In the 1882-1930 south, a 1sd decrease in the price of cotton was associated with a .09-.16sd increase in lynchings http://sites.bu.edu/neudc/files/2014/10/paper_234.pdf …
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Replying to @bswud
Author says results consistent with model where extra lynchings improves labour market outcomes for whites by scaring blacks away
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Replying to @bswud
I'd be interested to see whether lynchings were a substitute to judicial punishment or came in addition to it, paper points both ways
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