In the beginning of the 1890s, counties located in the Cotton Belt of the American South were hit by an agricultural plague, the boll weevil, that adversely affected cotton production and hence the demand for labor. We use variation in the incidence of the boll weevil multiplied with counties’...

We examine the effect of genetic diversity on economic development in the United States. Our estimation strategy exploits that immigrants from different countries of origin differed in their genetic diversity and that these immigrants settled in different regions. Based on a sample of over 2250...

We exploit the introduction of free banking laws in US states during the 1837-1863 period to examine the impact of removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic stability in this period, we are able to isolate the...