Abstract This study aims to identify factors contributing to price fluctuations in artworks after an artist’s death. With access to information on seller characteristics from a historical dataset of all art auctions that took place in London between 1741 and 1913, we in...

This paper defends the use of quasi-experiments for causal estimation in economics against the widespread objection that quasi-experimental estimates lack external validity. The defence is that quasi-experimental replication of estimates can yield defeasible evidence fo...

AbstractThis paper adds to a growing literature that charts and explains inequality levels in pre-industrial societies. On the basis of a wide variety of primary documents, the degree of inequality is estimated for 32 different residencies, the largest administrative un...

In this paper, we deal with two problems in Japanese-English machine translation of news articles. The first problem is the quality of parallel corpora. Neural machine translation (NMT) systems suffer degraded performance when trained with noisy data. Because there is n...

ABSTRACTWe construct a database, with global coverage, that provides measures of the cultural and environmental characteristics of the pre-industrial ancestors of the world’s current populations. In this paper, we describe the construction of the database, including the...

Abstract In the winter 2011/12, a wave of internal capital flight prompted the ECB to abandon its exit strategy and announce an unprecedented monetary expansion. We analyze this episode in several dimensions: (i) we provide an event-study analysis, covering key variable...

This paper investigates the relationship between the capital share in national income and personal income inequality over the long run. Using a new historical cross-country database on capital shares in 19 countries and data from the World Wealth and Income Database, we...

The importance of evolutionary forces for comparative economic performance across societies has been the focus of a vibrant literature, highlighting the roles played by the Neolithic Revolution as well as the prehistoric “out of Africa” migration of anatomically modern...

Harold Hotelling’s work, from natural resources economics to optimal taxation, and from spatial to welfare economics, was deeply influenced by his Georgist affiliation and by a Georgist game that we now call Monopoly, which at the time was known as the Landlord’s Game. ...

Abstract This paper contributes to a growing literature on long-term trends and drivers of pre-industrial inequality by providing new stylized facts on the evolution of income inequality in Ghana from 1891 to 1960. Using newly constructed social tables, we estimate the ...