argue that all the difficulties this concept has encountered in economics are due to a vague and excessively broad definition. For this reason, we restrict social capital to the set of values and beliefs...
Persistent link: https://www.econbiz.de/10012462807
Persistent link: https://www.econbiz.de/10012467169
In this essay I review Sylvia Nasar's long awaited new history of economics, Grand Pursuit. I describe how the book is really an economic history of the period from 1850-1950, with distinguished economists' stories inserted in appropriate places. Nasar's goal is to show how economists work, but...
Persistent link: https://www.econbiz.de/10012461050
This chapter presents an economic approach to character and personality traits with an application to the study of virtue. Economists interpret psychological traits, including character traits and virtue, as strategies that shape responses to situations (actions) determined by underlying...
Persistent link: https://www.econbiz.de/10014287358
We examine the effect of language acquisition on the growth of immigrants' earnings. We gathered data on recent Soviet … immigrants to Israel that include retrospective questions on earnings and language ability on entry into their current job …. Language acquisition is found to interact positively with occupation level. Immigrant programmers and computer technicians have …
Persistent link: https://www.econbiz.de/10012471013
This research establishes the influence of linguistic traits on human behavior. Exploiting variations in the languages spoken by children of migrants with identical ancestral countries of origin, the analysis indicates that the presence of periphrastic future tense, and its association with...
Persistent link: https://www.econbiz.de/10012479223
Text data is ultra-high dimensional, which makes machine learning techniques indispensable for textual analysis. Text is often selected--journalists, speechwriters, and others craft messages to target their audiences' limited attention. We develop an economically motivated high dimensional...
Persistent link: https://www.econbiz.de/10012480461
translation-related search costs. Our results provide causal evidence that language barriers significantly hinder trade and that …
Persistent link: https://www.econbiz.de/10012480572
any, differentiate teachers with high impact on student achievement in middle school English Language Arts from those with …
Persistent link: https://www.econbiz.de/10012462638
This paper proposes a new method to measure ethnolinguistic diversity and offers new results linking such diversity with a range of political economy outcomes -- civil conflict, redistribution, economic growth and the provision of public goods. We use linguistic trees, describing the...
Persistent link: https://www.econbiz.de/10012463290