Browsing Working Papers by Author "ZINGALES, Luigi"

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Browsing Working Papers by Author "ZINGALES, Luigi"

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    Title: Civic Capital as the Missing Link  Author(s): GUISO, Luigi; SAPIENZA, Paola; ZINGALES, Luigi Date: 2010 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This chapter reviews the recent debate about the role of social capital in economics. We argue that all the difficulties this concept has encountered in economics are due to a vague and excessively broad definition. For ...
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    Title: The Determinants of Attitudes towards Strategic Default on Mortgages  Author(s): GUISO, Luigi; SAPIENZA, Paola; ZINGALES, Luigi Date: 2010 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We use survey data to study American households’ propensity to default when the value of their mortgage exceeds the value of their house even if they can afford to pay their mortgage (strategic default). The cost of ...
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    Title: Moral and Social Constraints to Strategic Default on Mortgages  Author(s): GUISO, Luigi; SAPIENZA, Paola; ZINGALES, Luigi Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We use survey data to study American households‘ propensity to default when the value of their mortgage exceeds the value of their house even if they can afford to pay their mortgage (strategic default). We find that 26% ...
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    Title: Long Term Persistence  Author(s): GUISO, Luigi; SAPIENZA, Paola; ZINGALES, Luigi Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Is social capital long lasting? Does it affect long term economic performance? To answer these questions we test Putnam’s conjecture that today marked differences in social capital between the North and South of Italy were ...
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    Title: Labor Adjustment: Disentangling Firing and Mobility Costs  Author(s): GUISO, Luigi; SAPIENZA, Paola; ZINGALES, Luigi Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper studies the costs of adjusting employment, distinguishing between firms’ firing and workers’ mobility costs. We construct a simple dynamic general equilibrium model of labor demand and supply and show that ...
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    Title: Cultural Biases in Economic Exchange?  Author(s): GUISO, Luigi; SAPIENZA, Paola; ZINGALES, Luigi Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: How much do cultural biases affect economic exchange? We try to answer this question by using the relative trust European citizens have for citizens of other countries. First, we document that this trust is affected not ...
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    Title: Social Capital as Good Culture  Author(s): GUISO, Luigi; SAPIENZA, Paola; ZINGALES, Luigi Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: To explain the extremely long-term persistence (more than 500 years) of positive historical experiences of cooperation (Putnam, 1993), we model the intergenerational transmission of priors about the trustworthiness of ...
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    Title: The Cost of Banking Regulation  Author(s): GUISO, Luigi; SAPIENZA, Paola; ZINGALES, Luigi Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We use exogenous variation in the degree of restrictions to bank competition across Italian provinces to study both the effects of bank regulation and the impact of deregulation. We find that where entry was more restricted ...