{"title":"The economic functions of extrajudicial violence in the Jim Crow South","authors":"Mark Stelzner , William Darity Jr.","doi":"10.1016/j.eeh.2025.101735","DOIUrl":"10.1016/j.eeh.2025.101735","url":null,"abstract":"<div><div>In this paper, we analyze the direct economic functions of White-on-Black violence in the Jim Crow South. As we will see, White-on-Black violence was used to control Black labor and to seize gains made by Black agriculturalists. We find that White-on-Black lynchings during the pre-harvest period were used by White landlords to increase the total amount of man-hours expended by Black sharecroppers. We also find that the occurrence of one or more White-on-Black lynchings in a given county is associated with a 1.9 percent decrease in Black landownership in the same county in each of the three years following said lynching, and we find that the 1912 Forsyth Massacre and the 1906 Atlanta Massacre had even larger effects. Given the high frequency of White-on-Black violence in the Jim Crow South, the impact on Black labor and the cumulative effect on Black landownership and town and city property were huge.</div></div>","PeriodicalId":47413,"journal":{"name":"Explorations in Economic History","volume":"99 ","pages":"Article 101735"},"PeriodicalIF":1.7,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145657194","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Missing markets. Microstructure and liquidity on the London Stock Exchange","authors":"Rui Esteves , Gabriel Geisler Mesevage","doi":"10.1016/j.eeh.2025.101736","DOIUrl":"10.1016/j.eeh.2025.101736","url":null,"abstract":"<div><div>This paper studies the behavior of specialist dealers operating in the London Stock Exchange in the 1870s. The LSE was a free-entry exclusive dealers market, where dealers were free to choose which securities to deal in. We show that dealers concentrated their market making in the most liquid securities. A combination of adverse selection and inventory costs prevented the development of liquid markets in most securities, with dealers opting instead to provide matchmaking services. Our results call for a reappreciation of the liquidity of the London market and offer a new interpretation of stylized facts about the Victorian investor behavior.</div></div>","PeriodicalId":47413,"journal":{"name":"Explorations in Economic History","volume":"99 ","pages":"Article 101736"},"PeriodicalIF":1.7,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145785796","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Can the Great Compression be explained by Wartime Wage Controls?","authors":"Chris Vickers , Nicolas L. Ziebarth","doi":"10.1016/j.eeh.2025.101691","DOIUrl":"10.1016/j.eeh.2025.101691","url":null,"abstract":"<div><div>The wage controls of the National War Labor Board (NWLB) have been credited with contributing to the decline in income inequality from 1940 to 1950 that occurred along many different dimensions including across regions and occupations. We calculate an upper bound for the effect of the NWLB during this decade by assuming the controls were maximally binding. At the upper bound, the controls could explain an important fraction of cross-region convergence, but they likely had little effect on inequality between occupations. Moreover, because of sorting by race and education into occupations, the controls cannot explain much of the narrowing of the educational skill premium nor the racial gap. We conclude that the controls are not a “one size fits all” explanation for the Great Compression.</div></div>","PeriodicalId":47413,"journal":{"name":"Explorations in Economic History","volume":"98 ","pages":"Article 101691"},"PeriodicalIF":2.6,"publicationDate":"2025-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144515917","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Marco Martinez , Alessandro Nuvolari , Michelangelo Vasta
{"title":"Rails of Progress? Exploring the nexus between railroad access and innovation in Italy (19th-20th centuries)","authors":"Marco Martinez , Alessandro Nuvolari , Michelangelo Vasta","doi":"10.1016/j.eeh.2025.101718","DOIUrl":"10.1016/j.eeh.2025.101718","url":null,"abstract":"<div><div>This paper provides new evidence on the nexus between railroads and inventive activities in Italy in the period 1861–1936. We develop two new georeferenced datasets on railroad stations and patents covering about 8,000 municipalities. By adopting a staggered difference in differences identification strategy, we show that the impact of railroad construction on innovation is noticeable for the first wave of construction of the period of the <em>Destra storica</em> (1861–1878), when the network was expanded following a state building strategy. However, these effects became noticeable only after two decades and concern mostly independent inventors and low-quality patents. Finally, we show that railroad access fostered innovation, particularly in locations with more advanced pre-existing capabilities.</div></div>","PeriodicalId":47413,"journal":{"name":"Explorations in Economic History","volume":"98 ","pages":"Article 101718"},"PeriodicalIF":1.7,"publicationDate":"2025-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145324309","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Catholicism in early 20th century China: A re-examination","authors":"Ningning Ma , Yiling Zhao","doi":"10.1016/j.eeh.2025.101719","DOIUrl":"10.1016/j.eeh.2025.101719","url":null,"abstract":"<div><div>The impact of Catholic missions on modern China’s development remains understudied, unlike that of their Protestant counterparts. This gap in research stems from not only the influence of Weber’s Protestant-ethic thesis but also practical research barriers, as Catholic mission locations are often recorded at sub-county levels or using non-standardized Romanization. This paper introduces two methods to improve geocoding in such cases: cross-referencing local gazetteers and developing a phonetic cross-walk to standardized Romanization. While using publicly available GIS data locate only 47.4% of church sites, our method can be used to identify an additional 39.6% of these sites. This enhanced precision enables a re-interpretation of Catholic missions’ impact in modern China, particularly in comparison with Protestant missions.</div></div>","PeriodicalId":47413,"journal":{"name":"Explorations in Economic History","volume":"98 ","pages":"Article 101719"},"PeriodicalIF":1.7,"publicationDate":"2025-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145465702","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Credibility is not enough: Fiscal monetization and currency depreciation in early-modern Venice","authors":"Donato Masciandaro , Davide Romelli , Stefano Ugolini","doi":"10.1016/j.eeh.2025.101716","DOIUrl":"10.1016/j.eeh.2025.101716","url":null,"abstract":"<div><div>This paper focuses on an early unique experiment of managed float of State-issued money, implemented in Venice between 1619 and 1666. Building on a new hand-collected database from a previously unused archival source, we show that, despite the Venetian Banco ducat’s status as an international currency and the government’s fiscal credibility, the exchange rate was directly and significantly affected by episodes of automatic government deficit monetization during the crises of 1629-31 and 1648-50. This suggests that a contingent commitment regime in which government-managed fiat money mimics a convertible currency can be effective, but is very sensitive to the time-consistency of the monetary-fiscal policy mix.</div></div>","PeriodicalId":47413,"journal":{"name":"Explorations in Economic History","volume":"98 ","pages":"Article 101716"},"PeriodicalIF":1.7,"publicationDate":"2025-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144898840","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Kasey Buckles , Adrian Haws , Joseph Price , Haley E.B. Wilbert
{"title":"Breakthroughs in historical record linking using genealogy data: The Census Tree project","authors":"Kasey Buckles , Adrian Haws , Joseph Price , Haley E.B. Wilbert","doi":"10.1016/j.eeh.2025.101717","DOIUrl":"10.1016/j.eeh.2025.101717","url":null,"abstract":"<div><div>The Census Tree is the largest-ever database of record links among the historical U.S. censuses, with over 700 million links for people living in the United States between 1850 and 1940. To create the Census Tree, we begin with a collection of high-quality links contributed by the users of a free online genealogy platform, many of which would be difficult or impossible to find using currently available linking technologies. We then use these links as training data for a machine learning algorithm to make new matches, and incorporate other recent efforts to link the historical U.S. censuses. Finally, we introduce a procedure for filtering the links and adjudicating disagreements. Our complete Census Tree achieves match rates across adjacent censuses that are between 69 and 86 % for men and between 58 and 79 % for women—a major breakthrough compared to previous linking efforts. The size of the Census Tree allows researchers in the social sciences and other disciplines to construct longitudinal datasets that are highly representative of the population. We validate the accuracy of these links and provide researchers with a simple tool for choosing their preferred tradeoff between sample size and accuracy. To demonstrate the advantages of the Census Tree, we extend the work of Abramitzky, Boustan, Jácome, and Pérez (2021) to include intergenerational mobility estimates for additional immigrant nationalities and for women.</div></div>","PeriodicalId":47413,"journal":{"name":"Explorations in Economic History","volume":"98 ","pages":"Article 101717"},"PeriodicalIF":1.7,"publicationDate":"2025-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145181192","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Education and wartime mobilization: Evidence from colonial Korea during WWII","authors":"Yutaro Izumi , Sangyoon Park","doi":"10.1016/j.eeh.2025.101712","DOIUrl":"10.1016/j.eeh.2025.101712","url":null,"abstract":"<div><div>This study examines the effect of colonial education on the mobilization of Koreans during World War II. Considering an educational expansion policy that doubled the number of public primary schools in Korea, we employ a difference-in-differences strategy that exploits cross-regional variations in the expansion of primary schools and cross-cohort variations in exposure to school expansion. We show that the expansion of public primary education significantly increased the military mobilization of Koreans. Exploiting the design of the expansion policy, we use an instrumental variable approach and show that the results remain qualitatively unchanged. We discuss several potential mechanisms underlying our findings.</div></div>","PeriodicalId":47413,"journal":{"name":"Explorations in Economic History","volume":"98 ","pages":"Article 101712"},"PeriodicalIF":1.7,"publicationDate":"2025-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144779364","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Introduction to special issue of explorations in economic history on wealth and income inequality around the world","authors":"","doi":"10.1016/j.eeh.2025.101713","DOIUrl":"10.1016/j.eeh.2025.101713","url":null,"abstract":"","PeriodicalId":47413,"journal":{"name":"Explorations in Economic History","volume":"98 ","pages":"Article 101713"},"PeriodicalIF":1.7,"publicationDate":"2025-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144898850","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}