2020/04/30 by Thomas Keywood, Jörg Baten · 1 citation
Social Sciences · Economics, Econometrics and Finance · #Culture, Economy, and Development Studies #Historical Economic and Social Studies #Experimental Behavioral Economics Studies
paper · pdf · doi:10.1007/s11698-020-00206-1
openalex publication_date 2020/04/30 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/31
Abstract Our research expands earlier studies on elite human capital by widening the geographic scope and tracing the early roots of the European divergence. We present new evidence of elite numeracy in Europe since the sixth century CE. During the early medieval period, Western Europe had no advantage over the east, but the development of relative violence levels changed this. After implementing an instrumental variable strategy and a battery of robustness tests, we find a substantial relationship between elite numeracy and elite violence, and conclude that violence had a detrimental impact on human capital formation. For example, the disparities in violence between Eastern and Western Europe helped to shape the famous divergence movement via this elite numeracy mechanism and had substantial implications for the economic fortunes of each region over the following centuries.