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作者：[Anonymous]
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作者：University of Gothenburg
摘要：In this article we document a reversal of fortune within the Western agricultural core, showing that regions which made early transition to Neolithic agriculture are now poorer than regions that made the transition later. The finding contrasts recent influential works emphasizing the beneficial role of early transition. Using data from a large number of carbon-dated Neolithic sites throughout the Western agricultural area, we determine approximate transition dates for about 60 countries, 280 m...
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作者：University System of Ohio; Xavier University; Baylor University
摘要：We present new estimates of the outcomes of first-generation Mexicans and their descendants between 1880 and 1940. We find zero convergence of the economic gap between Mexicans and non-Mexican whites across three generations. The great-grandchildren of immigrants also had fewer years of education. Slow convergence is not simply due to an inheritance of poverty; rather, Mexican Americans had worse outcomes conditional on the father's economic status. However, the gap between third-generation Me...
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作者：University of Antwerp; Monash University
摘要：With two news-based measures on war, I document that managers mitigated war risk through dividend cuts, arguably to establish a war chest. Moreover, I find that companies postponed their initial public offerings and that foreign companies were more likely to delist after the onset of wars. Investors reacted negatively to the increase in war news coverage. There is evidence of mean-reversion after a threat of war and a negative drift following the start of war. Finally, I highlight the importan...
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作者：Washington & Lee University
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作者：Hitotsubashi University; Yale University
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作者：University of Reading; University of Reading
摘要：We examine shifts in British income inequality and their causes from 1911-1949. Using newly rediscovered Inland Revenue income distribution estimates, we show that Britain had an unusually high concentration of personal incomes in 1911 compared to other industrial nations. We also find that Britain's substantial inequality reduction over the next four decades was largely driven by a collapse in top capital incomes. This parallels findings for France, the United States, and other western countr...
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作者：Boston University; National University of Singapore
摘要：What was the return to education in the United States at mid-century? In 1940, the correlation between years of schooling and earnings was relatively low. In this article, we estimate the causal return to schooling in 1940, constructing a large linked sample of twin brothers to account for differences in unobserved ability and family background. We find that each additional year of schooling increased labor earnings by approximately 4 percent, about half the return found for more recent cohort...
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作者：Brandeis University
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作者：Vanderbilt University; National Bureau of Economic Research
摘要：I study the impact of transportation on health in the rural United States, 1820-1847. Measuring health by average stature, I find that greater transportation linkage, as measured by market access, in a cohort's county-year of birth had an adverse impact on its health. A one-standard-deviation increase in market access reduced average stature by 0.14 inches, and rising market access over the study period can explain 37 percent of the contemporaneous decline in average stature, known as theAnteb...
