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Traumatic Financial Experiences and Persistent Changes in Financial Behavior : Evidence from the Freedman's Savings Bank
Arthi, Vellore; Richardson, Gary - National Bureau of Economic Research - 2024
The failure of the Freedman's Savings Bank (FSB), one of the only Black-serving banks in the early post-bellum South, was an economic catastrophe and one of the great episodes of racial exploitation in post-Emancipation history. It was also most Black Americans' first experience of banking. Can...
Persistent link: https://www.econbiz.de/10014576605
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Frontier History and Gender Norms in the United States
Bazzi, Samuel; Brodeur, Abel; Fiszbein, Martín; … - National Bureau of Economic Research - 2023
higher marriage rates for women and lower for men. Land abundance favored higher fertility. The demands of childcare … opportunities outside the home. Frontier women were less likely to report "gainful employment," but among those who did, relatively … more had high-status occupations. Together, these findings integrate contrasting narratives about frontier women …
Persistent link: https://www.econbiz.de/10014247997
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Wealth and Property Taxation in the United States
Dray, Sacha; Landais, Camille; Stantcheva, Stefanie - National Bureau of Economic Research - 2023
We study the history and geography of wealth accumulation in the US, using newly collected historical property tax … enslaved people are not included in the property measure. Third, we investigate the determinants of long-term wealth growth and … higher levels of wealth inequality experienced lower subsequent long-run growth in property …
Persistent link: https://www.econbiz.de/10014247998
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The Economic Effects of American Slavery : Tests at the Border
Bleakley, C. Hoyt; Rhode, Paul W. - National Bureau of Economic Research - 2024
To engage with the large literature on the economic effects of slavery, we use antebellum census data to test for statistical differences at the 1860 free-slave border. We find evidence of lower population density, less intensive land use, and lower farm values on the slave side. Half of the...
Persistent link: https://www.econbiz.de/10014576669
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The Moral Values of "Rugged Individualism"
Bazzi, Samuel; Fiszbein, Martín; Garcia, Maximiliano - National Bureau of Economic Research - 2024
The United States is among the most individualistic societies in the world. However, unlike Western European individualism, which is imbued with moral universalism, America's "rugged individualism" is instead particularistic. We link this distinctive cultural configuration to the country's...
Persistent link: https://www.econbiz.de/10014544712
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The Model T
Eli, Shari; Hausman, Joshua K.; Rhode, Paul W. - National Bureau of Economic Research - 2023
We ask (1) why the United States adopted the car more quickly than other countries before 1929, and (2) why in the United States the car changed from a luxury to a mass market good between 1909 and 1919. We argue that the answer is in part the success of the Model T in the United States and its...
Persistent link: https://www.econbiz.de/10014322841
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Income Gains and the Geography of the US Home Ownership Boom, 1940 to 1960
Collins, William J.; Niemesh, Gregory - National Bureau of Economic Research - 2023
Income and home ownership both surged in the United States between 1940 and 1960. We use cross-place variation in changes in real income to assess the importance of income gains to the mid-century home ownership boom. OLS and IV estimates suggest that a large share of the overall increase in...
Persistent link: https://www.econbiz.de/10014287350
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The Impact of Violence during the Mexican Revolution on Migration to the United States
Escamilla-Guerrero, David; Kosack, Edward; Ward, Zachary - National Bureau of Economic Research - 2023
women and children. We show that violence was the main treatment channel, with variation in the intensity and nature of …
Persistent link: https://www.econbiz.de/10014337765
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Institutional Drift, Property Rights, and Economic Development : Evidence from Historical Treaties
Feir, Donna; Gillezeau, Rob; Jones, Maggie - National Bureau of Economic Research - 2023
For nearly three centuries, Indigenous peoples within the borders of present-day Canada engaged in treaty-making with the British Crown and other European powers. These treaties regularly formed the colonial legal basis for access to Indigenous lands. However, treaties were not negotiated...
Persistent link: https://www.econbiz.de/10014372470
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Homeward Bound : How Migrants Seek Out Familiar Climates
Obolensky, Marguerite; Tabellini, Marco; Taylor, Charles A. - National Bureau of Economic Research - 2024
This paper introduces the concept of "climate matching" as a driver of migration and establishes several new results. First, we show that climate strongly predicts the spatial distribution of immigrants in the US, both historically (1880) and more recently (2015), whereby movers select...
Persistent link: https://www.econbiz.de/10014468235