The Price of Housing in the United States, 1890–2006
13/03/2026
Abstract: We construct the first annual market rent and home sales price series for American cities over the twentieth century using 2.7 million newspaper real
Welcome to our archive of working papers, articles and monographs written by CEPH members.
This collection encompasses an array of themes and represents the cutting edge of the economic history discipline.
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Abstract: We construct the first annual market rent and home sales price series for American cities over the twentieth century using 2.7 million newspaper real
Abstract: In this paper, we examine the transplantation of British company law into the Cape Colony in the late nineteenth century. The Cape Colony Companies
Abstract: We argue that measurement error in historical price data has led researchers to erroneously believe that there was little persistence of inflation during the
Abstract: This paper investigates the causal effects of sovereign debt crises in a sample of 50 defaulting economies between 1870 and 2010. As default is
Abstract: Speculation has long been thought to have significant economic effects, but it is difficult to measure, making it challenging to examine these effects empirically.
Abstract: Gerschenkron (1962) argued that public institutions such as the State Bank of the Russian Empire spurred the country’s industrialization. We test this assertion by
Abstract: An influential strand of literature within economics and economic history called ‘persistence studies’ argues that low material living standards in African countries today were
Abstract: Civil registration of vital statistics was introduced in Ireland in 1864, yet historians have often viewed the resulting data as unreliable due to weak
Abstract: Substantial amounts of British capital flowed to Latin America during the first era of globalisation. Companies financed by this capital were typically headquartered in
Abstract: In 1794, the British State intervened in the patent system by introducing the Navy proviso, a legal proviso targeted at select patents compelling the
Abstract: We examine how the design of the patent system shapes firms’ access to finance. We exploit a UK reform that introduced substantive examination into
The CEOs of Britain’s largest companies wield immense power, but we know very little about them. How did they get to the top? Why do
Abstract: We study the short- and long-term effects of affirmative action policies in the context of China. During imperial China, official positions were awarded to
Abstract: Based on new aggregated data on initial and seasoned equity offerings (IPOs and SEOs) on the Berlin Stock Exchange before the First World War
Abstract: We examine the accessibility and functioning of the patent system in the United Kingdom of the Netherlands, a state that existed between 1815 and
Summary: Artificial intelligence (AI) heralds societal changes that could rival those associated with past transformational general-purpose technologies, such as metallurgy, the steam engine, electricity, and
Abstract: In the German Empire, corporations almost always paid a dividend to their shareholders. Dividends have been cut or increased in line with the development
Summary: We study the health impact of the Great Irish Famine by comparing cohorts born during the Famine with those born immediately before and immediately
Abstract: This chapter examines the role of religion in economic development, both historically and today. Religion’s influence varies globally, with high religiosity in countries like
Abstract: The quality of age reporting in Ireland worsened in the years after the 1845–1852 Great Irish Famine, even as measures of educational attainment improved.
Abstract: The costs, benefits, and ethical considerations regarding animal welfare are a central element in modern capitalist agriculture, yet systematic quantitative historical insights are lacking.
Abstract: Studies of colonialism often associate indirect colonial rule with continuity of the precolonial institutions. Yet, we know less about how colonialism affected the distribution
Abstract: A large literature argues that resource constraints inhibit human capital accumulation. We test this hypothesis using the introduction of the Old Age Pension in
Abstract: City size and growth are the subject of a substantial literature in economic geography and urban economics, but consensus remains elusive on the extent
Abstract: Attempts to measure social mobility before the twentieth century are frequently hampered by limited data. In this paper, we use a new source –
Abstract: Why do we choose one language over another? Rival views see language frontiers as exogenous, driven by policy, or endogenous, determined by social, cultural
Abstract: Industrial policies, such as infrastructure investments and export tariffs, affect the allocation of labor and incomes across sectors, attracting substantial lobbying efforts by special
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