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Respect, responsibility, and production

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Author Info
Breuer, Janice
McDermott, John
Abstract

We examine the impact of the values respect for others and responsibility on productivity and the accumulation of physical and human capital for a sample of 58 countries. We find that these two core values are important and that their impact is substantial. Respect for others works primarily through productivity whereas responsibility is important to investment in physical and human capital. We also show that respect and responsibility are embedded in institutions and may overcome the negative macroeconomic effects associated with fractionalized societies.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 18111.

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Date of creation: Oct 2009
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Handle: RePEc:pra:mprapa:18111

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Related research
Keywords: values; respect for others; responsibility; institutions; productivity; human capital; output per worker;

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Find related papers by JEL classification:
O1 - Economic Development, Technological Change, and Growth - - Economic Development
Z1 - Other Special Topics - - Cultural Economics
O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General

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  12. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2009. "Cultural Biases in Economic Exchange?," The Quarterly Journal of Economics, MIT Press, vol. 124(3), pages 1095-1131, August. [Downloadable!] (restricted)
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