An Empirical Test of Taste-based Discrimination Changes in Ethnic Preferences and their Effect on Admissions to the NYSE during World War I

Petra Moser

NBER Working Paper No. 14003
Issued in May 2008

---- Acknowledgements -----

I wish to thank Steve Wheeler at the New York Stock Exchange for granting access to the records of membership applications and Eric Hilt and Antoinette Schoar for helping me to collect the price data for this paper. I am grateful to David Autor, Raj Chetty, Stan Engerman, Erik Eyster, Claudia Goldin, Michael Greenstone, Avner Greif, Bob Margo, Marc Weidenmier, Eugene White, and seminar participants at Berkeley, Davis, Stanford and the NBER for helpful comments. Ellyn Boukos, Joseph Goldschmid, Diana Eastman, Kimon Ioannides, Irina Issakova, Sameer Riaz, Irina Talis, Anjani Trivedi, Alessandra Voena, Maisy Wong, Sui Lin Yap and Mimi Xue provided valuable research assistance. I thank the Hoover Institution at Stanford for its generous financial support through the National Fellows Program. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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