The recent influx of migrants and refugees into Europe and elsewhere raises questions as to whether migrant behavior reflects cultural predispositions and whether assimilation through exposure to host institutions can be expected. The paper focuses on financial behavior and uses high-quality...

We forward the hypothesis and empirically establish that variations in the strength of family ties are rooted in culture. In particular, we show that individualism is associated with looser family ties. We exploit the associations between contemporary individualism and historical climatic and...

We use remarkable population-level administrative education and birth records from Florida to study the role of Long-Term Orientation on the educational attainment of immigrant students living in the US. Controlling for the quality of schools and individual characteristics, students from...

We investigate the impacts of cultural environment on mergers and acquisitions (M&A) in the U.S. To measure the cultural environment of a firm, we use several variables of cultural dimension widely adopted in the literature, such as the percentage of religious adherents and the percentage of...

Social distancing measures help contain the spread of COVID-19 but the actual compliance has varied substantially across space and time. We ask whether cultural differences underlie this heterogeneity using mobility data across Switzerland between February and December 2020. We find that...

We review the growing literature on the political effects of immigration. After a brief summary of the economics of immigration, we turn to the main focus of the paper: how immigrants influence electoral outcomes in receiving countries, and why. We start from the "standard" view that immigration...

The Eurozone fiscal crisis has created pressure for institutional harmonization, but skeptics argue that cultural predispositions can prevent convergence in behavior. Our paper derives a robust cultural classification of European countries and utilizes unique data on natives and immigrants....

We study international mergers and acquisitions from a cross-cultural perspective. We examine in particular (i) which types of cultures are more likely to carry out acquisitions in a different culture to their home society and (ii) which are more likely to complete deals. We use the culture...

The study of the determinants of entrepreneurship at the country levelhas been dominated by economic influences. The relative stability of differences in levels of entrepreneurship across coun-tries suggeststhat other forces such as certain institutional and/or cultural factors are at play. The...

We propose a new perspective based on the collectivism vs. individualism cultural difference to understand the diverging transmission outcomes of COVID-19 between countries. Since individualism values personal freedom thus would less likely to make the collective action of staying at home and...