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作者:Wellesley College; Northwestern University
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作者:Colby College
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作者:University System of Maryland; University of Maryland Baltimore
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作者:United States Department of Defense; United States Navy; Naval Postgraduate School; University of Warwick
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作者:University System of Ohio; Ohio State University; National Bureau of Economic Research
摘要:This paper exploits the history of Reconstruction after the American Civil War to estimate the effect of politician race on public finance. While the effect of black politicians is positive and significant, black officials may be endogenous to electoral preferences for redistribution. I therefore use the number of free blacks in the antebellum era (1860) as an instrument for black political leaders during Reconstruction. Instrumental variables (IV) estimates show that an additional black offic...
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作者:Chulalongkorn University
摘要:We assess the impact of access to Bangkok's nineteenth-century canal network on orchard productivity using a new dataset constructed from 1880s orchard land deeds. We find that properties located adjacent to canals, which were built for purposes exogenous to orchard production, had significantly higher labor productivity than those located inland. Gaining direct access to canals led to productivity improvements through better access to markets, which in turn enhanced cultivators' welfare. We c...
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作者:Colorado College; University System of Georgia; University of Georgia
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作者:Wellesley College; University of Minnesota System; University of Minnesota Twin Cities
摘要:We analyze the effects of ownership of liberty bonds on election outcomes in the 1920s. We find that counties with higher liberty bond ownership rates turned against the Democratic Party in the presidential elections of 1920 and 1924. This was a reaction to the depreciation of the bonds prior to the 1920 election (when the Democrats held the presidency) and the appreciation of the bonds in the early 1920s (under a Republican president), as the Federal Reserve raised and then subsequently lower...
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作者:Ruprecht Karls University Heidelberg; Hebrew University of Jerusalem; Leibniz University Hannover
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作者:Yale University; University System of Maryland; University of Maryland College Park