Risk Management Strategies Among African-American Slaves at Locust Grove Plantation

African Americans faced a variety of risks under the institution of slavery. The theory of risk management is used as a context for understanding the lives of slaves at Locust Grove Plantation in Kentucky and for deconstructing the common myth that slavery was unusually mild there. African Americans used a diversity of means at Locust Grove to cope with risk, including generalized reciprocity, food storage, religion, and strong kinship/community bonds.     

Policy Interaction in the Provision of Unemployment Insurance and Low-Income Assistance by State Governments

In this paper we investigate empirical relationships between Unemployment Insurance (UI) and welfare policies using a unique database covering 48 states annually from 1973 through 1989. We first document substantial variation across states in UI program outcomes. Having established that UI is so variable, we explore the simultaneous interaction between UI and Aid to Families with Dependent Children (AFDC), Medicaid, and total state and local welfare spending. Our econometric results indicate substitution between the two cash assistance programs, AFDC and UI, by state governments. On the other hand, states that operate relatively generous UI programs also tend to allocate more resources to Medicaid and other in-kind, low-income assistance programs.