Pudding, Plague and Education: trade and human capital formation in an agrarian economy

Pantelis Kammas (), Argyris Sakalis and Vassilis Sarantides

GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe from Hellenic Observatory, LSE

Abstract: During the late 19th century, the increasing popularity of pudding in England, along with the outbreak of phylloxera plague in French vineyards had an unintended effect in the agrarian economy of Greece. In particular, these events escalated the international demand and production of currants in Greece during the 1870s, causing an unprecedented positive shock that was transmitted through trade in the agricultural population. Using novel data from historical archives, we explore how this exogenous event affected investment towards human capital. Consistent with expectations, in an agrarian economy that specializes in unskilled labour-intensive agricultural goods, this shock had a negative effect on human capital formation.

Keywords: Education; Fertility; Agriculture; International Trade (search for similar items in EconPapers)
Date: 2021-10
New Economics Papers: this item is included in nep-agr, nep-gro, nep-his and nep-int
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Working Paper: Pudding, plague and education: trade and human capital formation in an agrarian economy (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:hel:greese:164

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