Gregg, Matthew T. (2009): Cultural persistence as behavior towards risk: evidence from the North Carolina Cherokees, 1850-1880. Published in: Journal of Income Distribution , Vol. 18, No. 2 (June 2009): pp. 3-15.
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Can economic theory help explain the persistence of a cultural enclave among the Cherokee Indians living in North Carolina during the nineteenth century? To date, Fogelson and Kutsche (1961) and Finger (1984) identify the continuation of a communal, labor-sharing agricultural institution called the gadugi as simply an example of Cherokee agency during a period of substantial upheaval. I contribute to the historiography on ancestral labor traditions by adopting Kimball's (1988) framework on the function of farming cooperatives to test whether this arrangement sprung up as a form of insurance against the idiosyncratic risk inherent in southern agriculture. Data collected from the 1850-1880 manuscript census returns on North Carolina Cherokee farms are used to compute the variance of household self-sufficiency, which appears substantial enough to warrant a non-market mechanism to pool risk.
|Item Type:||MPRA Paper|
|Original Title:||Cultural persistence as behavior towards risk: evidence from the North Carolina Cherokees, 1850-1880|
|Keywords:||Risk-Sharing; Cooperatives; Cherokee Indians|
|Subjects:||D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D81 - Criteria for Decision-Making under Risk and Uncertainty
N - Economic History > N1 - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations > N11 - U.S.; Canada: Pre-1913
J - Labor and Demographic Economics > J5 - Labor-Management Relations, Trade Unions, and Collective Bargaining > J54 - Producer Cooperatives; Labor Managed Firms; Employee Ownership
|Depositing User:||Matthew Gregg|
|Date Deposited:||06. Oct 2011 16:12|
|Last Modified:||16. Feb 2013 05:26|
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