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作者:University of Minnesota System; University of Minnesota Twin Cities
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作者:Hebrew University of Jerusalem; Hebrew University of Jerusalem
摘要:We revisit the evidence on the relations between institutions, the cost of government debt, and financial development in Britain (1690-1790) and find that interest rates remained high and volatile for four decades after the Glorious Revolution, partly due to wars and instability; British interest rates co-moved with those in Holland; Debt per capita remained lower in Britain than in Holland until around 1780; and Britain did not borrow at lower rates than European countries with more limited p...
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作者:Vanderbilt University
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作者:Stanford University; Tilburg University; Tilburg University
摘要:When contracting, European merchants could at least partially observe characteristics such as the health, physical strength, and education of indentured servants. These characteristics, unobservable to us, were likely to influence servitude duration, which is observable to us. We employ a switching regression model to analyze 2,066 servitude contracts from the seventeenth and eighteenth centuries. Servants were positively selected to American mainland colonies in terms of their unobservable hu...
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作者:Minnesota State Colleges & Universities; Metropolitan State University
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作者:Voth, Hans-Joachim
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作者:Montana State University System; Montana State University Bozeman
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作者:Wellesley College
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作者:Colby College
摘要:In this article I provide a micro-level analysis of primary schooling in Victorian England. Using a new dataset of school-age males linked between the 1851 and 1881 population censuses, I examine the determinants of childhood school attendance and the impact of attendance on adult labor market outcomes. I find that schooling had a positive effect on adult occupational class and that the associated wage gains were likely to have outweighed the cost of schooling. However, this effect was small r...
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作者:Emory University; Queens University - Canada; University of Hull