What are the long-term economic effects of a more equal distribution of wealth? We exploit variation in historical inheritance rules for land in Germany. In some German areas, inherited land was to be shared or divided equally among children, while in others land was ruled to be indivisible....

In this paper we show that inconclusive results in previous empirical studies on human capital and growth might be due to omitted variable bias. Using data for about 130 countries, we show that after inclusion of variables related to the social capabilities concept of Abramovitz (1986) i.e....

Theoretically, human capital is conclusively believed to be positively related with economic growth. While empirically, the said relationship does not always hold for several reasons. Thus, the current paper presents new results on a set of conditions under which human capital is robustly and...

Purpose - The article aims at discovering classes and clusters of EU member-states considering their levels of economic development and gender equality to foster the enhancement of EU cohesion policy. Research methodology - The methodology includes the grouping by two parameters, economic...

Process of economic growth and development has been shifted towards new strategies of entrepreneurship, institutional developments and market development. The shifting of development process towards new strategies needs human capital, developed infrastructure and effective policy reforms. This...

Why are we rich and others poor? What is preventing the less-developed countries from catching up with the more developed? How did we become rich? Underlying these questions are more fundamental ones: What is the nature of economic progress? What are its causes? I seek the answers to these...

Economists increasingly accept that social norms have powerful effects on human behavior and outcomes. In recent history, one norm widely adhered to in most developed nations has been for men to be the primary breadwinner within mixed-gender households. As women have entered the labor market in...

Purpose – The article aims at discovering classes and clusters of EU member-statesconsidering their levels of economic development and gender equality to foster the enhance-ment of EU cohesion policy.Research methodology – The methodology includes the grouping by two parameters,...

We develop an economic perspective on algorithmic fairness and the surrounding empirical, theoretical and policy issues. Our perspective draws from clear parallels between algorithms and issues in economics of discrimination, crime, personnel and technological innovation; as well as more subtle...

Experiments can be used not only to test theory but also to measure preferences and assess heterogeneity of behavior. I discuss the design of experimental measures of ahruism and trust, as well as their uses in assessing how behavior varies across individuals, and across partners that a given...