The Los Angeles fires are an emerging catastrophe affecting hundreds of thousands of people, but unless something dramatically different is done, such disasters will become more and more common. So far, the fires have forced hundreds of thousands to evacuate, destroyed thousands of homes, and have resulted in at least five fatalities. Authorities believe the […]
Uzbekistan, a country in Central Asia with a population of more than 36 million, is undergoing a significant transformation in its financial sector, moving toward a more modern, private-sector-driven system with stronger regulatory oversight. The country’s financial sector is heavily dominated by state-owned commercial banks, which control over 70% of total assets. Meanwhile, private banks […]
The question of whether immigrants from countries with low levels of political trust bring those attitudes with them to their host societies has long been debated. This column leverages survey data from 38 countries, and exploits variation across countries, cohorts, and survey rounds, to show that immigrants exposed to institutional corruption during early adulthood (ages […]