Government Finance and Imposition of Serfdom after the Black Death Margaret E. Peters∗ University of California, Los Angeles Abstract After the Black Death, serfdom disappeared in Western Europe while making a resurgence in Eastern Europe. What explains this difference? I argue that serfdom was against the interests of the sovereign and was only imposed when the nobility, most of whom needed serfdom to maintain their economic and social standing, had leverage to impose their will. One way the nobility gained this power was through financing the military. Using data from the fourteenth to through the eighteenth centuries, I show that serfdom was imposed in areas where sovereigns had few other resources to pay for war or defense. This paper addresses the causes of a historical institution that scholars from Moore (1966) to Acemoglu and Robinson (2006) have argued played an important role in the development, or lack thereof, of democracy and long-term economic growth. ∗Department of Political Science, UCLA, 4289 Bunche Hall, Los Angeles, CA 90095,
[email protected]. I would like to thank Jessica Clayton, Stephen Moncrief, and Mark Toukan for their research assistance. I would also like to thank Maarten Bosker, Davide Cantoni, David Stasavage, and Nico Voigtländer for sharing their data. and Allison Carnegie, Jeff Colgan, Mark Dincecco, Steve Haber, Seva Guinitsky, Andrew Kerner, Frances Rosenbluth, David Steinberg, Felicity Vabulas, and the participants of the Stanford Comparative Politics Workshop, the 2013 IPES Conference, the 2014 International Studies Association Annual Conference, and the Yale International Relations Workshop for their comments. All errors remain my own. Electronic copy available at: https://ssrn.com/abstract=3320807 Introduction In Late Medieval and Early Modern Europe, the laws governing the lives of peasants in Europe diverged.