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作者:University of California System; University of California Merced; University of Arizona
摘要:We examine the dynamic relationships between relief spending and local private labor markets using a panel data set of relief, private employment, and private earnings. Positive shocks to relief during the First New Deal were followed by increased private employment and earnings, consistent with demand stimulus in that period. On the other hand, increases in work relief spending during the Second New Deal were followed by decreased employment and increased earnings, consistent with crowding ou...
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作者:Rensselaer Polytechnic Institute
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作者:University of Northern Iowa
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作者:University of London; London School Economics & Political Science
摘要:This article contributes to the debate on relative levels of living in the early modem world by estimating the income and probable range of income growth in Bengal before European colonization. The exercise yields two conclusions, (a) average income in Bengal was significantly smaller than that in contemporary Western Europe, and (b) there is insufficient basis to infer either growth or decline in average income in the eighteenth century.
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作者:Ulster University
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作者:California Institute of Technology
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作者:Harvard University
摘要:Why did independent inventors account for over half of U.S. patents by 1930 and more than three times the number granted to R&D firms? Using new data on patents and historical patent citations, I show that independents supplied high-quality innovations to a geographically broad market for ideas. Those close to large urban centers developed some of the most significant technological advances. Demand for independent inventions remained high during the growth of the corporate economy as firms con...
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作者:California Institute of Technology
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作者:Duke University
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作者:University of California System; University of California Davis
摘要:Three factors help to explain why school enrollments in the Northern United States were higher than those in the South and in most of Europe by 1850. One was affordability: the Northern schools had lower direct costs relative to income. The second was the greater autonomy of local governments. The third was the greater diffusion of voting power among the citizenry in much of the North, especially in rural communities. The distribution of local political voice appears to be a robust predictor o...