Intro -- Preface -- Introduction -- 1 Europe and the United States: Two Different Social Models -- 2 Handling a Multiethnic Society -- 3 Americans at Work, Europeans on Holiday -- 4 Job Security, Job Regulations, and 14 Million Unemployed -- 5 Technology, Research, and Universities -- 6...

A growing body of empirical work measuring different types of cultural traits has shown that culture matters for a variety of economic outcomes. This paper focuses on one specific aspect of the relevance of culture: its relationship to institutions. We review work with a theoretical, empirical,...