labor markets, even though regulation generates lower employment and income. Empirically, we do find that individuals who … century and family values prevailing before World War II, and between family structures in the Middle Ages and current desire … for labor market regulation. Both results suggest that labor market regulations have deep cultural roots …

Regulation of economic activity is ubiquitous around the world, yet standard theories predict it should be rather … uncommon. I argue that the ubiquity of regulation is explained not so much by the failure of markets, or by asymmetric … accounts for the ubiquity of regulation, for its growth over time, as well as for the fact that contracts themselves are …

the heterogeneity of the effect of entry, contract enforcement regulation, and financial development on both the decision … the level of regulation and financial development and some individual characteristics that are important determinants of … entrepreneurship, such as gender, business skills, and social networks. We find that entry regulation moderates the effect of business …

labor regulation of partners because intraindustry trade was important. The New World exported less differentiated products …The received view pins the adoption of labor regulation before 1914 on domestic forces. Using directed dyad-year event …

, there is significant variation in the cross-section of stock returns of large banks across the world during that period. We …-level governance, country-level governance, country-level regulation, and bank balance sheet and profitability characteristics before …

We propose a new, valuation-based measure of world equity market segmentation. While we observe decreased levels of … country's regulation with respect to foreign capital flows is important in determining its level of segmentation, we find that …

In a cross-section of countries, government regulation is strongly negatively correlated with social capital. We … document this correlation, and present a model explaining it. In the model, distrust creates public demand for regulation …, while regulation in turn discourages social capital accumulation, leading to multiple equilibria. A key implication of the …