Friday, November 28, 2014

Habsburgs = Trust?

A quick excerpt from, "The Empire Is Dead, Long Live the Empire! Long-Run Persistence of Trust and Corruption in the Bureaucracy," by Becker, Boeckh, Hainz, and Woessmann, recently published in The Economic Journal:

"We hypothesize that the Habsburg Empire with its well-respected administration increased citizens’ trust in local public services. In several Eastern European countries, communities on both sides of the long-gone Habsburg border have shared common formal institutions for a century now. ... We find that historical Habsburg affiliation increases current trust and reduces corruption in courts and police."

Congrats to the authors, and congrats to the Habsburgs!

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