Was Domar Right? Serfdom and Factor Endowments in Bohemia
Are institutions shaped by factor endowments? Labour-coercion institutions such as serfdom and slavery were ascribed by Domar to high land-labour ratios. But historical evidence appeared to refute this hypothesis. We analyze the relationship between factor proportions and serfdom using data for over eleven thousand serf villages in eighteenth-century Bohemia (the Czech lands). We hold constant political-economy variables by analyzing a specific serf society, and also control for village and estate characteristics that may have obscured the impact of factor endowments in previous studies. The net effect of higher land-labour ratios, we find, was to increase labour coercion. The impact intensified when landlords extracted labour in human-animal teams, and diminished as land-labour ratios rose. Outside options in the urban sector exerted no effect. Controlling for other factors, we conclude, institutions are indeed partly shaped by economic fundamentals.
Date:
11 May 2021, 17:00 (Tuesday, 3rd week, Trinity 2021)
Venue:
Held on Zoom
Speaker:
Sheilagh Ogilvie (with Alexander Klein and Jeremy Edwards) (University of Oxford)
Organising department:
Department of Economics
Part of:
Economic and Social History Seminar
Booking required?:
Not required
Audience:
Members of the University only
Editor:
Melis Clark
