2020

最新文章

• The Founding of the Federal Reserve, the Great Depression, and the Evolution of the US Interbank Network AI翻译
  作者：Utah System of Higher Education; Utah State University; Federal Reserve System - USA; Federal Reserve Bank - St. Louis
  摘要：Financial network structure is an important determinant of systemic risk. This article examines how the U.S. interbank network evolved over a long and important period that included two key events: the founding of the Federal Reserve and the Great Depression. Banks established connections to correspondents that joined the Federal Reserve in cities with Fed offices, initially reducing overall network concentration. The network became even more focused on Fed cities during the Depression, as sur...
• Labor Earnings Inequality in Manufacturing during the Great Depression AI翻译
  作者：University of Kentucky; Auburn University System; Auburn University
  摘要：We study labor earnings inequality during the Great Depression using establishment-level information from the Census of Manufactures (COM). Inequality, as measured by the interquartile range in earnings per worker, declines by 10 log points between 1929 and 1933. However, by 1935, this difference has recovered to its 1929 level. In a decomposition, this decline and then rise in inequality is entirely explained by returns to observable factors, most notably the skill premium and regional differ...
• The Political and Economic Geography of Southern Secession AI翻译
  作者：New York University; New York University Abu Dhabi
  摘要：We study the economic and political determinants of the Southern secession movement of 1860/61. While economic historians emphasize the importance of slavery to the South's economy as the primary factor behind the movement, we demonstrate the important role that political inequality among whites played in facilitating secession. In particular, secession was decided in state conventions, which allowed secessionists to exploit biases to representation and may have been pivotal in Alabama and Geo...
• Circumventing Antitrust Law: Cooperation between Government and Industry during Times of Crisis, 1910-1945 AI翻译
  作者：University System of Ohio; Case Western Reserve University; Federal Reserve System - USA
• Pension Incentives and Labor Force Participation: Evidence from the Introduction of Universal Old-Age Assistance in the United Kingdom AI翻译
  作者：Leibniz Association; RWI - Leibniz Institut fur Wirtschaftsforschung
• The European Guilds: An Economic Analysis AI翻译
  作者：Massachusetts Institute of Technology (MIT)
• Entrepreneurship and Communal Tax Liability: The Political Economy of Early Modern Jewish-Polish Symbiosis AI翻译
  作者：Hebrew University of Jerusalem
• Europe's Growth Champion: Insights from the Economic Rise of Poland AI翻译
  作者：Lund University
• Controlling Credit: Central Banking and the Planned Economy in Postwar France, 1948-1973. AI翻译
  作者：University of Geneva
• Italy and the Little Divergence in Wages and Prices: New Data, New Results AI翻译
  作者：Sapienza University Rome
  摘要：We present new wage indices for skilled and unskilled construction workers in Italy. Our data avoid multiple issues pestering earlier wages, making our new indices the first consistent ones for early-modern Italy. Our improved wages, obtained from the St. Peter's Church in Rome, consolidate the view that urban Italy began a prolonged downturn during the seventeenth century. They also offer sustenance to the idea that epidemics instigated the decline. Comparison with new construction wages for ...