We use detailed microlevel data from the Danish Price History Project to estimate the number of days manorial employers engaged day-laborers in eighteenth-century rural Denmark. We find that agriculture and construction employed men for an average of 170 days per year and women for 104 days-far below the commonly assumed figure of 250 days for full-year employment. These figures likely represent a lower bound on sector-specific labor demand rather than total annual work effort by individuals, who may have supplemented their income with other types of employment. Our findings show strong seasonality in work availability, with most labor occurring during the summer months, and provide new evidence on how labor demand patterns shifted over time. By focusing on sectoral employment patterns, this study contributes to recent literature on the organization of work in pre-industrial economies and highlights the importance of seasonal dynamics in shaping labor markets.

We evaluate Scandinavian graduate biographies - compiled by members of the educational elite - for their value as historical sources. These biographies, published in Denmark and Norway from the early nineteenth to the mid-twentieth century, offer detailed individual-level data on education, careers and social mobility. While frequently used for tracing individual life histories, their broader utility as systematic historical data has remained underexplored. Applying source criticism, we evaluate their meaningfulness, authenticity, representativeness and credibility. We find that these biographies are largely reliable, with high response rates and minimal discrepancies when cross-checked with independent sources. However, editorial bias is evident in select cases, particularly in the post-war treatment of Nazi-affiliated graduates. Despite these limitations, the biographies represent a valuable dataset for studies on education, elite formation and economic development. Their digitisation will further enhance their potential for quantitative historical research.

Did religious missions influence firm-level productivity? This study examines the impact of the Inner Mission (IM) movement on productivity in early twentieth-century Denmark, a predominantly Protestant and homogeneous society undergoing rapid industrialization. Using data on 964 creameries and employing an instrumental variables approach, we provide evidence that IM intensity reduced productivity in butter production, measured by the Milk-to-Butter ratio. The main mechanisms were Sunday closures, which disrupted economies of scale, and the fragmentation of creameries due to doctrinal disagreements among farmers. These disruptions prevented creameries from operating efficiently and reduced their profitability. Our results show how religiosity shaped patterns of modernization and industrial development absent the usual colonial or missionary confounders. This historical case speaks to debates in development economics about how informal institutions and moral regulation can constrain firm behavior and productivity.

In this revised and updated edition, An Economic History of Europe re-establishes itself as the leading textbook on European economic history. With an expanded scope, from prehistory to the present, it will be invaluable source for students, educators and researchers seeking to better understand Europe's long-run economic development. The authors cover key themes including the rise of institutions, technological advancements, globalization, and the Industrial Revolution, with a fresh emphasis on the wider impact of economic policies on welfare reflecting a broader understanding of societal well-being. The chronological structure, clear explanations, case studies, and minimal use of complex mathematics make this an accessible approach that allows students to apply economic theories in historical practice. The new edition also connects historical development to urgent contemporary issues such as modern-day sustainability goals. This comprehensive guide provides students with both a historical narrative of Europe's economic transformation, and the essential tools for analysing it.

The costs, benefits, and ethical considerations regarding animal welfare are a central element in modern capitalist agriculture, yet systematic quantitative historical insights are lacking. To overcome this, we seek to understand animal welfare in the Danish dairy sector from 1750 to 1900, a period marked by significant agricultural development and industrialization. By applying contemporary animal welfare metrics to historical data, we uncover a complex pattern of both improvements and declines in welfare over time, influenced by largely economically motivated changes in farming practices such as feeding, housing, and health management. Our work thus contributes to a deeper understanding of the nexus of economic progress and animal welfare, and invites the field of economic history to focus more on externalities in the development process.

The relative success of the Danish and failure of the Irish dairy industries before the First World War is often contrasted. The traditional narrative assumes that the Irish failed because they were unsuccessful at adopting cooperative ownership, and that Irish cooperatives were not as efficient as their Danish counterparts, despite having been explicitly modelled on them. This is, however, untested at the 'firm' level. We rectify this through the analysis of a large microlevel database of creameries in both countries over the period 1898-1903. Using Stochastic Frontier Analysis (SFA), a standard methodology in modern productivity studies, we find that Irish creameries were in fact slightly more efficient on average than their Danish counterparts, although with a larger variance. This nuances the idea that the Irish were unable to establish cooperatives successfully, although some creameries were certainly laggards, and the reputational cost of this might have impacted the industry.

We examine how railway expansion shaped Denmark's nineteenth-century economic transformation and the diffusion of civic engagement in the form of Grundtvigian institutions. Using a new parish-level panel (1,589 parishes) and a difference-in-differences design that accounts for staggered adoption, we find that railroad connection increased local population by about 7 percent, driven in part by higher internal in-migration (roughly 10 percent), and accelerated structural change (manufacturing employment rises by about 1.8 percentage points and the non-agricultural share by about 2 percentage points). Rail access also increased the probability that a parish hosted a folk high school by about 1.7 percentage points and raised the local densities of both folk high schools and community houses. Overall, the results suggest that market access was not only a driver of economic modernization but also a catalyst for institutional and cultural transformation.

Energy economists have long argued that energy systems need to be adaptable in the face of shocks. In the early twentieth century, Denmark embodied the opposite, with its industry almost entirely dependent on imports of coal from the UK. Towards the end of the First World War, however, and well into the 1920s, coal imports became expensive and more difficult to obtain. Local diversification was possible, however, through peat. We exploit detailed microlevel data from butter factories, covering the period 1900–28. Employing an event study approach, we find significant productivity advantages for firms closer to available peat fields in the wake of the coal shortage, and that these gains persisted even when peat was no longer used. Our results thus suggest that public policy might aim to support adaptability for firms less able to transition to more sustainable energy if that is the price of longer-term efficiency and survival.

The "refugee gap"-the difference in the economic status of refugees relative to other migrants might be due to the experience of being a refugee or to government policy. In Denmark before the Second World War, refugees were not treated differently from other migrants, motivating our use of a database of the universe of Danish naturalizations between 1851 and 1960. We consider labor market performance and find that immigrants leaving conflicts fared no worse or even performed better than other migrants within this relatively homogeneous sample of those who attained citizenship. This suggests that refugees and other migrants might be given the same rights if policy aims to ensure economic success.

What is the role of access to land for the decision to emigrate? We consider the case of Denmark between 1868 and 1908, when a large number of people left for America. We exploit the fact that the Danish agrarian reforms between 1784 and 1807 had differential impacts on the class of landless laborers around the country, and use detailed parish-level data police protocols of emigrants; population censuses and land registers to show that areas with a more unequal distribution of land witnessed greater emigration. We demonstrate a sizable effect: a one standard deviation increase in the Theil index implies an increase in emigration of 18 percent above the mean.

How was Romania able to borrow cheaply on the international capital markets before World War I? We explore this within the context of its three southeast European neighbours, Bulgaria, Greece and Serbia, using a novel dataset of monthly bond prices from the Berlin and London stock exchanges. A comparison of country characteristics and panel data analysis suggests that Romania was able to borrow under more favourable conditions due to its abundant natural resources and desirable exports.

We present a microlevel database of Irish cooperative creameries covering the period 1897–1921. The data were hand collected from the annual reports of the Irish Agricultural Organisation Society (IAOS) and contain information from 531 creameries and covering 49 variables. We perform some initial analysis of the data, finding considerable heterogeneity in the productivity of creameries as measured by the milk/butter ratio. We focus on differences between the four historical provinces of Ireland, finding that the south of Ireland (the historical centre of butter production) was on average less productive than the north at the start of the period, although this changes after 1913, when Ulster becomes the least productive province. These results present interesting avenues for future work, given the IAOS’ focus on founding creameries in the north of the island.

Despite the growing literature on the impact of immigration, little is known about the role existing migrant settlements can play for knowledge transmission and the location of industry. We present a case that can illustrate this important mechanism and hypothesize that nineteenth-century Danish American communities helped spread knowledge on modern dairying to rural America. From around 1880 Denmark developed rapidly, and by 1890 it was a world -leading dairy producer. Using a difference -in -differences strategy and data taken from the US census and Danish emigration archives, we find that counties with more Danes in 1880 subsequently both specialized in dairying and used more modern practices. (JEL J15, J61, L66, N31, N51, O33, Q12)

Natural resources, especially energy resources, are often considered vital to the process of economic development, with the availability of coal considered central for the nineteenth century. Clearly, however, although coal might have spurred economic development, development might also have spurred the discovery and use of coal. To shed light on this, we suggest that the case of resource-poor Denmark, which spent centuries looking for coal, is illuminating. Specifically, we emphasise that the process of looking for coal and the creation of a natural resource industry in itself is important beyond the obvious dichotomy of haves and have-nots. We seek to understand this process and find that prices proved an important stimulus to coal surveys.

We explore the role of elites for development and the spread of industrialized dairying in Denmark in the 1880s. We demonstrate that the location of early proto-modern dairies, introduced by landowning elites from northern Germany in the eighteenth century, explains the location of industrialized dairying in 1890: an increase of one standard deviation in elite influence increases industrialized dairying by 56 percent of the mean exposure in one specification. We interpret this as evidence for a spread of ideas from the elites to the peasantry, which we capture through measures of specialization in dairying and demand for education and identify a causal relationship using an instrument based on distance to the influential first mover. Finally, we demonstrate that areas with cooperatives enjoyed greater wealth by the twentieth century, and that they are today associated with other Danish cultural attributes: a belief in democracy and individualism.

Purpose The purpose of this paper is to provide an empirical investigation of the idea that imperfectly informed consumers use simple signals to identify the characteristics of wine, for example, the geographical denomination. The reputation of a denomination will thus be an important guide for consumers when assessing individual wines. Design/methodology/approach The price–quality relationship is studied in a fairly homogenous geographical area where a large number of wine types is present. This is done by using a simple ordinary least squares (OLS) analysis on a database of more than 2,000 different red wines produced in a period of just four years in only one Italian region. Findings The results show that some denominations have a lower average quality score and that price differentials between denominations are linked to differences in average quality, although consumers tend to exaggerate the quality gap between prestigious denominations and others. Research limitations/implications A producer in a prestigious denomination benefits from a substantial mark-up relative to an equally good producer from another denomination. Furthermore, denomination neutral wines have a stronger price–quality relationship than denomination specific wines. Practical implications Consumers should not be misled by what is on the bottle, but should rather consult wine guides to become better informed before purchasing. Social implications The fact that quality and sensory characteristics often play a minor role in determining the price of a commodity is not immediately compatible with the postulate that consumers are well informed. Originality/value Unlike previous work, this paper investigates a limited area (Tuscany) and only red wines, thus making it possible implicitly to control for many other factors which might otherwise confound the price–quality relationship.

We exploit a large historical shock to the Danish labour market to provide evidence of how restrictions on labour mobility increase monopsony power and thereby reduce wages. By severely limiting the possibility of the rural population to work beyond their place of birth, the reintroduction of serfdom in 1733 aimed to increase monopsony power and secure cheaper labour in the countryside. Using a unique data source based on the archives of estates from the eighteenth century, we test whether serfdom affected the wages of farmhands more strongly than other groups in the labour market, and results based on a difference-in-differences approach reveal evidence consistent with a strong negative effect following its introduction. This is confirmed when we use a different control group from the Swedish province of Scania. We also investigate whether one mechanism was that boys with rural backgrounds were prevented from taking up apprenticeships in towns and find suggestive evidence that this was indeed the case.

The Malthusian model, which implies a long-run interaction between demography and living standards, forms a cornerstone of our understanding of comparative economic development, as postulated by unified growth theory. Its empirical validity has been supported by a number of studies, most of which examine England. In Northern Italy, however, there might have been a reversed “preventive check.” We employ a cointegrated VAR model on Italian data from ca. 1650–1799 and find some evidence for this, but also for diminishing returns and thus a more “Malthusian” society than in, for example, England at that time.