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The in-hospital mortality rates of slaves and freemen: evidence from Touro infirmary, New Orleans, Louisiana, 1855 - 1860
Pritchett, Jonathan; Yun, Myeong-Su - 2008
Using a rich sample of admission records from New Orleans Touro Infirmary, we examine the in-hospital mortality risk of free and enslaved patients. Despite a higher mortality rate in the general population, slaves were significantly less likely to die in the hospital than the whites. We analyze...
Persistent link: https://www.econbiz.de/10010277319
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The evolution of the racial gap in education and the legacy of slavery
Bertocchi, Graziella; Dimico, Arcangelo - 2011
determined by the initial gap. We obtain these results with 2SLS estimates where slavery is used as an instrument for the initial … gap. The excludability of slavery is preliminarily established by instrumenting it with the share of disembarked slaves … initial racial gap in education and that slavery affects growth indirectly through this channel. …
Persistent link: https://www.econbiz.de/10010282571
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The labor/land ratio and India's caste system
Duleep, Harriet - 2012
This paper proposes that India's caste system and involuntary labor were joint responses by a nonworking landowning class to a low labor/land ratio in which the rules of the caste system supported the institution of involuntary labor. The hypothesis is tested in two ways: longitudinally, with...
Persistent link: https://www.econbiz.de/10010284017
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Lessons from the laureates
Breit, William; Hirsch, Barry T. - 2009
This paper uses as source material twenty-three autobiographical essays by Nobel economists presented since 1984 at Trinity University (San Antonio, Texas) and published in Lives of the Laureates (MIT Press). A goal of the lecture series is to enhance understanding of the link between biography...
Persistent link: https://www.econbiz.de/10010268998
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Cognition and economic outcomes in the health and retirement survey
MacArdle, John J.; Smith, James P.; Willis, Robert - 2009
Dimensions of cognitive skills are potentially important but often neglected determinants of the central economic outcomes that shape overall well-being over the life course. There exists enormous variation among households in their rates of wealth accumulation, their holdings of financial...
Persistent link: https://www.econbiz.de/10010269015
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The effects of credit status on college attainment and college completion
Gicheva, Dora; Ionescu, Felicia; Simpson, Nicole B. - 2012
College students now use various forms of unsecured credit such as private student loans and credit cards to finance college. Access to these credit lines and the interest rates charged on these loans can vary significantly across credit scores. In this paper, we analyze if credit status, as...
Persistent link: https://www.econbiz.de/10010287620
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Testing CAPM with a large number of assets
Pesaran, Hashem; Yamagata, Takashi - 2012
This paper is concerned with testing the time series implications of the capital asset pricing model (CAPM) due to Sharpe (1964) and Lintner (1965), when the number of securities, N, is large relative to the time dimension, T, of the return series. In the case of cross-sectionally correlated...
Persistent link: https://www.econbiz.de/10010282392
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Private information, human capital, and optimal 'home bias' in financial markets
Ehrlich, Isaac; Shin, Jong Kook; Yin, Yong - 2011
By allowing for imperfectly informed markets and the role of private information, we offer new insights about observed deviations of portfolio concentrations in domestic relative to foreign risky assets, or home bias, from what standard finance models predict. Our model ascribes the bias to...
Persistent link: https://www.econbiz.de/10010286893
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The Legacies of Slavery in and out of Africa
Bertocchi, Graziella - 2015
The slave trades out of Africa represent one of the most significant forced migration experiences in history. In this paper I illustrate their long-term consequences. I first consider the influence of the slave trade on the "sending" countries in Africa, with attention to their economic,...
Persistent link: https://www.econbiz.de/10011307316
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Measuring the Spatial Misallocation of Labor: The Returns to India-Gulf Guest Work in a Natural Experiment
Clemens, Michael A. - 2019
'Guest workers' earn higher wages overseas on temporary low-skill employment visas. This wage effect can quantify global inefficiencies in the pure spatial allocation of labor between poorer and richer countries. But rigorous estimates are rare, complicated by migrant self-selection. This paper...
Persistent link: https://www.econbiz.de/10011984655