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Effect of Income on Trust: Evidence from the 2009 Crisis in Russia

Ananyev, Maxim; Guriev, Sergei - C.E.P.R. Discussion Papers - 2015

This paper draws on a natural experiment to identify the relationship between income and trust. We use a unique panel … instrumenting average regional income, we find that the effect of income on generalized social trust (the share of respondents … determinants of trust, we show that 10 percent decrease in income is associated with 5 percentage point decrease in trust. Given …

Persistent link: https://www.econbiz.de/10011145423

The Organization of Firms Across Countries

Bloom, Nicholas; Sadun, Raffaella; Van Reenen, John - C.E.P.R. Discussion Papers - 2009

We argue that social capital as proxied by regional trust and the Rule of Law can improve aggregate productivity …. Trust and the Rule of Law appear to facilitate delegation by improving co-operation, even when we examine "bilateral trust …" between the country of origin and location for affiliates of multinational firms. We show that areas with higher trust and …

Persistent link: https://www.econbiz.de/10005034760

Social Capital, Government Expenditures, and Growth

Ponzetto, Giacomo AM; Troiano, Ugo - C.E.P.R. Discussion Papers - 2014

We present a tractable stochastic endogenous growth model that explains how social capital influences economic development. In our model, social capital increases citizens' awareness of government activity. Hence, it alleviates the electoral incentives to under-invest in education, whose returns...

Persistent link: https://www.econbiz.de/10011084642

Why So Many Local Entrepreneurs?

Michelacci, Claudio; Silva, Olmo - C.E.P.R. Discussion Papers - 2006

We document that the fraction of entrepreneurs who work in the region where they were born is significantly higher than the corresponding fraction for dependent workers. This difference is more pronounced in more developed regions and positively related to the degree of local financial...

Persistent link: https://www.econbiz.de/10005656430

Social Connections and Group Banking

Karlan, Dean S. - C.E.P.R. Discussion Papers - 2007

Lending to the poor is expensive due to high screening, monitoring, and enforcement costs. Group lending advocates believe lenders overcome this by harnessing social connections. Using data from FINCA-Peru, I exploit a quasi random group formation process to find evidence of peers successfully...

Persistent link: https://www.econbiz.de/10005791873

Formation of Social Capital in Central and Eastern Europe: Understanding the Gap Vis-a-Vis Developed Countries

Fidrmuc, Jan; Gërxhani, Klarita - C.E.P.R. Discussion Papers - 2005

Recent Eurobarometer survey data are used to document and explain the stock of social capital in 27 European countries. Social capital in Central and Eastern Europe – measured by civic participation and access to social networks – lags behind that in Western European countries. Using...

Persistent link: https://www.econbiz.de/10005792441

Social Networks and Labour Market Transitions

Bramoullé, Yann; Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2004

We study the influence of social networks on labour market transitions. We develop the first model where social ties and job status co-evolve through time. Our key assumption is that the probability of formation of a new tie is greater between two employed individuals than between an employed...

Persistent link: https://www.econbiz.de/10005792539

Growth Effects of Education and Social Capital in the OECD Countries

Temple, Jonathan - C.E.P.R. Discussion Papers - 2001

This paper surveys the empirical literature on the growth effects of education and social capital. The main focus is on the cross-country evidence for the OECD countries, but the paper also briefly reviews evidence from labour economics, to clarify where empirical work on education using macro...

Persistent link: https://www.econbiz.de/10005136728

Key Players

Zenou, Yves - C.E.P.R. Discussion Papers - 2014

In this chapter, we provide an overview on the literature on key players in networks. We first introduce the theoretical concept of the key player, which is the agent that should be targeted by the planner so that, once removed, she will generate the highest level of reduction in total activity....

Persistent link: https://www.econbiz.de/10011096104

Neighborhood and Network Effects

Topa, Giorgio; Zenou, Yves - C.E.P.R. Discussion Papers - 2014

In this chapter, we provide an overview of research on neighborhoods and social networks and their role in shaping behavior and economic outcomes. We include discussion of empirical and theoretical analyses of the role of neighborhoods and social networks in crime, education and labor-market...

Persistent link: https://www.econbiz.de/10011083837