This paper quantitatively shows that the 1945 regional differences in the degree of development of manufacturing industry are explained by human capital accumulation prior to industrial development. Human capital accumulation was more intense in the regions with higher presence of non white free...

We explore the impact of encomienda, a forced-labor institution imposed by the Spanish throughout Latin America during three centuries, on long-term development outcomes in Colombia. Despite being a classically extractive institution, municipalities that had encomiendas in 1560 have higher...

The Spanish encomienda, a colonial forced-labor institution that lasted three centuries, killed many indigenous people and caused others to flee into nomadism. And yet we show that Colombian municipalities with encomiendas in 1560 enjoy better outcomes today across multiple dimensions of...