The authors examine the effects of local inequality on property and violent crime in South Africa. Their findings are consistent with economic theories relating inequality to property crime, and also with sociological theories that imply that inequality leads to crime in general. Burglary rates...

With the collapse of communism in Eastern Europe and the Soviet Union in 1989-91, many economic reformers supported"Big Bang"privatization-the rapid transfer of state-owned enterprises to private individuals. It was hoped that Big Bang privatization would create the conditions for a demand-led...

A growing body of work suggests that cross-country differences in legal origin help explain differences in financial development. The authors assess two theories of why legal origin influences financial development. First, the"political"channel stresses that (1) legal traditions differ in the...