Showing 1 - 10 of 43
Much of the research on height in historical populations relies on convenience samples. A crucial question with convenience samples is whether the sample accurately reflects the characteristics of the population; if not, then estimated parameters will be affected by sample selection bias. This...
Persistent link: https://www.econbiz.de/10012458709
Understanding long-term changes in human well-being is central to understanding the consequences of economic development. An extensive anthropometric literature purports to show that heights in the United States declined between the 1830s and the 1890s, which is when the US economy...
Persistent link: https://www.econbiz.de/10012457418
Penology in the Jim Crow South centered on the chain gang. Gangs ostensibly served three purposes: their severity served as a deterrent; their putting convicts to work on roads and other public improvements reduced the taxpayers' costs of infrastructure; and their discriminatory implementation...
Persistent link: https://www.econbiz.de/10012482623
Although the mobilization of savings is an important function of banks and other financial institutions, there is remarkably little evidence that bears on how and how well the financial sector mobilized household savings in the nineteenth and early twentieth century. This paper documents...
Persistent link: https://www.econbiz.de/10012533359
How far did antebellum bank notes travel? Up to now, we did not know. Using previously overlooked data on interbank holdings of bank notes and the records of a small-time note broker, I find that most bank notes circulated within about 50 miles of the issuing banks. Few notes were observed from...
Persistent link: https://www.econbiz.de/10014437017
Studies of modern misdemeanor adjudication find that courts set bail higher than is required to reasonably assure that nonviolent defendants who pose no immediate threat to the community will appear for trial. Some defendants languish in jail for extended periods during which time they lose...
Persistent link: https://www.econbiz.de/10015056213
This paper addresses estimation of an outcome characterized by mass at zero, significant skewness, and heteroscedasticity. Unlike other approaches suggested recently that require retransformations or arbitrary assumptions about error distributions, our estimation strategy uses sequences of...
Persistent link: https://www.econbiz.de/10012470794
Mandated shutdowns of nonessential businesses during the COVID-19 crisis brought into sharp relief the tradeoff between public health and a healthy economy. This paper documents the short-run effects of shutdowns during the Spanish flu pandemic of 1918, which provides a useful counterpoint to...
Persistent link: https://www.econbiz.de/10012481350
Economic teams, including the business partnership, are created to exploit gains from cooperation, but teams also fall prey to shirking and other opportunistic behaviors, which lead to their dissolution. If team production is partly financed with debt, the untimely dissolution of partnerships...
Persistent link: https://www.econbiz.de/10012461968
A long-standing debate concerns the rationality of slave owners and this paper addresses that debate within the context of manumission. Using a new sample of 19th-century Virginia manumissions, I show that manumission was associated with the productive characteristics of slaves. More productive...
Persistent link: https://www.econbiz.de/10012462948