Jean-Laurent Rosenthal

 

Rea A. and Lela G. Axline Professor of Business Economics

California Institute of Technology

CV

Research

Research

Property Rights

My dissertation focused on why infrastructure investment was difficult under the Old Regime and comparatively easy after 1815.

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Credit Markets in France 1660-1900

With Philip T. Hoffman and Gilles Postel-Vinay, I have tracked the growth of mortgage markets over two centuries first in Paris and now in France. In 108 towns and cities we collected regular cross sections of mortgage loans.

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Wealth Inequality in Paris 1807-2010

With Thomas Piketty and Gilles Postel-Vinay, we are engaged in a large scale data project to document the evolution of the distribution of wealth from 1800 to the present. At present we have information on the wealth at death of some 600,000 Parisians.

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Law and the Evolution of Firm Governance

With Timothy Guinnane, Ron Harris, and Naomi Lamoreaux, we seek to evaluate how law and enterprises co-evolved in Britain, France, Germany and the U.S., with a special focus on how entrepreneurs might have structured their firms so as to mitigate the costs of untimely dissolution or minority oppression.

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Mortality in Paris and France

In the 1860s, Paris was massively unequal in both wealth and life expectancy. In the next six decades life expectancy inequality declined much faster than wealth inequality. Why?

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