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

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Listed:
  • Jason A. Aimone
  • Sheryl Ball
  • Esha Dwibedi
  • Jeremy J. Jackson
  • James E. West

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.

Suggested Citation

  • Jason A. Aimone & Sheryl Ball & Esha Dwibedi & Jeremy J. Jackson & James E. West, 2024. "Macro-Level Institutions and Micro-Level Economic Behavior: A Meta-Meta Analysis of 1,126 Studies," NBER Working Papers 33129, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:33129
    Note: DEV PE POL
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    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • H1 - Public Economics - - Structure and Scope of Government
    • P5 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems

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