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The Economic History Review, Volume 69, Issue 3, August 2016


Decomposing income inequality in a backward pre-industrial economy: Old Castile (Spain) in the middle of the eighteenth century (pages 747–772) by Esteban A. Nicolini and Fernando Ramos Palencia

Communal property rights and land redistributions in Late Tsarist Russia (pages 773–800) by Steven Nafziger

Pestilence, poverty, and provision: re-evaluating the role of the popolani in early modern Venice (pages 801–822) by Ioanna Iordanou

Interlopers and disorderly brethren at the Stade Mart: commercial regulations and practices amongst the Merchant Adventurers of England in the late Elizabethan period (pages 823–843) by Thomas Leng

The Danish agricultural revolution in an energy perspective: a case of development with few domestic energy sources (pages 844–869) by Sofia Teives Henriques and Paul Sharp

The decline of an aristocratic stud: the stud of Edward Lord Harley, 2nd Earl of Oxford and Mortimer, at Welbeck (Nottinghamshire), 1717–29 (pages 870–892) by Peter Edwards

South Africa in the Australian mirror: per capita real GDP in the Cape Colony, Natal, Victoria, and New South Wales, 1861–1909 (pages 893–914) by Gary B. Magee, Lorraine Greyling and Grietjie Verhoef

Can public policies lower religiosity? Evidence from school choice in France, 1878–1902 (pages 915–944) by Raphaël Franck and Noel D. Johnson

The maintenance of bastard children in London, 1790–1834 (pages 945–971) by Samantha Williams

After us, the deluge: German miners’ experience with pay-as-you-go pensions and the intergenerational contract before the great inflation (pages 972–998) by Tobias A Jopp

Duplication without constraints: Álvarez-Nogal and Chamley’s analysis of debt policy under Philip II (pages 999–1006) by Mauricio Drelichman and Hans-Joachim Voth

Response to ‘Duplications’ by Drelichman and Voth (pages 1007–1013) by Carlos Clvarez-Nogal and Christophe P. Chamley

URL: http://onlinelibrary.wiley.com/doi/10.1111/ehr.2016.69.issue-3/issuetoc

Courtesy: Wiley online library

Impact of Affirmative Action in Higher Education for the Other Backward Classes in India

Rakesh Basant and Gitanjali Sen
W.P. No. 2016-07-01, July 2016
This paper measures the impact of quota-based affirmative action in higher education (HE) in India for Other Backward Classes (OBC), implemented from 2008. Since the immediate impact would be felt by OBCs who were eligible to go to college at the time of the implementation, we compare the differences in participation in HE by the younger (18-23 years) and the older (24-29 years) age groups within eligible OBCs, with similar differences in the general caste population. The same double difference is also compared across states with different histories of affirmative action to ascertain if there are regional variations in the impact of the policy, with the expectation that the impact would be higher in regions with no history of affirmative action. Our results from the Difference in Difference (DD) estimates based on National Sample Survey data for 2011-12 do not show a positive impact of the policy on the participation of OBCs. In fact, the impact seems to be negative in all regions, though statistically insignificant, except the East which lacks the long history of affirmative action. A comparison of the East without a long history of affirmative action with the South having a long history of such policy, using triple difference method, produces positive treatment effects, but the estimate loses statistical significance once we control for observable covariates. Our results suggest that the generalized nation-wide policy of this kind may not be relevant for issues which are more regional in nature.

The Economic Philosophy of Micro-Credit System

Sudhanshu K. MISHRA
Journal of Economic and Social Thought, Vol 3, No 2 (2016)
This paper aims at locating the practice of micro-credit system into a larger theoretical canvas of economic theory and philosophy. A systems theoretic approach has been adopted. Emergence of the ‘excluded’ class has been explained with the help of the theory of feedback. Individuals have been assumed to be myopic, local optimizer and bounded rational. In this context, the empirical experiences have been viewed and assessed as to their outcomes.
Courtesy: KSP journals


Gopal Saxena.


The Internet has evolved from a network of computers to a global social phenomenon. Once a medium that offered access only to a few, the smartphone and mobile network revolution has thrown it open to a much wider and more varied audience. In the process it is transforming itself from a place where people exchange information to a place where people conduct business as well. The convenience provided by online business transactions – e-commerce – is the reason why more and more users are turning to the Internet for their buying and selling. This is not only changing the face of retailing and rewriting the rules of the game but also throwing up new challenges to the legal, policy-making and taxation fraternity at a pace that they are ill-equipped to deal with. This paper presents some of the major conceptual characteristics of e-commerce and the legal and taxation challenges that arise therefrom. It then suggests the approach that could be adopted for tackling these legal and taxation issues.

URL: http://ijlt.in/wp-content/uploads/2015/09/Gopal-Saxena-4.pdf

Courtesy: IJLT

National Bureau of Economic Research Latest Working Papers during the week of August 22, 2016

The following NBER Working Papers were released in electronic format this week. Abbreviations in parentheses refer to NBER Research Programs. (visit http://www.nber.org/programs for Program information.)

1.  The Effects of School Desegregation on Mixed-Race Births by Nora Gordon, Sarah Reber #22480 (ED) http://papers.nber.org/papers/w22480?utm_campaign=ntw&utm_medium=email&utm_source=ntw

2.  Collective Intertemporal Choice: the Possibility of Time Consistency by Antony Millner, Geoffrey Heal #22524 (EEE PE POL) http://papers.nber.org/papers/w22524?utm_campaign=ntw&utm_medium=email&utm_source=ntw

3.  Life-Cycle Consumption Patterns at Older Ages in the US and the UK: Can Medical Expenditures Explain the Difference? by James Banks, Richard Blundell, Peter Levell, James P. Smith #22513 (AG) http://papers.nber.org/papers/w22513?utm_campaign=ntw&utm_medium=email&utm_source=ntw

4.  Can Natural Gas Save Lives? Evidence from the Deployment of a Fuel Delivery System in a Developing Country
by Resul Cesur, Erdal Tekin, Aydogan Ulker #22522 (DEV EEE HE) http://papers.nber.org/papers/w22522?utm_campaign=ntw&utm_medium=email&utm_source=ntw

5.  Technology and Production Fragmentation: Domestic versus Foreign Sourcing by Teresa C. Fort #22550 (ITI)

6.  Risk Preferences and The Macro Announcement Premium by Hengjie Ai, Ravi Bansal #22527 (AP EFG ME)

7.  How Rigged Are Stock Markets?: Evidence From Microsecond Timestamps by Robert P. Bartlett, III, Justin McCrary #22551 (AP CF  LE) http://papers.nber.org/papers/w22551?utm_campaign=ntw&utm_medium=email&utm_source=ntw

8.  Estimating Path Dependence in Energy Transitions by Kyle C. Meng #22536 (DAE EEE EFG PE) http://papers.nber.org/papers/w22536?utm_campaign=ntw&utm_medium=email&utm_source=ntw

9.  Measuring Institutional Investors’ Skill from Their Investments in Private Equity by Daniel R. Cavagnaro, Berk A. Sensoy, Yingdi Wang, Michael S. Weisbach #22547 (AP CF) http://papers.nber.org/papers/w22547?utm_campaign=ntw&utm_medium=email&utm_source=ntw

10.  Long-Term Orientation and Educational Performance by David Figlio, Paola Giuliano, Umut Ozek, Paola Sapienza #22541 (CH ED LS POL) http://papers.nber.org/papers/w22541?utm_campaign=ntw&utm_medium=email&utm_source=ntw

11.  Augmenting the Human Capital Earnings Equation with Measures of Where People Work by Erling Barth, James Davis, Richard B. Freeman #22512 (LS) http://papers.nber.org/papers/w22512?utm_campaign=ntw&utm_medium=email&utm_source=ntw

12.  Employment Effects of the ACA Medicaid Expansions by Pauline Leung, Alexandre Mas #22540 (LS PE) http://papers.nber.org/papers/w22540?utm_campaign=ntw&utm_medium=email&utm_source=ntw

13.  Estimating Currency Misalignment Using the Penn Effect: It’s Not as Simple As It Looks by Yin-Wong Cheung, Menzie Chinn, Xin Nong #22539 (IFM) http://papers.nber.org/papers/w22539?utm_campaign=ntw&utm_medium=email&utm_source=ntw

14.  Born with a Silver Spoon? Danish Evidence on Wealth Inequality in Childhood by Simon Halphen Boserup, Wojciech Kopczuk, Claus Thustrup Kreiner #22549 (CH LS PE) http://papers.nber.org/papers/w22549?utm_campaign=ntw&utm_medium=email&utm_source=ntw

15.  The Impact of Removing Tax Preferences for U.S. Oil and Natural Gas Productioeasuring Tax Subsidies by an Equivalent Price Impact Approach by Gilbert E. Metcalf #22537 (EEE PE) http://papers.nber.org/papers/w22537?utm_campaign=ntw&utm_medium=email&utm_source=ntw

16.  Price of Long-Run Temperature Shifts in Capital Markets by Ravi Bansal, Dana Kiku, Marcelo Ochoa #22529 (AP EEE EFG) http://papers.nber.org/papers/w22529?utm_campaign=ntw&utm_medium=email&utm_source=ntw

17.  Assessing Point Forecast Accuracy by Stochastic Error Distance by Francis X. Diebold, Minchul Shin #22516 (AP EFG) http://papers.nber.org/papers/w22516?utm_campaign=ntw&utm_medium=email&utm_source=ntw

18.  Trophy Hunting vs. Manufacturing Energy: The Price-Responsiveness of Shale Gas by Richard G. Newell, Brian C. Prest, Ashley Vissing #22532 (EEE IO) http://papers.nber.org/papers/w22532?utm_campaign=ntw&utm_medium=email&utm_source=ntw

19.  From Chronic Inflation to Chronic Deflation: Focusing on Expectations and Liquidity Disarray Since WWII by Guillermo A. Calvo #22535 (IFM ME) http://papers.nber.org/papers/w22535?utm_campaign=ntw&utm_medium=email&utm_source=ntw

20.  Do Hospital-Owned Skilled Nursing Facilities Provide Better Post-Acute Care Quality? by Momotazur Rahman, Edward C. Norton, David C. Grabowski #22515 (AG HC HE) http://papers.nber.org/papers/w22515?utm_campaign=ntw&utm_medium=email&utm_source=ntw

21.  Unintended Consequences of Rewards for Student Attendance: Results from a Field Experiment in Indian Classrooms by Sujata Visaria, Rajeev Dehejia, Melody M. Chao, Anirban Mukhopadhyay #22528 (CH DEV ED) http://papers.nber.org/papers/w22528?utm_campaign=ntw&utm_medium=email&utm_source=ntw

22.  The I Theory of Money by Markus K. Brunnermeier, Yuliy Sannikov #22533 (AP CF EFG IFM ME) http://papers.nber.org/papers/w22533?utm_campaign=ntw&utm_medium=email&utm_source=ntw

23.  Immunization and Moral Hazard: The HPV Vaccine and Uptake of Cancer Screening by Ali Moghtaderi, Avi Dor #22523 (HE) http://papers.nber.org/papers/w22523?utm_campaign=ntw&utm_medium=email&utm_source=ntw

24.  The Persistent Power of Behavioral Change: Long-Run Impacts of Temporary Savings Subsidies for the Poor by Simone Schaner #22534 (DEV) http://papers.nber.org/papers/w22534?utm_campaign=ntw&utm_medium=email&utm_source=ntw

25.  Cash Flow Duration and the Term Structure of Equity Returns by Michael Weber #22520 (AP) http://papers.nber.org/papers/w22520?utm_campaign=ntw&utm_medium=email&utm_source=ntw

26.  The Opportunity Costs of Entrepreneurs in International Trade by Timothy J. Kehoe, Pau S. Pujolas, Kim J. Ruhl #22514 (EFG ITI) http://papers.nber.org/papers/w22514?utm_campaign=ntw&utm_medium=email&utm_source=ntw

27.  Geographic Diversification and Banks’ Funding Costs by Ross Levine, Chen Lin, Wensi Xie #22544 (CF) http://papers.nber.org/papers/w22544?utm_campaign=ntw&utm_medium=email&utm_source=ntw

28.  The Pros and Cons of Sick Pay Schemes: Testing for Contagious Presenteeism and Noncontagious Absenteeism Behavior by Stefan Pichler, Nicolas R. Ziebarth #22530 (AG HC HE  LS PE) http://papers.nber.org/papers/w22530?utm_campaign=ntw&utm_medium=email&utm_source=ntw

29.  The More We Die, The More We Sell? A Simple Test of the Home-Market Effect by Arnaud Costinot, Dave Donaldson, Margaret Kyle, Heidi Williams #22538 (IFM ITI) http://papers.nber.org/papers/w22538?utm_campaign=ntw&utm_medium=email&utm_source=ntw

30.  The Marginal Propensity to Consume Over the Business Cycle by Tal Gross, Matthew J. Notowidigdo, Jialan Wang #22518 (LE) http://papers.nber.org/papers/w22518?utm_campaign=ntw&utm_medium=email&utm_source=ntw

31.  Are Publicly Insured Children Less Likely to be Admitted to Hospital than the Privately Insured (and Does it Matter)? by Diane Alexander, Janet Currie #22542 (CH HC HE) http://papers.nber.org/papers/w22542?utm_campaign=ntw&utm_medium=email&utm_source=ntw

32.  What Would it Take to Reduce US Greenhouse Gas Emissions 80% by 2050? by Geoffrey Heal #22525 (EEE)

33.  Attention Variation and Welfare: Theory and Evidence from a Tax Salience Experiment by Dmitry Taubinsky, Alex Rees-Jones #22545 (PE) http://papers.nber.org/papers/w22545?utm_campaign=ntw&utm_medium=email&utm_source=ntw

34.  The Rise in Life Expectancy, Health Trends among the Elderly, and the Demand for Care – A Selected Literature Review by Bjorn Lindgren #22521 (HE) http://papers.nber.org/papers/w22521?utm_campaign=ntw&utm_medium=email&utm_source=ntw

35.  Family Descent as a Signal of Managerial Quality: Evidence from Mutual Funds by Oleg Chuprinin, Denis Sosyura #22517 (LS) http://papers.nber.org/papers/w22517?utm_campaign=ntw&utm_medium=email&utm_source=ntw

36.  Human Capital Investments and Expectations about Career and Family by Matthew Wiswall, Basit Zafar #22543 (ED LS) http://papers.nber.org/papers/w22543?utm_campaign=ntw&utm_medium=email&utm_source=ntw

37.  Heterogeneous Frictional Costs Across Industries in Cross-border Mergers and Acquisitions by Bruce A. Blonigen, Donghyun Lee #22546 (ITI) http://papers.nber.org/papers/w22546?utm_campaign=ntw&utm_medium=email&utm_source=ntw

38.  Early Effects of the 2010 Affordable Care Act Medicaid Expansions on Federal Disability Program Participation by Pinka Chatterji, Yue Li #22531 (HE) http://papers.nber.org/papers/w22531?utm_campaign=ntw&utm_medium=email&utm_source=ntw

39.  Does Organizational Form Drive Competition? Evidence from Coffee Retailing by Brian Adams, Joshua Gans, Richard Hayes, Ryan Lampe #22548 (IO PR) http://papers.nber.org/papers/w22548?utm_campaign=ntw&utm_medium=email&utm_source=ntw

40.  Marketplace Plan Payment Options for Dealing with High-Cost Enrollees by Timothy J. Layton, Thomas G. McGuire #22519 (HC HE) http://papers.nber.org/papers/w22519?utm_campaign=ntw&utm_medium=email&utm_source=ntw

41.  How Do Voters Matter? Evidence from US Congressional Redistricting by Daniel B. Jones, Randall Walsh #22526 (LE PE POL) http://papers.nber.org/papers/w22526?utm_campaign=ntw&utm_medium=email&utm_source=ntw
Courtesy: NBER

Hitotsubashi Journal of Economics, Volume 57, Issue 1; 2016,


Capacity Constraint, Merger Paradox And Welfare-Improving Pro-Merger Policy by Dong, Baomin & Guo, Guixia & Qian, Xiaolin & Wang, Frank Yong

Price Discrimination Through Group Buying by Wu, Chien-Wei & Chiu, Hsien-Hung

Merger Simulation In An Open Economy by Choi, Jay Pil & Nahm, Jae

The Income Penalty Of Vertical And Horizontal Education-Job Mismatches In The Korean Youth Labor Market: A Quantile Regression Approach by Kim, Hong-Kyun & Ahn, Seung C. & Kim, Jihye

A Note On Envy And Earnings Inequality Under Limited Liability Contracts by Choi, Kangsik

Testing For Linearity In Regressions With I(1) Processes by Arai, Yoichi

URL :https://ideas.repec.org/s/hit/hitjec.html

Courtesy: ideas.repec

Economic and Political Weekly, Vol. 51, Issue No. 33, 13 Aug, 2016


H T Parekh Finance Column


Brexit Effect

Book Reviews


Special Articles




Information Updates

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