The Economic Consequences of Sir Robert Peel: A Quantitative Assessment of the Repeal of the Corn Laws
利用1841年英国经济的投入产出表，量化评估1846年废除《谷物法》的影响，发现整体福利基本不变，但收入分配发生变化，底层90%收入者获益而顶层10%受损。
Abstract This paper provides a quantitative general equilibrium evaluation of the repeal of Britain's Corn Laws in 1846. Using a detailed input-output matrix of the British economy in 1841, we find the abolition of Britain's tariff on imported grain left overall welfare roughly unchanged as the static efficiency gains are offset by terms-of-trade losses. Labourers and capital owners gained a slight amount at the expense of landowners. Combining these changes in factor payments with the different consumption patterns across income groups, we find that the top 10% of income earners lost while the bottom 90% of income earners gained.