1,721,215 research outputs found
Can Endogenously Chosen Institutions Mitigate the Free-Rider Problem and Reduce Perverse Punishment?
Full text linkLavish Returns on Cheap Talk: Non-binding Communication in a Trust Experiment
Full text linkWe let subjects interact with anonymous partners in trust (investment) games with and without one of two kinds of pre-play communication: numerical (tabular) only, and verbal and numerical. We find that either kind of pre-play communication increases trusting, trustworthiness, or both, in inter-subject comparisons, but that the inclusions of verbal communication generates both a larger effect and one that is robust across both inter-subject and intra-subject comparisons. In all conditions, trustors earn more when they invest more of their endowment, trustors and trustees gravitate to "fair and efficient" interactions, and the majority of trustees adhere to their commitments, whether explicit or implicit. Finally, we study trusting and trustworthiness in the sense of adhering to agreements, and we find that both are enhanced when the parties can use words, and especially when an agreement is reached with words and not only with the exchange of numerical proposals.
Post-1500 Population Flows and the Long Run Determinants of Economic Growth and Inequity
Full text linkWe construct a matrix showing the share of the year 2000 population in every country that is descended from people in different source countries in the year 1500. Using this matrix, we analyze how post-1500 migration has influenced the level of GDP per capita and within-country income inequality in the world today. Indicators of early development such as early state history and the timing of transition to agriculture have much better predictive power for current GDP when one looks at the ancestors of the people who currently live in a country than when one considers the history on that country’s territory, without adjusting for migration. Measures of the ethnic or linguistic heterogeneity of a country’s current population do not predict income inequality as well as measures of the ethnic or linguistic heterogeneity of the current population’s ancestors. An even better predictor of current inequality in a country is the variance of early development history of the country’s inhabitants, with ethnic groups originating in regions having longer histories of agriculture and organized states tending to be at the upper end of a country’s income distribution. However, high within-country variance of early development also predicts higher income per capita, holding constant the average level of early development.Economic Growth; Migration; Income Inequality; State History; Linquistic Distance
Post-1500 Population Flows and the Long Run Determinants of Economic Growth and Inequality
Full text linkWe construct a matrix showing the share of the year 2000 population in every country that is descended from people in different source countries in the year 1500. Using this matrix, we analyze how post-1500 migration has influenced the level of GDP per capita and within-country income inequality in the world today. Indicators of early development such as early state history and the timing of transition to agriculture have much better predictive power for current GDP when one looks at the ancestors of the people who currently live in a country than when one considers the history on that country’s territory, without adjusting for migration. Measures of the ethnic or linguistic heterogeneity of a country’s current population do not predict income inequality as well as measures of the ethnic or linguistic heterogeneity of the current population’s ancestors. An even better predictor of current inequality in a country is the variance of early development history of the country’s inhabitants, with ethnic groups originating in regions having longer histories of agriculture and organized states tending to be at the upper end of a country’s income distribution. However, high within-country variance of early development also predicts higher income per capita, holding constant the average level of early development.
The Ecology of Collective Action: A Public Goods and Sanctions Experiment with Controlled Group Formation
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