The Economic Impact of Social Ties: Evidence from German Reunification
---- Acknowledgements ----
We are grateful to Philippe Aghion, Fernando Aragon, Oriana Bandiera, Tim Besley, Davide Cantoni, Wendy Carlin, Larry Katz, Yael Hochberg, Jason Garred, Maitreesh Ghatak, Claudia Goldin, Jennifer Hunt, Erik Hurst, Nathan Nunn, Rohini Pande, Torsten Persson, Michael Peters, Antoinette Schoar, Daniel Sturm, and Luigi Zingales. We also thank seminar participants at Harvard University, the University of Chicago, UCLA, the London School of Economics, London Business School, Northwestern, UBC, UPF, Bocconi, CEMFI, EBRD, Warwick, Namur, MPI Bonn, Carlos III, IIES Stockholm, TU Dresden, the Chicago Fed, and Dalhousie University, as well as at the NBER Summer Institute and the AEA, EFA, and EDP annual meetings for useful comments. All mistakes remain our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.