Showing 1 - 10 of 81
The main gateway for the Philippines to develop and become an upper-middle-income economy - and eventually, a high-income economy - is to expedite the shift of workers out of agriculture and to produce and export more complex products with a higher income elasticity of demand. The actual growth...
Persistent link: https://www.econbiz.de/10014474492
We present new evidence on the influence of income inequality on generalized trust. Using individual panel data from Swedish counties together with an instrumental variable strategy we find that differences in disposable income, and especially differences among people in the bottom half of the...
Persistent link: https://www.econbiz.de/10010321606
We conduct an extensive robustness analysis of the relationship between trust and growth for a later time period (the 1990s) and with a bigger sample (63 countries) than previous studies. In addition to robustness tests that focus on model uncertainty, we use Least Trimmed Squares, a robust...
Persistent link: https://www.econbiz.de/10010321616
We present new evidence on how generalized trust is formed. Unlike previous studies, we look at the explanatory power of economic institutions, we use newer data, we incorporate more countries, and we use instrumental variables to handle the causality problem. A central result is that legal...
Persistent link: https://www.econbiz.de/10010321621
We analyzed the impact of social networks on general practitioners' (GPs) referral behavior based on administrative panel data from 2,684,273 referrals to resident specialists made between 1998 and 2007. To construct estimated social networks, we used information on the doctors' place and time...
Persistent link: https://www.econbiz.de/10010368274
Gordon Tullock has been one of the most important founders and contributors to Public Choice. Two innovations are typical Tullock Challenges. The first relates to method: the measurement of subjective well-being, or happiness. The second relates to digital social networks such as Facebook,...
Persistent link: https://www.econbiz.de/10010316889
The conditions under which young workers find their first real post-graduation jobs are both very important for the young's future careers and insufficiently known given their public policy implications. To study these conditions, and in particular the role played by networks, we use a Swedish...
Persistent link: https://www.econbiz.de/10010321108
Inaccurate beliefs about social norms can reduce useful social interactions and adversely affect an individual's ability to deal with negative shocks. We implement a randomized controlled trial with low-income workers in urban India who lack access to formal financial and healthcare support. We...
Persistent link: https://www.econbiz.de/10015113097
Through their writing, people often reflect their values. Since the 1970s, academic economists have gradually changed their third-person pronoun choices, from using the masculine form to incorporating feminine and plural forms. We document this transition empirically, and examine the role of...
Persistent link: https://www.econbiz.de/10015189289
We highlight that convergence in repeated averaging models commonly used to study cultural traits or opinion dynamics is not equivalent to convergence in Markov chain settings if transition matrices are time-varying. We then establish a new proof for the convergence of cultural traits in the...
Persistent link: https://www.econbiz.de/10011928007