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We study the impact of marital property legislation passed in the US South in the 1840s on households’ investment in risky, entrepreneurial projects. These laws protected the assets of newly married women from creditors in a world of virtually unlimited liability. We compare couples married after the passage of a marital property law with couples from the same state who were married before. Consistent with a simple model of household borrowing that trades off agency costs against risk sharing, the effect on investment was heterogeneous. It increased if most household property came from the husband and decreased if most came from the wife.

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Journal of Financial Economics
Authors
Peter Koudijs
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How does the appearance of a new immigrant group affect the integration of earlier generations of migrants? We study this question in the context of the first Great Migration (1915-1930), when 1.5 million African Americans moved from the US South to northern urban centers, where 30 million Europeans had arrived since 1850. We exploit plausibly exogenous variation induced by the interaction between 1900 settlements of southern-born blacks in northern cities and state-level out-migration from the US South after 1910. Black arrivals increased both the effort exerted by immigrants to assimilate and their eventual Americanization. These average effects mask substantial heterogeneity: while initially less integrated groups (i.e. Southern and Eastern Europeans) exerted more assimilation effort, assimilation success was larger for those culturally closer to native whites (i.e. Western and Northern Europeans). We show that these patterns cannot be entirely explained by economic forces. Our findings are instead more consistent with a framework in which changing perceptions of outgroup distance among the majority group lower the barriers to the assimilation of less distant minorities.

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Working Papers
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SSRN
Authors
Vicky Fouka
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Time is the backdrop of historical inquiry, yet it is much more than a featureless setting for events. Different temporalities interact dynamically; sometimes they coexist tensely, sometimes they clash violently. In this innovative volume, editors Dan Edelstein, Stefanos Geroulanos, and Natasha Wheatley challenge how we interpret history by focusing on the nexus of two concepts—“power” and “time”—as they manifest in a wide variety of case studies. Analyzing history, culture, politics, technology, law, art, and science, this engaging book shows how power is constituted through the shaping of temporal regimes in historically specific ways. Power and Time includes seventeen essays on human rights; sovereignty; Islamic, European, Chinese, and Indian history; slavery; capitalism; revolution; the Supreme Court; the Anthropocene; and even the Manson Family. Power and Time will be an agenda-setting volume, highlighting the work of some of the world’s most respected and original contemporary historians and posing fundamental questions for the craft of history.

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University of Chicago Press
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Dan Edelstein
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Political scientists have increasingly deployed conjoint survey experiments to understand multi-dimensional choices in various settings. We begin with a general framework for analyzing voter preferences in multi-attribute elections using conjoints. With this framework, we demonstrate that the Average Marginal Component Effect (AMCE) is well-defined in terms of individual preferences and represents a central quantity of interest to empirical scholars of elections: the effect of a change in an attribute on a candidate or party's expected vote share. This property holds irrespective of the heterogeneity, strength, or interactivity of voters' preferences and regardless of how votes are aggregated into seats. Overall, our results indicate the essential role of AMCEs for understanding elections, a conclusion buttressed by a corresponding literature review. We also provide practical advice on interpreting AMCEs and discuss how conjoint data can be used to estimate other quantities of interest to electoral studies.

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SSRN
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Jens Hainmueller
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We show that New Keynesian models with frictionless labor supply face a challenge: given standard parameters, they cannot simultaneously match plausible estimates of marginal propensities to consume (MPCs), marginal propensities to earn (MPEs), and fiscal multipliers. A HANK model with sticky wages provides a solution to this trilemma.

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The Review of Economics and Statistics
Authors
Adrien Auclert
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We study a program that funded 39,000 Jewish households in New York City to leave enclave neighborhoods circa 1910. Compared to their neighbors with the same occupation and income score at baseline, program participants earned 4 percent more ten years after removal, and these gains persisted to the next generation. Men who left enclaves also married spouses with less Jewish names, but they did not choose less Jewish names for their children. Gains were largest for men who spent more years outside of an enclave. Our results suggest that leaving ethnic neighborhoods could facilitate economic advancement and assimilation into the broader society, but might make it more difficult to retain cultural identity.

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NBER
Authors
Ran Abramitzky
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The recent digitization of complete count census data is an extraordinary opportunity for social scientists to create large longitudinal datasets by linking individuals from one census to another or from other sources to the census. We evaluate different automated methods for record linkage, performing a series of comparisons across methods and against hand linking. We have three main findings that lead us to conclude that automated methods perform well. First, a number of automated methods generate very low (less than 5%) false positive rates. The automated methods trace out a frontier illustrating the tradeoff between the false positive rate and the (true) match rate. Relative to more conservative automated algorithms, humans tend to link more observations but at a cost of higher rates of false positives. Second, when human linkers and algorithms use the same linking variables, there is relatively little disagreement between them. Third, across a number of plausible analyses, coefficient estimates and parameters of interest are very similar when using linked samples based on each of the different automated methods. We provide code and Stata commands to implement the various automated methods.

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Working Papers
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NBER
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Ran Abramitzky
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We document that, in the early twentieth century, children of immigrants who were given more-foreign first names completed fewer years of schooling, earned less, and married less assimilated spouses. However, we find few differences in the adult outcomes of brothers with more/less foreign-sounding first names. This pattern suggests that the negative association between ethnic names and adult outcomes in this era does not stem from discrimination on the basis of first names but instead reflects household differences associated with cultural assimilation. We cannot rule out discrimination on the basis of other ethnic cues.

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Conference Memos
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AEA Papers and Proceedings
Authors
Ran Abramitzky
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BACKGROUND

Research has consistently identified firearm availability as a risk factor for suicide. However, existing studies are relatively small in scale, estimates vary widely, and no study appears to have tracked risks from commencement of firearm ownership.

METHODS

We identified handgun acquisitions and deaths in a cohort of 26.3 million male and female residents of California, 21 years old or older, who had not previously acquired handguns. Cohort members were followed for up to 12 years 2 months (from October 18, 2004, to December 31, 2016). We used survival analysis to estimate the relationship between handgun ownership and both all-cause mortality and suicide (by firearm and by other methods) among men and women. The analysis allowed the baseline hazard to vary according to neighborhood and was adjusted for age, race and ethnic group, and ownership of long guns (i.e., rifles or shotguns).

RESULTS

A total of 676,425 cohort members acquired one or more handguns, and 1,457,981 died; 17,894 died by suicide, of which 6691 were suicides by firearm. Rates of suicide by any method were higher among handgun owners, with an adjusted hazard ratio of 3.34 for all male owners as compared with male nonowners (95% confidence interval [CI], 3.13 to 3.56) and 7.16 for female owners as compared with female nonowners (95% CI, 6.22 to 8.24). These rates were driven by much higher rates of suicide by firearm among both male and female handgun owners, with a hazard ratio of 7.82 for men (95% CI, 7.26 to 8.43) and 35.15 for women (95% CI, 29.56 to 41.79). Handgun owners did not have higher rates of suicide by other methods or higher all-cause mortality. The risk of suicide by firearm among handgun owners peaked immediately after the first acquisition, but 52% of all suicides by firearm among handgun owners occurred more than 1 year after acquisition.

CONCLUSIONS

Handgun ownership is associated with a greatly elevated and enduring risk of suicide by firearm. (Funded by the Fund for a Safer Future and others.)

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New England Journal of Medicine
Authors
Jonathan Rodden
Number
2020
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Why is it so much easier for the Democratic Party to win the national popular vote than to build and maintain a majority in Congress? Why can Democrats sweep statewide offices in places like Pennsylvania and Michigan yet fail to take control of the same states' legislatures? Many place exclusive blame on partisan gerrymandering and voter suppression. But as political scientist Jonathan A. Rodden demonstrates in Why Cities Lose, the left's electoral challenges have deeper roots in economic and political geography.

In the late nineteenth century, support for the left began to cluster in cities among the industrial working class. Today, left-wing parties have become coalitions of diverse urban interest groups, from racial minorities to the creative class. These parties win big in urban districts but struggle to capture the suburban and rural seats necessary for legislative majorities. A bold new interpretation of today's urban-rural political conflict, Why Cities Lose also points to electoral reforms that could address the left's under-representation while reducing urban-rural polarization.

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Books
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Journal Publisher
Basic Books
Authors
Jonathan Rodden
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