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

  title={Slave Escape, Prices, and the Fugitive Slave Act of 1850},
  author={Conor Lennon},
  journal={The Journal of Law and Economics},
  pages={669 - 695}
  • Conor Lennon
  • Published 2016
  • Economics
  • The Journal of Law and Economics
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… Expand
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