The New Comparative Economics 1 (2008)
Simeon Djankov, Edward Glaeser, Rafael La Porta, Florencio Lopez-de-silanes
In recent years, the field of comparative economics refocused on the comparison of capitalist economies. The theme of the new research is that institutions exert a profound influence on economic...
Rafael La Porta, Florencio Lopez-de-silanes, Andrei Shleifer, To Constanza Blanco, Luis Leyva, ...
We examine the effect of securities laws on market development in 49 countries. We find that public enforcement of laws benefits securities markets, especially in countries with efficient government...
The New Comparative Economics 1 (2007)
Simeon Djankov, Edward Glaeser, Rafael La Porta, Florencio Lopez-de-silanes, Andrei Shleifer, Olivier Blanchard, ...
In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The theme of the new research is that institutions exert a profound influence on...
The New Comparative Economics ii The New Comparative Economics TABLE OF CONTENTS (2007)
World Bank, Edward Glaeser, Rafael La Porta, I. Introduction
ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and...
WHY HAVE WOMEN BECOME LEFT-WING? THE POLITICAL GENDER GAP AND THE DECLINE IN MARRIAGE ∗ (2007)
Lena Edlund, Rohini P, Timothy Besley, Francine Blau, Don Davis, ...
1 The last three decades have witnessed the rise of a political gender gap in the United States wherein more women than men favor the Democratic party. We trace this development to the decline in...
A Theoryof theReformofBureaucratic Institutions 1 (2007)
Robert Barsky, John Fernald, Edward Glaeser
California for their comments.
Investor protection and corporate valuation 1 (2007)
Rafael La Porta, Florencio Lopez-de-silanes, Andrei Shleifer, Robert Vishny, Research Assistance, Malcolm Baker, ...
We present a model of the effects of legal protection of minority shareholders and of cash flow ownership by a controlling shareholder on the valuation of firms. We then test this model using a...
Sendhil Mullainathan MIT and NBER The Market for News (2007)
Andrei Shleifer, Edward Glaeser, Matthew Gentzkow, Simon Johnson, Emir Kamenica, Lawrence Katz, ...
We investigate the market for news under two assumptions: that readers hold beliefs that they like to see confirmed, and that newspapers can slant stories toward these beliefs. We show that, on the...
Ruggedness: The blessing of bad geography in Africa (2007)
Nathan Nunn, Diego Puga, Edward Glaeser, Larry Katz, Jim Robinson
Abstract: There is controversy about whether geography matters mainly because of its contemporaneous impact on economic outcomes or because of its interaction with historical events. Looking at...
Leah Platt Boustan, Caroline Hoxby, Lawrence Katz, William Collins, Dora Costa, ...
Thomas generously assisted with aspects of the data collection. I gratefully acknowledge the financial
The New Comparative Economics (2005)
Djankov, Simeon, Glaeser, Edward, La Porta, Rafael, Shleifer, Andrei
In recent years, the field of comparative economics refocused on the comparison of capitalist economies. The theme of the new research is that institutions exert a profound influence on economic...
Neighbors as negatives: relative earnings and well-being (2005)
Joseph Doyle, Susan Dynarski, David Ellwood, Amy Finkelstein, Edward Glaeser, ...
This paper investigates whether individuals feel worse off when others around them earn more. In other words, do people care about relative position and does “lagging behind the Joneses ”...
The New Comparative Economics (2004)
Simeon Djankov Edward, Edward Glaeser, Rafael La Porta, Florencio Lopez-de-silanes
In recent years, the field of comparative economics refocused on the comparison of capitalist economies. The theme of the new research is that institutions exert a profound influence on economic...
Contract Design And Self-Control: Theory And Evidence (2004)
Stefano Dellavigna, Ulrike Malmendier, Luis Garicano, Jerry Green, Oliver Hart, Caroline Hoxby, ...
this paper we analyze the profit-maximizing contract design of firms if consumers have time-inconsistent preferences and are partially naive about it. We consider markets for two types of goods:...
The injustice of inequality (2003)
Edward Glaeser, Jose Scheinkman, Edward L. Glaeser, Andrei Shleifer, Andrei Shleifer
In many countries, the operation of legal, political and regulatory institutions is subverted by the wealthy and the politically powerful for their own benefit. This subversion takes the form of...
Sendhil Mullainathan MIT and NBER The Market for News (2003)
Andrei Shleifer, Edward Glaeser, Matthew Gentzkow, Simon Johnson, Emir Kamenica, Lawrence Katz, ...
We investigate the market for news under two assumptions: that readers hold beliefs that they like to see confirmed, and that newspapers can slant stories toward these beliefs. We show that, on the...
Coase versus the coasians (2001)
Edward Glaeser, Simon Johnson, Andrei Shleifer, Simeon Djankov, Oliver Hart, ...
Who should enforce laws or contracts: judges or regulators? Many Coasians, though not Coase himself, advocate judicial enforcement. We show that the incentives facing judges and regulators crucially...
What Explains Differences in Smoking, Drinking and Other Health-Related Behaviors
We explore economic model of health behaviors. While the standard economic model of health as an investment is generally supported empirically, the ability of this model to explain heterogeneity...
Djankov, Simeon, Glaeser, Edward, La Porta, Rafael, Lopez De Silanes, Florencio, Shleifer, Andrei
In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The theme of the new research is that institutions exert a profound influence on...
In “Reconciling voters' behavior with legislative term limits,” Dick and Lott argue that since more senior representatives are better at rent-seeking, there is an inefficient tendency to re-elect...
Why Doesn't The US Have a European-Style Welfare State?
Alberto Alesina, Edward Glaeser, Bruce Sacerdote
European countries are much more generous to the poor relative to the US level of generosity. Economic models suggest that redistribution is a function of the variance and skewness of the pre-tax...
What Explains Differences in Smoking, Drinking and Other Health-Related Behaviors?
We explore economic model of health behaviors. While the standard economic model of health as an investment is generally supported empirically, the ability of this model to explain heterogeneity...
Work and Leisure in the U. S. and Europe: Why so Different?
Alberto Alesina, Edward Glaeser, Bruce Sacerdote
Americans average 25. 1 working hours per person in working age per week, but the Germans average 18. 6 hours. The average American works 46. 2 weeks per year, while the French average 40 weeks per...
What Causes Industry Agglomeration? Evidence from Coagglomeration Patterns
William Kerr, Edward Glaeser, Glenn Ellison
Many industries are geographically concentrated. Many mechanisms that could account for such agglomeration have been proposed. We note that these theories make different predictions about which pairs...
Why does democracy need education?
Edward Glaeser, Giacomo Ponzetto, Andrei Shleifer
Across countries, education and democracy are highly correlated. We motivate empirically and then model a causal mechanism explaining this correlation. In our model, schooling teaches people to...
Cities, regions and the decline of transport costs
Edward Glaeser, Janet Kohlhase
The theoretical framework of urban and regional economics is built on transportation costs for manufactured goods. But over the twentieth century, the costs of moving these goods have declined by...
Why Doesn't the United States Have a European-Style Welfare State?
Alberto Alesina, Edward Glaeser, Bruce Sacerdote
macroeconomics, United States, European-Style Welfare State
Why Doesn't the United States Have a European-Style Welfare State?
Alberto Alesina, Edward Glaeser, Bruce Sacerdote
macroeconomics, United States, European-Style Welfare State
Why Doesn't the United States Have a European-Style Welfare State?
Alberto Alesina, Edward Glaeser, Bruce Sacerdote
macroeconomics, United States, European-Style Welfare State
Is the Melting Pot Still Hot? Explaining the Resurgence of Immigrant Segregation
David Cutler, Edward Glaeser, Jacob Vigdor
This paper uses decennial Census data to examine trends in immigrant segregation in the United States between 1910 and 2000. Immigrant segregation declined in the first half of the century, but has...
Edward Glaeser, Simon Johnson, Andrei Shleifer
Who should enforce laws or contracts: judges or regulators? Many Coasians, though not Coase himself, advocate judicial enforcement. We show that the incentives facing judges and regulators crucially...
Cities, regions and the decline of transport costs
Edward Glaeser, Janet Kohlhase
The theoretical framework of urban and regional economics is built on transportation costs for manufactured goods. But over the twentieth century, the costs of moving these goods have declined by...
What To Do about Fannie and Freddie?
Edward Glaeser and Dwight Jaffee argue that Freddie Mac and Fannie Mae are actively pursuing great risk at taxpayer expense and private profit: the cure is a tax on their $1.5 trillion in borrowing...
Should the Government Rebuild New Orleans, Or Just Give Residents Checks?
Should government rebuild New Orleans? Edward Glaeser asks whether the residents would be better off with $200,000 in their pockets than to have $200 billion spent on infrastructure: shouldn't we be...
Cities, regions and the decline of transport costs
Edward Glaeser, Janet Kohlhase
The theoretical framework of urban and regional economics is built on transportation costs for manufactured goods. But over the twentieth century, the costs of moving these goods have declined by...
Information Technology and the Future of Cities
Will improvements in information technology eliminate face-to- face interactions and make cities obsolete? In this paper, we present a model where individuals make contacts and choose whether to use...
Geographic Concentration as a Dynamic Process
Guy Dumais, Glenn Ellison, Edward Glaeser
The degree of geographic concentration of individual manufacturing industries in the U.S. has declined only slightly in the last twenty years. At the same time, new plant births, plant expansions,...
Alfred Marshall argues that industrial agglomerations exist in part because individuals can" learn skills from each other when they live and work in close proximity to one another. An" increasing...
Explaining the Rise in Youth Suicide
David M. Cutler, Edward Glaeser, Karen Norberg
Suicide rates among youths aged 15-24 have tripled in the past half-century, even as rates for adults and the elderly have declined. And for every youth suicide completion, there are nearly 400...
Why Doesn't the US Have a European-Style Welfare System?
Alberto Alesina, Edward Glaeser, Bruce Sacerdote
European countries are much more generous to the poor relative to the US level of generosity. Economic models suggest that redistribution is a function of the variance and skewness of the pre-tax...
Why Have Americans Become More Obese?
David Cutler, Edward Glaeser, Jesse Shapiro
Americans have become considerably more obese over the past 25 years. This increase is primarily the result of consuming more calories. The increase in food consumption is itself the result of...
Why Does Democracy Need Education?
Edward Glaeser, Giacomo Ponzetto, Andrei Shleifer
Across countries, education and democracy are highly correlated. We motivate empirically and then model a causal mechanism explaining this correlation. In our model, schooling teaches people to...
Why are some places more entrepreneurial than others? We use Census Bureau data to study local determinants of manufacturing startups across cities and industries. Demo- graphics have limited...
Cities, regions and the decline of transport costs
Edward Glaeser, Janet Kohlhase
The theoretical framework of urban and regional economics is built on transportation costs for manufactured goods. But over the twentieth century, the costs of moving these goods have declined by...
Cities, regions and the decline of transport costs
Edward Glaeser, Janet Kohlhase
The theoretical framework of urban and regional economics is built on transportation costs for manufactured goods. But over the twentieth century, the costs of moving these goods have declined by...
What To Do about Fannie and Freddie?
Edward Glaeser and Dwight Jaffee argue that Freddie Mac and Fannie Mae are actively pursuing great risk at taxpayer expense and private profit: the cure is a tax on their $1.5 trillion in borrowing...
The Case against Housing Price Supports
Edward Glaeser, Joseph Gyourko
Economists and politicians have eagerly proposed policies aimed at stopping the decline in housing prices. The government can't and shouldn't be trying to stop price declines, according to Edward...
Should the Government Rebuild New Orleans, Or Just Give Residents Checks?
Should government rebuild New Orleans? Edward Glaeser asks whether the residents would be better off with $200,000 in their pockets than to have $200 billion spent on infrastructure: shouldn't we be...
Edward Glaeser, William Kerr, Giacomo Ponzetto
Employment growth is strongly predicted by smaller average establishment size, both across cities and across industries within cities, but there is little consensus on why this relationship exists....