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The Political Economy of Financial Systems : Evidence from Suffrage Reforms in the Last Two Centuries
Degryse, Hans; Lambert, T.; Schwienbacher, A. - Tilburg University, Center for Economic Research - 2013
Abstract: Initially, voting rights were limited to wealthy elites providing political support for stock markets. The franchise expansion induces the median voter to provide political support for banking development as this new electorate has lower financial holdings and benefits less from the...
Persistent link: https://www.econbiz.de/10011091017
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The Confederate Diaspora
Bazzi, Samuel; Ferrara, Andreas; Fiszbein, Martín; … - National Bureau of Economic Research - 2023
This paper shows how white migration out of the postbellum South diffused and entrenched Confederate culture across the United States at a critical juncture of westward expansion and postwar reconciliation. These migrants laid the groundwork for Confederate symbols and racial norms to become...
Persistent link: https://www.econbiz.de/10014322719
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The Impact of Money in Politics on Labor and Capital : Evidence from Citizens United v. FEC
Akey, Pat; Babina, Tania; Buchak, Greg; Tenekedjieva, … - National Bureau of Economic Research - 2023
We examine whether corporate money in politics benefits or hurts labor using the 2010 Supreme Court ruling Citizens United, which rendered bans on political election spending unconstitutional. In difference-in-difference analyses, affected states experience increases in both capital and labor...
Persistent link: https://www.econbiz.de/10014322868
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Why Did Putin Invade Ukraine? A Theory of Degenerate Autocracy
Egorov, Georgij V.; Sonin, Konstantin - National Bureau of Economic Research - 2023
Many, if not most, personalistic dictatorships end up with a disastrous decision such as Hitler's attack on the Soviet Union, Hirohito's government launching a war against the United States, or Putin's invasion of Ukraine in February 2022. Even if the decision is not ultimately fatal for the...
Persistent link: https://www.econbiz.de/10014250204
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Human Capital and Climate Change
Angrist, Noam; Winseck, Kevin; Patrinos, Harry Anthony; … - National Bureau of Economic Research - 2023
Addressing climate change requires individual behavior change and voter support for pro-climate policies, yet surprisingly little is known about how to achieve these outcomes. In this paper, we estimate causal effects of additional education on pro-climate outcomes using new compulsory schooling...
Persistent link: https://www.econbiz.de/10014247920
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Small Campaign Donors
Bouton, Laurent; Cagé, Julia; Dewitte, Edgard; Pons, … - National Bureau of Economic Research - 2022
We study the characteristics and behavior of small campaign donors and compare them to large donors by building a dataset including all the 340 million individual contributions reported to the U.S. Federal Election Commission between 2005 and 2020. Thanks to the reporting requirements of online...
Persistent link: https://www.econbiz.de/10013210078
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Separations at the Firm Level
van Ours, Jan; Gautier, P.A.; van den Berg, G.; Ridder, G. - Tilburg University, Center for Economic Research - 1999
-off policy of firms can explain the relatively high level of unemployment amongst lower educated workers and the relatively … strong sensitivity of their unemployment rate to the business cycle. We find that lay-off rates decrease with education but … with a higher level of education can not explain the stronger cyclicality of the unemployment rate for lower educated …
Persistent link: https://www.econbiz.de/10011090392
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When Institutions Interact : How the Effects of Unemployment Insurance are Shaped by Retirement Policies
Gudgeon, Matthew; Guzman, Pablo; Schmieder, Johannes; … - National Bureau of Economic Research - 2023
This paper shows empirically that the non-employment effects of unemployment insurance (UI) for older workers depend in … difficult-to-explain trends in the unemployment rate of older German workers …
Persistent link: https://www.econbiz.de/10014421233
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Skill Depreciation during Unemployment : Evidence from Panel Data
Cohen, Jonathan P.; Johnston, Andrew; Lindner, Attila - National Bureau of Economic Research - 2023
workers are unemployed. Both the reemployment hazard rate and reemployment earnings steadily fall with unemployment duration …
Persistent link: https://www.econbiz.de/10014250138
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The Contribution of High-Skilled Immigrants to Innovation in the United States
Bernstein, Shai; Diamond, Rebecca; Jiranaphawiboon, Abhisit - National Bureau of Economic Research - 2022
We characterize the contribution of immigrants to US innovation, both through their direct productivity as well as through their indirect spillover effects on their native collaborators. To do so, we link patent records to a database containing the first five digits of more than 230 million of...
Persistent link: https://www.econbiz.de/10013477290