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Structural Change and the Fertility Transition

The Review of Economics and Statistics 2020 102(4), 806-822 open access
This paper provides new insights into the relationship between structural change and the fertility transition. We exploit the spread of an agricultural pest in the American South in the 1890s as plausibly exogenous variation in agricultural production to establish a causal link between earnings opportunities in agriculture and fertility. Households staying in agriculture reduced fertility because children are a normal good, while households switching to manufacturing reduced fertility because of the higher opportunity costs of raising children. The lower earnings opportunities in agriculture also decreased the value of child labor, which increased schooling, consistent with a quantity-quality model of fertility.

Killer Incentives: Rivalry, Performance and Risk-Taking among German Fighter Pilots, 1939–45

Review of Economic Studies 2022 89(5), 2257-2292
Using newly collected data on death rates and aerial victories of more than 5,000 German fighter pilots during World War II, we examine the effects of public recognition on performance and risk-taking. When a particular pilot is honoured publicly, both the victory rate and the death rate of his former peers increase. Fellow pilots react more if they come from the same region of Germany, or if they worked closely with him. Our results suggest that personal rivalry can be a prime motivating force, and that non-financial rewards can lead to a crowd-in of both effort and risk-taking via social connections.

The Intergenerational Effects of a Large Wealth Shock: White Southerners after the Civil War

American Economic Review 2021 111(11), 3767-3794 open access
The nullification of slave wealth after the US Civil War (1861–1865) was one of the largest episodes of wealth compression in history. We document that White Southern households that owned more slaves in 1860 lost substantially more wealth by 1870, relative to Southern households that had been equally wealthy before the war. Yet, their sons almost entirely recovered from this wealth shock by 1900, and their grandsons completely converged by 1940. Marriage networks and connections to other elite families may have aided in recovery, whereas transmission of entrepreneurship and skills appear less central.

How the Other Half Died: Immigration and Mortality in U.S. Cities

Review of Economic Studies 2024 91(1), 1-44
Fears of immigrants as a threat to public health have a long and sordid history. At the turn of the 20th century, when immigrants made up one-third of the population in crowded American cities, contemporaries blamed high urban mortality rates on the newest arrivals. We evaluate how the implementation of country-specific immigration quotas in the 1920s affected urban health. Cities with larger quota-induced reductions in immigration experienced a persistent decline in mortality rates, driven by a reduction in deaths from infectious diseases. The unfavourable living conditions immigrants endured explains the majority of the effect as quotas reduced residential crowding and mortality declines were largest in cities where immigrants resided in more crowded conditions and where public health resources were stretched thinnest.

School Closures during the 1918 Flu Pandemic

The Review of Economics and Statistics 2024 106(1), 266-276 open access
During the 1918–1919 influenza pandemic, many local authorities made the controversial decision to close schools. We use newly digitized data from newspaper archives on the length of school closures for 165 large U.S. cities during the 1918–1919 flu pandemic to assess the long-run consequences of closing schools on children. We find that the closures had no detectable impact on children's school attendance in 1920, nor on their educational attainment and adult labor market outcomes in 1940. We highlight important differences between the 1918–1919 and COVID-19 pandemics and caution against extrapolating from our null effects to modern-day settings.