Do Politicians Serve the One Percent? Evidence from OECD Countries

Evidence from OECD Countries

In this paper we use a representative consumer model to analyse the equilibrium relation between the transitory deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for both stock returns and housing returns. The evidence based on data for 15 OECD countries shows that when agents expect future stock returns to be higher, the...

Trust and Fertility: Evidence from OECD countries

Using panel data for 24 (OECD) countries during the period 1980–2004 this study examines how social trust affects fertility. The major finding through the random effects approach is that the social trust increases the fertility rate. A 1% rise in the trust rate leads to an increase in fertility by 0.01 points. The results presented here suggest that in developed countries, trust underlies the d...

Broadband Uptake and Infrastructure Regulation: Evidence from the OECD Countries

When Do Voters Punish Corrupt Politicians? Experimental Evidence from Brazil

While there is a vast literature about the consequences of corruption, research focused on the causes of non-corrupt governments is still nascent. Electoral accountability is one important means of changing existing corruption dynamics in government, and one potential way of punishing corrupt elected officials is to give voters information about the corrupt behavior. In a randomized field exper...

Do Female Politicians Influence Public Spending? Evidence from Taiwan

Taiwan is at the top of the list among Asian countries when it comes to the number of female legislators in national parliament. However, whether the increasing level of female politicians has an effect on policy outcomes is unclear. This is because female politicians’ work on women’s issues is often restricted by party discipline with the flourishing development of political parties and the po...