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Economic growth and individualism: The role of informal institutions

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  • Hansen, Casper Worm

Abstract

This paper shows that the degree of ancestral individualism is positively related to annual earnings across second-generation US immigrants. This provides evidence in favor of Gorodnichenko and Roland’s (2011b) hypothesis that the individualistic dimension of culture is important for long-term economic growth.

Suggested Citation

  • Hansen, Casper Worm, 2013. "Economic growth and individualism: The role of informal institutions," Economics Letters, Elsevier, vol. 118(2), pages 378-380.
    • Handle: RePEc:eee:ecolet:v:118:y:2013:i:2:p:378-380
    DOI: 10.1016/j.econlet.2012.12.002
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    References listed on IDEAS

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    1. Yuriy Gorodnichenko & Gerard Roland, 2011. "Which Dimensions of Culture Matter for Long-Run Growth?," American Economic Review, American Economic Association, vol. 101(3), pages 492-498, May.
    2. Yann Algan & Pierre Cahuc, 2010. "Inherited Trust and Growth," American Economic Review, American Economic Association, vol. 100(5), pages 2060-2092, December.
    3. Alberto Alesina & Paola Giuliano & Nathan Nunn, 2013. "On the Origins of Gender Roles: Women and the Plough," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 128(2), pages 469-530.
    4. Alessandra Fogli & Raquel Fernandez, 2009. "Culture: An Empirical Investigation of Beliefs, Work, and Fertility," American Economic Journal: Macroeconomics, American Economic Association, vol. 1(1), pages 146-177, January.
    5. Alberto Alesina & Paola Giuliano & Nathan Nunn, 2011. "Fertility and the Plough," American Economic Review, American Economic Association, vol. 101(3), pages 499-503, May.
    6. Yuriy Gorodnichenko & Gerard Roland, 2017. "Culture, Institutions, and the Wealth of Nations," The Review of Economics and Statistics, MIT Press, vol. 99(3), pages 402-416, July.
    7. Robert E. Hall & Charles I. Jones, 1999. "Why do Some Countries Produce So Much More Output Per Worker than Others?," The Quarterly Journal of Economics, Oxford University Press, vol. 114(1), pages 83-116.
    8. repec:hal:spmain:info:hdl:2441/432sbils8u9t7qa99cii5psht1 is not listed on IDEAS
    9. Louis Putterman, 2008. "Agriculture, Diffusion and Development: Ripple Effects of the Neolithic Revolution," Economica, London School of Economics and Political Science, vol. 75(300), pages 729-748, November.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Yann Algan & Pierre Cahuc, 2010. "Inherited Trust and Growth," American Economic Review, American Economic Association, vol. 100(5), pages 2060-2092, December.
    2. Maryam Khosravi & Mahmood Yahyazadehfar & Mohsen Alizadeh Sani, 2023. "Economic growth and human capital in Iran: A phenomenological study in a major Central Asian economy," Asia Pacific Journal of Management, Springer, vol. 40(2), pages 645-679, June.
    3. Yann Algan & Pierre Cahuc, 2010. "Inherited Trust and Growth," American Economic Review, American Economic Association, vol. 100(5), pages 2060-2092, December.
    4. Costa-Font, Joan & García Hombrados, Jorge & Nicińska, Anna, 2024. "Long-lasting effects of indoctrination in school: evidence from the People's Republic of Poland," LSE Research Online Documents on Economics 120407, London School of Economics and Political Science, LSE Library.
    5. Ludek Kouba & Hans Pitlik, 2014. "I wanna live my life: Locus of Control and Support for the Welfare State," MENDELU Working Papers in Business and Economics 2014-46, Mendel University in Brno, Faculty of Business and Economics.
    6. Höckel, Lisa Sofie, 2018. "Collectivism in the labor market: Evidence from second generation immigrants in the United States," Journal of Comparative Economics, Elsevier, vol. 46(4), pages 1347-1369.
    7. Enn Lun Yong, 2020. "Understanding Cultural Determinants of Scientific-Knowledge Development: Empirical Conceptualization from a Cross-Country Investigation," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 11(4), pages 1646-1662, December.
    8. repec:hal:spmain:info:hdl:2441/432sbils8u9t7qa99cii5psht1 is not listed on IDEAS
    9. Höckel, Lisa Sofie, 2016. "Individualism vs. Collectivism - How inherited cultural values affect the labor market outcomes of second generation immigrants in the US," VfS Annual Conference 2016 (Augsburg): Demographic Change 145856, Verein für Socialpolitik / German Economic Association.
    10. Nikola Najman & Petr Rozmahel & Luděk Kouba & Ladislava Grochová, 2013. "Integration of Central and Eastern European Countries: Increasing EU Heterogeneity? WWWforEurope Working Paper No. 9," WIFO Studies, WIFO, number 46856, February.
    11. Pitlik, Hans & Rode, Martin, 2017. "Individualistic values, institutional trust, and interventionist attitudes," Journal of Institutional Economics, Cambridge University Press, vol. 13(3), pages 575-598, September.
    12. Joan Costa-i-Font & Jorge García-Hombrados & Anna Nicińska, 2020. "Long-Lasting Effects of Communist Indoctrination in School: Evidence from Poland," CESifo Working Paper Series 8766, CESifo.
    13. Hans Pitlik & Luděk Kouba, 2013. "The Interrelation of Informal Institutions and Governance Quality in Shaping Welfare State Attitudes. WWWforEurope Working Paper No. 38," WIFO Studies, WIFO, number 46924, February.

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    More about this item

    Keywords

    Epidemiological approach; Second-generation US immigrants; Individualism; Economic growth;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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