Lecture 15

Rst look at producerslandowners then migration by

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Unformatted text preview: ties to calculate broader notion of incidence across factors. first look at producers/landowners, then migration by race. Land value is an asset price, so encapsulates forward looking expectations about returns. Suresh Naidu (Guest Lecture) Political Economy in the Post-Bellum U.S. South October 28, 2009 19 / 29 Results on Agricultural Producers Table 4: Effect of Disenfranchisement on Agricultural Production Panel A: Full Sample (1) Log(Farm Value) (2) Log(Value/Acre) (3) Log(Equip Value) 0.0707** (0.0327) 0.0727** (0.0308) 0.0134 (0.0401) 0.0640** (0.0322) ‐0.00370 (0.00384) 0.00790 (0.00531) 0.0676** (0.0291) Border Census Y Y Y Border Census Y Y Y Border Census Y Y Y Border Census Y Y Y Border Census Y Y Y Border Census Y Y Y Border Census Y Y Y 3828 3807 3825 3828 3828 3828 3828 Poll Tax + Literacy Test Sample Counties Years 1860 Controls Pair‐Year FE County FE N Suresh Naidu (Guest Lecture) (4) (5) (6) Log(Farms) Land Gini Fraction Imp Political Economy in the Post-Bellum U.S. South (7) Log(Farm Output) October 28, 2009 20 / 29 Effects on Workers Look at relative and absolute migration by race. Migration a forward-looking decision, like an investment Means that migration elasticity informative about welfare. Suresh Naidu (Guest Lecture) Political Economy in the Post-Bellum U.S. South October 28, 2009 21 / 29 Results on Migration Table 5: Effect of Disenfranchisement on Black and White Population Panel A: Full Sample (1) (2) Log(Fraction Black) Poll Tax + Literacy Test ‐0.0436* ‐0.0448* (0.0256) (0.0233) ‐0.0244 (0.0377) ‐0.0289 (0.0278) 0.0261 (0.0199) 0.0235 (0.0180) 0.0149 (0.0212) 0.0121 (0.0183) Border Census Y Y Y 0.246*** (0.0740) Border Census Y Y Y Border Census Y Y Y 0.994*** (0.100) Border Census Y Y Y Border Census Y Y Y 0.681*** (0.0548) Border Census Y Y Y Border Census Y Y Y 0.748*** (0.0517) Border Census Y Y Y 3826 3826 3826 3826 3828 3828 3828 3828 Log Pop(t‐10) Sample Counties Years 1860 Controls Pair‐Year FE County FE N Suresh Naidu (Guest Lecture) (3) (4) Log(Black Pop)...
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