ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Feb
18

Marriage: Till Death Do Us Part(?)

  Premise: I have to admit from the beginning that I am not married myself, thus what is written below is an outsider’s insights into explaining the phenomena of marriage. Marriage is a phenomenon strongly intertwined within our culture and everyday life. It is almost a “must do” thing in Georgian traditional society, and it has to be approved either by religious authority or by the state, or both. A recent study about Georgian youth entitled “Generation in Transition, Youth Study Georgia – 2016” by the Friedrich-Ebert Stiftung, shows the 14-29 age ...
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Eric Livny
When economists start analyzing love and marriages... A great, thought provoking peace, Maka! Let me comment from the perspective... Read More
Thursday, 23 February 2017 4:04 AM
Guest — ArchilBakuradze
Wonderful piece. Congratulations! I should admit I have just realized that what is called an individual loan in the microfinance w... Read More
Thursday, 23 February 2017 5:05 AM
Salome Gelashvili
Very nice piece, Maka!In my view cohabitation and marriage are the same things. Official marriage just comes with an extra piece o... Read More
Thursday, 23 February 2017 8:08 AM
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Oct
03

Breathing in Tbilisi

Tempelhofer Feld is a beloved communal recreation area of Berliners. Tempelhofer Feld is not just a park. It is a park built instead of an airport. In 2008, when the almost century old Tempelhofer airport was closed, the city of Berlin declared the centrally located, 386-hectare (!) open space for public use. Today, the area has a six-kilometer cycling, skating and jogging trail, a 2.5-hectare barbeque area, a dog-walking field covering around four hectares, and an enormous picnic area for visitors – everything we, Tbilisi citizens, can only dream of. Ju...
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Irakli Shalikashvili
I totally agree with the author about Georgian citizens. The majority simply just does not care about the environment they live in... Read More
Tuesday, 13 December 2016 12:12 PM
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Sep
27

Jobs for Life in Georgian Universities?

Few may have noticed an amendment to the Georgian Law on Higher Education, passed in December 2015, which potentially ushers in a new era for Georgia’s higher education system. As of January 2017, (some) Georgian professors and senior research staff will be appointed for an indefinite term (i.e. given "tenure"). Offered decent compensation and protected from political pressures and job insecurity, they will be able to indulge in academic endeavors, nurturing a new generation of Georgian academics and promoting Georgian science onto the global scene. This...
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Eric Livny
This amendment is actually much worse than I have initially thought. According to Article 35, all professors shall be hired for an... Read More
Thursday, 29 September 2016 11:11 AM
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Jun
13

The Economics of Boasting

WHO BOASTS, AND WHY? As argued by Omer Moav and Zvika Neeman in a 2012 paper (Moav taught at ISET in the past), boasting is a way to pretend that one has hidden income (“Saving Rates and Poverty: The Role of Conspicuous Consumption and Human Capital”, Economic Journal 122, pp. 933-956). While people may have a rough idea of the incomes of their neighbors, colleagues, friends, and other people they interact with, they usually do not know exactly how much they make. Hence, there is some wiggle room for speculation, and if one sees a colleague coming to wor...
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Guest — Randy
A more obvious explanation may be that this is even more evidence that reported Georgian incomes are meaningless, as anyone lookin... Read More
Monday, 18 May 2015 5:05 PM
Guest — megiddo02
Randy, do you want to suggest that the $300 per capita GDP are highly inaccurate and the true income is much higher?
Monday, 18 May 2015 5:05 PM
Guest — Sanjit Dhami
All very plausible; the examples from evolution are persuasive and might well apply to humans too. However, poor countries also ha... Read More
Monday, 18 May 2015 7:07 PM
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May
30

Patience, Genatsvale!

“The one who is patient, wins.” Georgian proverb One of the first things tourists in Georgia notice is how crazy that drive from the airport to the city is. Jumping red lights, breaking rules to take over the jeep in front, the Georgian taxi driver risks his (and not only his!) life to deliver his passenger to the destination. As a distraction from the dangerous ride, the driver might offer the famous “dzhigit” (a brave equestrian) joke: a dzhigit passes on red light, but stops on green – in case another dzhigit is crossing the road. Dzhigit-style d...
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Mar
28

Why Georgia is not South Korea (or Israel)?

Back in October 2014, soon after the introduction of new visa regulations by the Georgian government, I visited Seoul, the capital of South Korea. An unpleasant surprise awaited me on the way back home at the Seoul airport. The young stewardess checked my (Israeli) passport and informed me that, according to the system, I will not be allowed to board the flight (to Istanbul) unless I show a Georgian residence card or buy a return ticket. “But I live in Georgia, and it has never been a problem to come back, nobody ever checked my ticket”, I argued. T...
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Guest — Levan Pavlenishvili
Maybe we need some more time to learn how to monetize our talents, or start following rules. Many generations in this country live... Read More
Monday, 16 March 2015 5:05 PM
Guest — Eric Livny
Levan, you always have great ideas... Just one point - Italy is a union of two large parts (themselves further subdivided), North ... Read More
Monday, 16 March 2015 5:05 PM
Guest — Levan Pavlenishvili
Probably yes, results of previous Tbilisi elections were also names in rhymed with "Chitanava", so I don't have any other choice b... Read More
Monday, 16 March 2015 5:05 PM
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