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If economic growth relies upon the extent-of-the-market, then openness will decrease the connection between initial income and later growth. Alternatively, learning-by-doing models suggest that wealth will be more positively correlated with growth in open economies, because trade causes advanced...
Persistent link: https://www.econbiz.de/10005737542
This paper presents a model of prosecutors' decision-making processes in which prosecutors (both federal and state) internalize some of the benefits of reducing crime, but also carte about developing their own human capital. Since U.S. attorneys make their decisions first, they have the...
Persistent link: https://www.econbiz.de/10005742432
In the United States, religious attendance rises sharply with education across individuals, but religious attendance declines sharply with education across denominations. This puzzle is explained if education both increases the returns to social connection and reduces the extent of religious...
Persistent link: https://www.econbiz.de/10005601629
Persistent link: https://www.econbiz.de/10005608510
Why are some places more entrepreneurial than others? We use Census Bureau data to study local determinants of manufacturing startups across cities and industries. Demographics have limited explanatory power. Overall levels of local customers and suppliers are only modestly important, but new...
Persistent link: https://www.econbiz.de/10005754933
The division of America into red states and blue states misleadingly suggests that states are split into two camps, but along most dimensions, like political orientation, states are on a continuum. By historical standards, the number of swing states is not particularly low, and America's...
Persistent link: https://www.econbiz.de/10005756929
Persistent link: https://www.econbiz.de/10005759108
In the last 50 years, population and incomes have increased steadily throughout much of the Sunbelt. This paper assesses the relative contributions of rising productivity, rising demand for Southern amenities, and increases in housing supply to the growth of warm areas, using data on income,...
Persistent link: https://www.econbiz.de/10005548514
Aggregate data is often used to make inferences about individual level behavior. If there are social interactions in which one person's actions influence his neighbor's incentives or information, then these inferences are inappropriate. The presence of positive social interactions, or strategic...
Persistent link: https://www.econbiz.de/10005549651
Party platforms differ sharply from one another, especially on issues with religious content, such as abortion or gay marriage. Given the high return to attracting the median voter, why do vote-maximizing politicians take extreme positions? In this paper we find that strategic extremism depends...
Persistent link: https://www.econbiz.de/10005549957