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From Farmers to Merchants: A Human Capital Interpretation of Jewish Economic History

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Author Info
Botticini, Maristella
Eckstein, Zvi

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Abstract

Since the Middle Ages the Jews have been engaged primarily in urban, skilled occupations, such as crafts, trade, finance and medicine. This distinctive occupational selection occurred between the seventh and the ninth centuries in the Muslim Empire and spread to other locations. We argue that this transition was the outcome of the widespread literacy among Jews prompted by an educational reform in the first century CE. Based on the growing nexus between education and Judaism in the first half of the millennium, we build a model in which Jewish men choose education, occupation, religion and location. The model predicts that when urbanization expands (as it did in the Muslim Empire), Jews move to new cities due to their comparative advantage in urban, skilled occupations. Furthermore, before urbanization a proportion of Jewish farmers are predicted to convert to other religions. The predictions of the model regarding conversions, migrations and reduction in the size of the Jewish population are consistent with historical evidence from the first millennium provided by historians. Hence, our study presents evidence for the long-term economic implications of changes in social norms.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 3718.

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Date of creation: Jan 2003
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Handle: RePEc:cpr:ceprdp:3718

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Related research
Keywords: first millenium; human capital; jewish economic history; migration; occupational choice; religion; social norms;

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Find related papers by JEL classification:
J10 - Labor and Demographic Economics - - Demographic Economics - - - General
J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
N30 - Economic History - - Labor and Consumers, Demography, Education, Income, and Wealth - - - General, International, or Comparative
O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General

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  1. Botticini, Maristella & Eckstein, Zvi, 2004. "Jewish Occupational Selection: Education, Restrictions, or Minorities?," IZA Discussion Papers 1224, Institute for the Study of Labor (IZA). [Downloadable!]
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