作者：University of California System; University of California Berkeley; University of Illinois System; University of Illinois Urbana-Champaign; Columbia University
摘要：Slave property rights yielded a source of collateral as well as a coerced labor force. Using data from Dun and Bradstreet linked to the 1860 census and slave schedules in Maryland, we find that slaveowners were more likely to start businesses prior to the uncompensated 1864 emancipation, even conditional on total wealth and human capital, and this advantage disappears after emancipation. We assess a number of potential explanations, and find suggestive evidence that this is due to the superior...
作者：Indian School of Business (ISB)
摘要：This article investigates the impact of official language policies on education using state formation in India. Colonial provinces consisted of some districts where the official language matched the district's language and some where it did not. Linguistically mismatched districts have 18.0 percent lower literacy rates and 20.1 percent lower college graduation rates, driven by difficulty in acquiring education due to a different medium of instruction in schools. Educational achievement caught ...
作者：University of Osaka; Australian National University
摘要：How do changes to taxation policy affect the organizational choices of firms? Using historical firm data constructed from Japanese corporate genealogies, we examine the short-run impact of introducing a personal income tax (PIT) in 1887 on tax-motivated incorporation. Between 1880 and 1892, we find that the introduction of PIT increased the share of incorporated firms by more than 3 percentage points, indicating firms chose their organizational structure to avoid new taxation. Furthermore, our...
