Macro-Level Institutions and Micro-Level Economic Behavior: A Meta-Meta Analysis of 1,126 Studies

Jason A. Aimone, Sheryl Ball, Esha Dwibedi, Jeremy J. Jackson and James West

No 33129, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We combine societal-level institutional measures from 51 countries between 1996 and 2017 with individual decision-making outcome data from 1,126 laboratory experiments in six meta-analyses to evaluate the effects of within-country institutional change on pro-social and Nash behavior. We find that government effectiveness and regulatory freedom positively correlate with pro-social behavior. We find that freedom from each of the following components of regulation; interest rate controls, binding minimum wages, worker dismissal protections, conscription, and administrative requirements; are correlated with prosocial behavior and are inversely correlated with Nash behavior. These results suggest the importance of considering spillover effects in pro-social behavior when designing government policy.

JEL-codes: C91 H1 P5 (search for similar items in EconPapers)
Date: 2024-11
New Economics Papers: this item is included in nep-cbe, nep-exp and nep-lma
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