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Inequality and Racial Backlash : Evidence from the Reconstruction Era and the Freedmen's Bureau
Chyn, Eric; Haggag, Kareem; Stuart, Bryan A. - National Bureau of Economic Research - 2024
How do majority groups respond to a narrowing of inequality in racially polarized environments? We study this question by examining the effects of the Freedmen's Bureau, an agency created after the U.S. Civil War to provide aid to former slaves and launch institutional reform in the South. We...
Persistent link: https://www.econbiz.de/10014528354
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The Voting Premium
Levit, Doron Y.; Malenko, Nadya; Maug, Ernst G. - National Bureau of Economic Research - 2023
This paper develops a unified theory of blockholder governance and the voting premium, in a setting without takeovers and controlling shareholders. A voting premium emerges when a minority blockholder tries to influence the composition of the shareholder base by accumulating votes and buying...
Persistent link: https://www.econbiz.de/10014437023
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Plata y Plomo : How Higher Wages Expose Politicians to Criminal Violence
Pulejo, Massimo; Querubín Borrero, Pablo - National Bureau of Economic Research - 2023
Adequate wages are an important tool to shield public officials from special interests and corruption. But what is the equilibrium effect of higher wages in the presence of criminal pressure groups, who use both bribes and violence? By means of a regression discontinuity design, we show that an...
Persistent link: https://www.econbiz.de/10014337819
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Logrolling in Congress
Battaglini, Marco; Sciabolazza, Valerio Leone; … - National Bureau of Economic Research - 2023
We study vote trading among U.S. Congress members. By tracking roll-call votes within bills across five legislatures and politicians' personal connections made during the school years, we document a propensity of connected legislators to vote together that depends on how salient the bill is to...
Persistent link: https://www.econbiz.de/10014250186
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Mispricing Narratives after Social Unrest
Ba, Bocar A.; Ndiaye, Abdoulaye; Rivera, Roman; … - National Bureau of Economic Research - 2024
We study how negative sentiment around an industry impacts beliefs and behaviors, focusing on demands for racial justice after the murder of George Floyd and the salience of the "defund the police" movement. We assess stakeholder beliefs on the impact of protests on the stock prices of...
Persistent link: https://www.econbiz.de/10014635693
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Central Bank Communication with the Polarized Public
Kuang, Pei; Weber, Michael; Xie, Shihan - National Bureau of Economic Research - 2025
This paper examines the impact of political polarization on public trust in the Fed and its influence on macroeconomic expectations. Using a large-scale survey experiment which we fielded on President Trump's 2025 inauguration day, we study how households form beliefs about the Fed regarding its...
Persistent link: https://www.econbiz.de/10015326517
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The Economics of Women's Rights
Tertilt, Michele; Doepke, Matthias; Montenbruck, Laura; … - National Bureau of Economic Research - 2022
Two centuries ago, in most countries around the world, women were unable to vote, had no say over their own children or property, and could not obtain a divorce. Women have gradually gained rights in many areas of life, and this legal expansion has been closely intertwined with economic...
Persistent link: https://www.econbiz.de/10013462666
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Ethnic Remoteness Reduces the Peace Dividend from Trade Access
Desmet, Klaus; Gomes, Joseph Flavian - National Bureau of Economic Research - 2023
and groups might be left behind by globalization …
Persistent link: https://www.econbiz.de/10013537756
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Globalization and Inequality in Latin America
Carneiro, Rafael Dix; Kovak, Brian K. - National Bureau of Economic Research - 2023
We survey the recent literature studying the effects of globalization on inequality in Latin America. Our focus is on … dimensions of inequality, and developing new methodologies to capture the many facets of globalization's relationship to … that focus on distinct aspects of globalization's relationship to inequality …
Persistent link: https://www.econbiz.de/10014322846
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Should History Change The Way We Think About Populism?
De Bromhead, Alan; O'Rourke, Kevin Hjortshøj - National Bureau of Economic Research - 2023
. We use Müller's definition, according to which populism is 'an exclusionary form of identity politics, which is why it …. Second, there is no necessary relationship between populism and anti-globalization sentiment. Third, economists have …
Persistent link: https://www.econbiz.de/10014250166