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What was the degree of Brazil's regional inequality in living standards during the first decades of the 20th century? This paper presents municipal and state information on wages and prices in order to build welfare ratios for skilled and unskilled workers between 1912 and 1940. Despite the significant differences in nominal wages and costs of living throughout the country, real wage differentials remained lower than those estimated by earlier studies. Williamson (1999) argued that real wages in the Southeast were approximately six times higher than in the Northeast during the 1930s. The new evidence in this paper suggests that wages were on average only 1.5 times higher.
Using the coefficient of variations for heights, this paper examines the evolution of net nutrition inequality in Argentina from 1875 to 1950. It uses various samples of recruits and soldiers, previously gathered by the author. Evidence points to two important findings: (a) export-led growth led to stable or declining net-nutrition inequality; while import-substituting industrialisation generated significant net nutrition inequality; and (b) the highest levels of inequality in net nutrition took place during this latter phase in large urban, industrialised areas.
The global financial crisis in 2008 brought central banking to the centre stage, prompting questions about the role of national central banks and - in Europe - of the multi-country European Central Bank. What can central banks do, and what are their limitations? How have they performed? Currency, Credit and Crisis seeks to provide a coherent perspective on the functions of a central bank in a small country by assessing the way in which Ireland's financial crisis from 2010 to 2013 was handled. Drawing on his experiences as Governor of the Central Bank of Ireland and in research and policy work at the World Bank, Patrick Honohan offers a detailed analytical narrative of the origins of the crisis and of policy makers' conduct during its most fraught moments.
This paper deals with the permanent existence of deliberate fertility control arising from short-term economic stress among rural farm workers. The micro-level analysis uses the family reconstitution method for ten rural Spanish localities. The husband's socio-economic level is regarded as an indicator of the family's socio-economic status. According to the available data, human agency between 1801 and 1909 resulted in a negative fertility response among all farm groups, with this negative response being especially strong among the landless and semi-landless. The existence of a rapid fertility control response suggests that such control was a voluntary decision. Since the end of the 19th century, the number of economic shocks due to high prices has reduced.
This paper explores the relationship between the physical stature of Colombians born during the 20th century and several socio-economic and demographic variables. Using a dataset of more than 225,000 individuals built with information from judicial background certificates, we found a sustained growth of the average height of women and men during the 20th century. The results show significant differences in stature according to gender, level of education, occupation, and place and date of birth. Similarly, health conditions and access to aqueducts significantly affect height. We found that departmental average height disparities decreased and the gap across regions closed throughout the century.
This paper analyses economic interaction in Castilla del Oro (Panama) at the beginning of the 16th century. By applying network analysis to fiscal records, the paper reconstructs, represents and tests business networks in the mining sector and how they became more complex with the arrival of emigrants and the appearance of new gold deposits. Results show a dynamic population with a high mobility degree despite the adverse geography and the inexistent communications.
Using data from two national surveys (ENSA, 2000; ENSANUT, 2006) we assess the evolution of biological standards of living of the Mexican population born during the second half of the 20th century. Our results show that there was an improvement in living standards reflected in an increase in stature, but this amelioration was limited. We observe differences across socio-economic strata, across educational levels, and between men and women. Persistent structural inequality has been byproduct of a system of security and social protection that was limited, segmented and hampered the potentially positive effects of social-welfare policies. We corroborate the relatively modest improvement in heights by comparing outcomes in Mexico with other Latin American countries.
This paper addresses the relationship between the development of the concepts of autarky and «economy of the extended space» in the German-speaking world and the framing of economic relations between Germany and Brazil in the 1930s. According to this «autarkic» way of conceiving economics, in order to thrive, an economy has to be autonomous regarding its supply of necessary inputs. Proposals presented in the Annual Reports transmitted to the German Foreign Office by German diplomatic representatives in Brazil encouraged, for example, the negotiation of bilateral trade agreements and the expansion of the Brazilian production of strategic inputs for Germany. The choice of Karl Ritter, an expert in economic matters, as ambassador to Brazil is also representative of this strategy.
This paper examines educational inequality in nine Latin American countries at the sub-country level from the 1950s to the 1990s. Educational inequality is measured by the difference in schooling years between the taller and the shorter half of the female population. Schooling years significantly increased across birth cohorts, especially before the 1980s, regardless of socio-economic stratum, region or country. However, educational inequality persisted. This finding reflects the achievement of the import substitution industrialisation era in educational development and its failure in mitigating the unequal distribution of education rooted in Latin America's social structure. Trade liberalisation and educational expansion are found to reduce educational inequality in capital and urban regions, whereas democracy and tax reform increased it. By contrast, educational inequality in rural regions was hardly influenced by policy changes. This finding urges future explorations into whether the persistence of educational inequality in rural regions is due to endemic social structure.
The grain trade was subject to far-reaching regulation in most of Europe. The Dutch provinces were among to first to embrace free trade in grain. This chapter explains why free trade was desired and discusses early theoretical discussions of the advantages of a free grain trade, with particular attention to the work of Dirk Grasswinckel.
This chapter introduces a new system of bread price regulation introduced in the Dutch towns in the 1590s. It shows the technical superiority of the new system and explains why it was introduced. It explores the types of information needed to implement the new system and how the price commissioners went about their work. The chapter concludes with an analysis of the first theoretical work on the "science" of bread price regulation.
This chapter focuses specifically on the level and compositon of bread consumption, and its evolution under the new regulatory regime. It offfers estimates of per capita consumption and the relative place of wheat and rye breads over the period 1580-1913. Special attention is paid to consumer behavior in the face of the changing structure of bread prices revealed in Ch. 9. The choices of Dutch consumers are compared to those of neigbhoring countries, which reveals a long-term "wheat bread revolution" in northwestern Europe. Per capita bread consumption declined, but, simultanelously, the costlier white bread rose to achieve a dominant place in the diet.
Grain milling in the Netherlands was subject to far-reaching regulation in order to prevent tax evasion. This chapter shows how regulation limited efficiency in milling operations but led to industrial concentration, which achieved economies of scale. Millers' earnings were also regulated and this chapter estimates average earnings in this sector.
The new regulatory regime introduced by the Dutch required detailed information about bakery operations and production costs. This chapter examines how regulators determined the constant costs of bakery operations. Regulatory practice was alert to constant costs, but could not accurately estimate fixed costs. Regulation faced a trade-off between seeking low costs via large-scale production and convenient access to bakeries, which required the survival of small bakeries. These trade-offs were handled differently in the urban west than in the more rural east of the country. Regulatory behavior is examined from the perspective of the theory of "regulatory capture" and the economic functions of guilds. Finally, the average earnings of bakeries are estimated in order to test whether regulation served to enrich the regulated, as predicted by the theory.
In this chapter bread is placed in the context of the Dutch diet and its evolution across the early modern centuries. Three approaches to the food consumption practices of pre-industrial societies are introduced, and their adequacy assessed for the Dutch case. A "republican diet" is described on the basis primarily of orphanage feeding practices. The variety of the diet and the evolving place of bread are emphasized. Finally, the place of bread substitutes, especially the potato is assessed. The rise of the potato appears not to have occurred at the expense of bread consumption.
This chapter explores a series of practical problems that faced bread price regulators in the Netherlands, including the monitoring of weights, enforcement in rural areas, the extent of home baking, speculating on future grain prices, and the challenge of tailoring prices to the supply of small coins.