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Remittances from migrants in the United States play a major role in the Mexican economy. This paper analyzes the role … that different types of social capital play in the remittances decisions of Mexican migrants. Both the decision to remit …
Persistent link: https://www.econbiz.de/10010397630
institutionalist approach to understand how banks construct and manage risk, relating to SME business. The empirical analysis is based …
Persistent link: https://www.econbiz.de/10013102832
We present new evidence on the influence of income inequality on generalized trust. Using individual panel data from Swedish counties together with an instrumental variable strategy we find that differences in disposable income, and especially differences among people in the bottom half of the...
Persistent link: https://www.econbiz.de/10010321606
We conduct an extensive robustness analysis of the relationship between trust and growth for a later time period (the 1990s) and with a bigger sample (63 countries) than previous studies. In addition to robustness tests that focus on model uncertainty, we use Least Trimmed Squares, a robust...
Persistent link: https://www.econbiz.de/10010321616
We present new evidence on how generalized trust is formed. Unlike previous studies, we look at the explanatory power of economic institutions, we use newer data, we incorporate more countries, and we use instrumental variables to handle the causality problem. A central result is that legal...
Persistent link: https://www.econbiz.de/10010321621
We explore the evolution of the structure and performance of a social network in a population of individuals who search for local optima in diverse and dynamic task environments. Individuals choose whether to innovate or imitate and, in the latter case, from whom to learn. The probabilities of...
Persistent link: https://www.econbiz.de/10010293468
Capitalism is congruent with the rise of the Protestant Ethic, he said; but he claimed no causal relationship. …
Persistent link: https://www.econbiz.de/10010297179
We explore the links between trust and a broad range of financial structure and development measures. Our base sample is a cross section of 48 countries and the analysis covers the period 1980-1994. We use a new World Bank data set that provides the most comprehensive coverage of financial...
Persistent link: https://www.econbiz.de/10010327144
This paper determines how individual, relative to community, social capital affects individual migration decisions. We make use of nonpublic data from the Social Capital Community Benchmark Survey to predict multidimensional social capital for observations in the Current Population Survey. We...
Persistent link: https://www.econbiz.de/10012030269
Consistent with predictions from the literature, we find that higher levels of in-migration dilute multiple dimensions of a community's level of social capital. The analysis employs a 2SLS methodology to account for potential endogeneity of migration.
Persistent link: https://www.econbiz.de/10012030271