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The quest for status is a powerful motivator, but does it affect inequality? This paper presents a novel lab experiment … that was designed and conducted to identify the relationship between inequality, status signaling, debt, and conspicuous … finance exacerbates inequality. The results point to a vicious cycle of inequality and costly borrowing …
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With about five children born per woman and a population growth rate of 2.5 per cent per year, sub-Saharan Africa has been the world's fastest growing region over the last decade. Economists have often argued that high fertility rates are mainly driven by women's demand for children (and not by...
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Financial development plays an important role in the structure of the trade balance and promoting economic development. Trade literature suggests that differences in economies’ endowments of labour, land, physical capital and technology explain the dynamics and patterns of international trade...
Persistent link: https://www.econbiz.de/10011521652
This survey reviews the literature on the political economy of financial structure, broadly defined to include the size of capital markets and banking systems as well as the distribution of access to external finance across firms.The theoretical literature on the institutional basis for...
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