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The “Deep Roots” literature investigates the effects of deep cultural variables on outcomes. We attempt to identify how these deep cultural variables actually affect per capita output by expanding Putterman and Weil’s (2010) inquiry on the effects of State History and Agricultural History...
Persistent link: https://www.econbiz.de/10014034835
Using data from US states, we find a positive relationship between trust and growth. According to our results, a 10 … percentage point increase in trust increases the growth rate of per capita income by 0.5 percentage point, growth rate of housing …
Persistent link: https://www.econbiz.de/10010312581
Unskilled labor is the abundant resource in many developing countries, especially at an early stage of their development. Yet, even as at given technologies labor markets have not cleared, neo-classical economists have rejected the notion of an institutional or bargaining wage not based on...
Persistent link: https://www.econbiz.de/10009615061
Persistent link: https://www.econbiz.de/10014560338
Why are certain movies more successful in some markets than others? Are the entertainment products we consume reflective of our core values and beliefs? These questions drive our investigation into the relationship between a society's oral tradition and the financial success of films. We combine...
Persistent link: https://www.econbiz.de/10014512074
This paper analyzes the effectiveness of social capital in reducing the negative externalities associated with stress, as well as the physical and psychological strain indicators among police officers. Despite the fact that there is a large multidisciplinary literature on stress or on social...
Persistent link: https://www.econbiz.de/10010294804
We document that trust in public institutions - and particularly trust in banks, business and government - has declined … over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in … the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …
Persistent link: https://www.econbiz.de/10010274853
We document that trust in public institutions and particularly trust in banks, business and government has declined … over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in … the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …
Persistent link: https://www.econbiz.de/10010278438
This paper examines the effect of exposure to a culture of easier divorce as a minor on generalized trust using the … unilateral divorce reforms across the US. According to the results, the divorce revolution seems to have had some effect on trust … effects for women with an additional year of exposure being associated with a 4 percentage point lower generalized trust in …
Persistent link: https://www.econbiz.de/10010247345
This paper provides a long-term view by studying the effect of the underground or shadow economy on economic growth in the Unites States over the period 1870 to 2014. Shadow activities might spur or retard economic growth depending on their interactions with the formal sector and impacts on the...
Persistent link: https://www.econbiz.de/10011641560