In a cross-section of countries, government regulation is strongly negatively correlated with social capital. We … document this correlation, and present a model explaining it. In the model, distrust creates public demand for regulation …, while regulation in turn discourages social capital accumulation, leading to multiple equilibria. A key implication of the …

In a cross-section of countries, government regulation is strongly negatively correlated with social capital. We … document this correlation, and present a model explaining it. In the model, distrust creates public demand for regulation …, while regulation in turn discourages social capital accumulation, leading to multiple equilibria. A key implication of the …

Voters would be better off if they removed politicians offering low-quality government by pursuing populist policies … and re-elected those who improved government quality with sustainable policies. In many political contexts, including … against those governments, no voter has an incentive to select politicians who promise high-quality government. By the same …

Voters would be better off if they removed politicians offering low-quality government by pursuing populist policies … and re-elected those who improved government quality with sustainable policies. In many political contexts, including … against those governments, no voter has an incentive to select politicians who promise high-quality government. By the same …