This paper provides a documentation of the ifo Prussian Economic History Database (iPEHD), a county-level database covering a rich collection of variables for 19th-century Prussia. The Royal Prussian Statistical Office collected these data in several censuses over the years 1816-1901, with much...

The British Industrial Revolution triggered a reversal in the social order of society whereby the landed elite was replaced by industrial capitalists rising from the middle classes as the economically dominant group. Many observers have linked this transformation to the contrast in values...

Atmospheric pollution was an important side effect of coal-fired industrialisation in the nineteenth century. In Britain emissions of black smoke were on the order of fifty times as high as they were a century later. In this paper we examine the effects of these emissions on child development by...

We estimate models of earnings and employment outcomes for a sample of white and nonwhite male immigrants drawn from the Labour Force Survey between 1993 and 2002. Immigrants who arrived to enter the labour market are distinguished from those who arrived to complete their education. Diverse...

This paper investigates the effect of ethnicity on time spent on overlapped household production, work and leisure activities employing the 2000-2001 UK Time Use Survey. We find that, unconditionally, white females manage to "stretch" their time the most by an additional 233 minutes per day and...

We estimate calories available to workers' households in the USA, Belgium, Britain, France and Germany in 1890/1. We employ data from the United States Commissioner of Labor survey (see Haines, 1979) of workers in key export industries. We estimate that households in the USA, on average, had...

Taxation data have been used to create long-run series for the distribution of top incomes in quite a number of countries. Most of these studies have focused on the national experience of individual countries, but we can also learn from cross-country comparisons. Comparative analysis is...

We develop a two-sector, heterogeneous-agent model with incomplete financial markets to study the distributional effects and aggregate welfare implications of alternative monetary policy rules in emerging market economies. Relative to inflation targeting, exchange rate management benefits...

Central banks around the world are exploring and in some cases even piloting Central Bank Digital Currencies (CBDCs). CBDCs promise to realize a broad range of new capabilities, including direct government disbursements to citizens, frictionless consumer payment and money-transfer systems, and a...

Real wages are a key determinant of marginal costs. The latter themselves are a driving force of inflation. We ask how wages and labor market shocks feed into the inflation process. We model search and matching frictions in the labour market in an otherwise standard New-Keynesian closed economy...