In his seminal publications between the 1930s and 1960s, Frederick Lane offered three hypotheses regarding the impact of the Voyages of Discovery that have guided debate ever since. First, pepper and other spice prices did not rise in European markets in the century before the 1490s, and thus...

This paper studies the distributional impact of commodity price shocks over both the short and very long run.  Using a GARCH model, we find that Australia experienced more volatility than many commodity exporting developing countries over the periods 1865-1940 and 1960-2007.  A single equation...

Immigrants during two global centuries : rising quantity and falling quality -- A framework -- Looking at local labor markets -- Immigration shocks and labor market absorption : two modern examples -- Immigrants, wages, and inequality : the global centuries compared -- Policy and the demise of...