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作者：[Anonymous]
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作者：North Carolina State University
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作者：Humboldt University of Berlin
摘要：We revisit Max Weber's hypothesis on the role of Protestantism for economic development. We show that nationalism is crucial to both, the interpretation of Weber's Protestant Ethic and empirical tests thereof. For late nineteenth-century century Prussia we reject Weber's suggestion that Protestantism mattered due to an ascetic compulsion to save. Moreover, we find that income levels, savings, and literacy rates differed between Germans and Poles, not between Protestants and Catholics, using po...
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作者：Utah System of Higher Education; Utah State University; Federal Reserve System - USA; Federal Reserve Bank - St. Louis
摘要：Financial network structure is an important determinant of systemic risk. This article examines how the U.S. interbank network evolved over a long and important period that included two key events: the founding of the Federal Reserve and the Great Depression. Banks established connections to correspondents that joined the Federal Reserve in cities with Fed offices, initially reducing overall network concentration. The network became even more focused on Fed cities during the Depression, as sur...
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作者：University of Kentucky; Auburn University System; Auburn University
摘要：We study labor earnings inequality during the Great Depression using establishment-level information from the Census of Manufactures (COM). Inequality, as measured by the interquartile range in earnings per worker, declines by 10 log points between 1929 and 1933. However, by 1935, this difference has recovered to its 1929 level. In a decomposition, this decline and then rise in inequality is entirely explained by returns to observable factors, most notably the skill premium and regional differ...
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作者：New York University; New York University Abu Dhabi
摘要：We study the economic and political determinants of the Southern secession movement of 1860/61. While economic historians emphasize the importance of slavery to the South's economy as the primary factor behind the movement, we demonstrate the important role that political inequality among whites played in facilitating secession. In particular, secession was decided in state conventions, which allowed secessionists to exploit biases to representation and may have been pivotal in Alabama and Geo...
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作者：University System of Ohio; Case Western Reserve University; Federal Reserve System - USA
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作者：Leibniz Association; RWI - Leibniz Institut fur Wirtschaftsforschung
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作者：Massachusetts Institute of Technology (MIT)
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作者：Hebrew University of Jerusalem
