MSS Lunch Lecture Mattia Fochesato, 'Different Local Response to the Black Death'

When
05-03-2020 from 12:00 to 13:00
Where
TBC
Language
English
Organizer
Stefan Meysman
Contact
Stefan.Meysman@UGent.be
Add to my calendar

Different Local Response to the Black Death: A Comparison of Wages and Prices across the Mediterranean cities in the Late Middle Ages

March 5th 2020, 12.00-13.00, we welcome Prof. Mattia Fochesato (Bocconi University). He will give a lunch lecture on 'Different Local Response to the Black Death: A Comparison of Wages and Prices across the Mediterranean cities in the Late Middle Ages'.

The venue will be communicated in due time.

Abstract

How did the per capita incomes of the Mediterranean economies respond to the late medieval demographic shocks? In this paper I provide a new quantitative synthesis of nominal wages in Cairo and Damascus and I compare them to a new series for Zaragoza and the available series for Florence and Southern France. I find that, while after the Black Death per capita incomes increased in most of the Mediterranean cities included in the dataset, in the city of Cairo the post-Black Death nominal wages and welfare ratios decreased. In addition, I conjecture, through anecdotal evidence, that the pre-plague combination of low population, high labor specialization, and tightening political and labor institutions might explain the response of per capita incomes to the Black Death in the city of Cairo.

Speaker

Mattia Fochesato (Ph.D. Economics) is Assistant Professor at the Bocconi University. His research focuses on the long run determinants of income and wealth distribution across different world regions. In particular, he is currently working on the institutional causes of the late medieval and early modern North- South economic divide in Europe and the analysis of the determinants of trends of wealth inequality from prehistory to the present. Previously, he held positions at SciencesPo (Paris), NYU Abu Dhabi, and the University of Basel.