作者:University of California System; University of California Irvine
摘要:The prudent peasant mitigated the risk of crop failures by scattering his arable land throughout his village, Deirdre McCloskey argued, because alternative risk-sharing institutions did not exist. But, alternatives did exist, this essay concludes. Medieval English peasants formed two types of farmers' cooperatives. Fraternities protected members from the perils of everyday life. Customary poor laws redistributed resources towards villagers beset by bad luck. In both institutions, the expectati...
作者:Washington University (WUSTL)
作者:Seoul National University (SNU)
摘要:How did the wartime health of Union Army recruits affect their wealth accumulation through 1870? Wounds and exposure to combat had strong negative effects on subsequent savings, as did illnesses while in the service. The impact of poor health was particularly strong for unskilled workers. Health was a powerful determinant of nineteenth-century economic mobility. Infectious diseases' influences on wealth accumulation suggest that the economic gains from the improvement of the disease environmen...
作者:Boston University; National Bureau of Economic Research
作者:University of British Columbia
作者:Vanderbilt University; National Bureau of Economic Research
作者:London Metropolitan University