On Thursday, July 19, noon-14 pm, Sheilagh Ogilvie from the University of Cambridge will be the speaker of the Research Seminar in Economics. She will present her research paper on "Was Domar Right? Serfdom and Factor Endowments in Bohemia" at Kaminzimmer (room 202), Boltzmannstraße 20, Berlin-Dahlem.
Do factor endowments explain serfdom? Domar (1970) conjectured that high land-labor ratios caused serfdom by increasing incentives to coerce labor. But historical evidence is mixed and quantitative analyses are lacking. Using the Acemoglu-Wolitzky (2011) framework and controlling for political economy variables by studying a specific serf society, we analyze 11,349 Bohemian serf villages in 1757. The net effect of higher land-labor ratios was indeed to increase coercion. The effect greatly increased when animal labor was included, and diminished as land-labor ratios rose. Controlling for other variables, factor endowments significantly influenced serfdom. Institutions, we conclude, are shaped partly by economic fundamentals.
For more information on the program of the Economic Research Seminar please follow this link.
Jul 19, 2018 | 12:15 PM - 01:45 PM