We construct an overlapping generations model in which parents vote on the tax rate that determines publicly provided education and offspring choose their effort in learning activities. The technology governing the accumulation of human capital allows these decisions to be strategic complements....

Exploiting a unique empirical setting, 1,000 vendors in 90 traditional food markets in Lima, we document that historic social ties among market founders are associated, decades later, with stricter formal (third party) enforcement of market rules, more collective action, and the greater...

Die Arbeit beschäftigt sich theoretisch und empirisch anhand der Fallstudien zu Schweden und Israel mit dem Paradigma der Institutionellen Sklerose, wonach Wohlfahrstaaten zu Stagnation, Inflation und zuletzt zu ökonomischem Verfall neigen, denen sie nicht entkommen können. Dieses Paradigma...