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Historical events are reflected in asset prices. In this paper, we analyse government bond prices of Germany and Austria traded on the Swiss bourse during WWII. Some war events that are generally considered crucial are clearly reflected in government bond prices. This holds, in particular, for...
Persistent link: https://www.econbiz.de/10009781716
This is the second of two papers that generate and analyze quantitative estimates of the development of English caselaw and associated legal ideas before the Industrial Revolution. In the first paper, we estimated a 100-topic structural topic model, named the topics, and showed how to interpret...
Persistent link: https://www.econbiz.de/10012388206
the role of institutional actors, and that we 'misinterpret' history. This brief response addresses these allegations and … critique is misguided and based on a misrepresentation of Weimar history, especially when it comes to the case of Bavaria. In …
Persistent link: https://www.econbiz.de/10013475235
formal theory), and, most important, scrupulous attention to history and to the limitations of historical data. …
Persistent link: https://www.econbiz.de/10013453958
This paper argues that corruption in Russia is systemic in nature. Low wage levels of public officials provide strong incentives to engage in corruption. As corruption is illegal, corrupt officials can be exposed any time, which enforces loyalty towards the powers that be; thus corruption is a...
Persistent link: https://www.econbiz.de/10011789215
This paper provides a synthesis of the state of knowledge on the economics of skyscrapers. First, we document how vertical urban growth has gained pace over the course of the 20th century. Second, we lay out a simple theoretical model of optimal building heights in a competitive market to...
Persistent link: https://www.econbiz.de/10012245104
Persistent link: https://www.econbiz.de/10003597971
This paper explores how historical gender roles become entrenched as norms over the long run. In the historical United States, gender roles on the frontier looked starkly different from those in settled areas. Male-biased sex ratios led to higher marriage rates for women and lower for men. Land...
Persistent link: https://www.econbiz.de/10015179212
Trends in BMI values are estimated by centiles of the US adult population by birth cohorts 1886-1986 stratified by ethnicity. The highest centile increased by some 18 to 22 units in the course of the century while the lowest ones increased by merely 1 to 3 units. Hence, the BMI distribution...
Persistent link: https://www.econbiz.de/10003994174
Little research exists on the historical relationship between BMI variation, wealth, and inequality. This study finds that 19th century US black and white BMIs were distributed symmetrically; neither wasting nor obesity was common. Nineteenth century BMI values were also greater for blacks than...
Persistent link: https://www.econbiz.de/10008806677