Slave Escape, Prices, and the Fugitive Slave Act of 1850

Conor Lennon

Journal of Law and Economics, 2016, vol. 59, issue 3, 669 - 695

Abstract: This paper examines the spatial relationship among slave prices, escape, and slave owners' property rights using the Fugitive Slave Act of 1850 as a natural experiment. The act reinforced slave owners' property rights, but its effect diminished with distance to the North. Estimates suggest that prices in Northern slave states increased by up to 35 percent relative to Southern states because of the act. The paper's findings are robust to changes in sample restrictions, spatial composition effects, and placebo tests on the act's implementation date. The contention that the act had an effect on escape risk is supported by a reduction in rewards offered and the frequency of advertisements for runaways observed in newspaper advertisements from the time.

Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://dx.doi.org/10.1086/689619 (application/pdf)
http://dx.doi.org/10.1086/689619 (text/html)
Access to the online full text or PDF requires a subscription.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucp:jlawec:doi:10.1086/689619

Access Statistics for this article

More articles in Journal of Law and Economics from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().