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This paper employs a novel dataset on government wages to investigate the relationship between government remuneration … government wages as used in previous research. When the relationship between government wages and corruption is modeled to vary … with the level of income, we find that the impact of government wages on corruption is strong at relatively low …
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Since the first edition of this book, the world's financial system went through its greatest crisis for a century. What made this crisis unique is that severe financial problems emerged simultaneously in many different countries and that its economic impact was felt throughout the world as a...
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To investigate the relation between trust and formal institutions, we analyze bilateral trade patterns in a sample of 16 European countries between 1996-2009. Trust in trading partners has a significant positive effect on bilateral trade. However, our results suggest that trust and formal...
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