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Closing time : the local equilibrium effects of prohibition
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Howard, Greg and Ornaghi, Arianna (2021) Closing time : the local equilibrium effects of prohibition. Journal of Economic History, 81 (3). pp. 792-830. doi:10.1017/S0022050721000346 ISSN 0022-0507.
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Official URL: https://doi.org/10.1017/S0022050721000346
Abstract
How do different local policies in a federal system affect local land values, production, and sorting? We study the question exploiting a large historical policy change: U.S. Alcohol Prohibition in the early twentieth century. Comparing same- state early and late adopters of county dry laws in a difference-in-differences design, we find that early Prohibition adoption increased population and farm real estate values. Moreover, we find strong effects on farm productivity consistent with increased investment due to a land price channel. In equilibrium, the policy change disproportionately attracted immigrants and African-Americans.
| Item Type: | Journal Article | ||||||||
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| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HV Social pathology. Social and public welfare |
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| Divisions: | Faculty of Social Sciences > Economics | ||||||||
| Library of Congress Subject Headings (LCSH): | Prohibition -- United States, Liquor laws -- United States, Prohibition -- Economic aspects -- United States, Labor productivity -- United States | ||||||||
| Journal or Publication Title: | Journal of Economic History | ||||||||
| Publisher: | Cambridge University Press | ||||||||
| ISSN: | 0022-0507 | ||||||||
| Official Date: | September 2021 | ||||||||
| Dates: |
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| Volume: | 81 | ||||||||
| Number: | 3 | ||||||||
| Page Range: | pp. 792-830 | ||||||||
| DOI: | 10.1017/S0022050721000346 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Reuse Statement (publisher, data, author rights): | This article has been accepted for publication in a revised form for publication in Journal of Economic History https://www.cambridge.org/core/journals/journal-of-economic-history | ||||||||
| Access rights to Published version: | Restricted or Subscription Access | ||||||||
| Copyright Holders: | © The Economic History Association 2021 | ||||||||
| Date of first compliant deposit: | 15 April 2021 | ||||||||
| Date of first compliant Open Access: | 15 April 2021 | ||||||||
| RIOXX Funder/Project Grant: |
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