Although rates of interracial marriage are on the rise, we still know relatively little about the experiences of mixed-race adolescents. In this paper, we examine the identity and behavior of mixed-race (black and white) youth. We find that mixed-race youth adopt both types of behaviors -- those...

Economic and social theorists have modeled race and ethnicity as a form of personal identity produced in recognition of the costliness of adopting and maintaining a specific identity. These models of racial and ethnic identity recognize that race and ethnicity is potentially endogenous because...

Black is not always black. Subtle distinctions in skin tone translate into significant differences in outcomes. Data on more than 15,000 households interviewed during the 1860 federal census exhibit sharp differences in wealth holdings between white, mulatto, and black households in the urban...

It is well known that children raised in poverty demonstrate lower academic achievement than children raised in affluence. This study extends previous studies in three ways. First, it estimates structural instead of reduced-form models of child academic attainment. Such structural models...

This paper considers the extent to which crime in early America was conditioned on height. With data on inmates incarcerated in Pennsylvania state penitentiaries between 1826 and 1876, we estimate the parameters of Wiebull proportional hazard specifications of the individual crime hazard. Our...

This paper considers the extent to which crime in the 19th century was conditioned on body weight. With data on inmates incarcerated in the Tennessee and Illinois state penitentiaries between 1831 and 1892, we estimate the parameters of Wiebull proportional hazard specifications of the...

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...

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...

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...

Do efficient financial markets and institutions promote economic growth? Have they done so in the past? In this essay, to be included in the Handbook of Finance and Development (edited by Thorsten Beck and Ross Levine), I survey a large and diverse historical literature that explores the...