Showing 1 - 10 of 137
A unified growth theory is developed that accounts for the roughly constant living standards displayed by world economies prior to 1800 as well as the growing living standards exhibited by modern industrial economies. Our theory also explains the industrial revolution, which is the transition...
Persistent link: https://www.econbiz.de/10012471954
This paper takes a step towards formalizing the theoretical interconnections among four post-Industrial Revolution phenomena - the industrialization and growth take-off of rich northern' nations, massive global income divergence, and rapid trade expansion. Specifically, we present a...
Persistent link: https://www.econbiz.de/10012472347
We study the distribution of economic activity, as proxied by lights at night, across 250,000 grid cells of average area 560 square kilometers. We first document that nearly half of the variation can be explained by a parsimonious set of physical geography attributes. A full set of country...
Persistent link: https://www.econbiz.de/10012456530
This study explores the consequences and origins of between-ethnicity economic inequality both across and within countries. First, combining satellite images of nighttime luminosity with the historical homelands of ethnolinguistic groups we construct measures of ethnic inequality for a large...
Persistent link: https://www.econbiz.de/10012460149
We estimate institutional investor preferences based on their proxy voting records in publicly listed Russell 3000 firms. We employ a spatial model of proxy voting, the W-NOMINATE method for scaling legislatures, and map institutional investors onto a left-right dimension based on their votes...
Persistent link: https://www.econbiz.de/10012479668
paper proposes that what partly explains the structure of ideology is moral universalism: the extent to which people …
Persistent link: https://www.econbiz.de/10012481366
We test the relationship between historical immigration to the United States and political ideology today. We …-lasting effect on the political ideology of US born individuals. Our analysis proceeds in three steps. First, we document that the … historical presence of European immigrants is associated with a more liberal political ideology and with stronger preferences for …
Persistent link: https://www.econbiz.de/10012481821
Ideas about what is "fair" above and beyond the individual's position in the income ladder influence preferences for redistribution. We study the dynamic evolution of different economies in which redistributive policies, perceptions of fairness, inequality and growth are jointly determined. We...
Persistent link: https://www.econbiz.de/10012463062
confirms an economically significant demand for news slanted toward one's own political ideology. Firms respond strongly to …
Persistent link: https://www.econbiz.de/10012465953
Preferences for redistribution, as well as the generosities of welfare states, differ significantly across countries. In this paper, we test whether there exists a feedback process of the economic regime on individual preferences. We exploit the "experiment" of German separation and...
Persistent link: https://www.econbiz.de/10012466972