作者：Harvard University; National Bureau of Economic Research
摘要：We explore the savings behavior of ordinary Americans through their accounts at the Philadelphia Saving Fund Society, the oldest mutual savings bank in the United States. Our sample contains all 2,374 accounts opened in 1850. Savings accounts were generally brief affairs but median balances mounted to about three-quarters of annual income in three years. Deposits and withdrawals were infrequent, but substantial. Only female servants, as a group, used their accounts for life-cycle savings, even...
作者：WOLCOTT, S
摘要：In the interwar period, Japanese textile firms were able to greatly increase labor efficiency and become the world's main exporter of cotton textiles. Meanwhile, the Indian industry stagnated and was forced to retreat behind tariff walls. This paper argues that the flexibility of the Japanese work force stemmed from its high turnover; the Indian laborers were collectively inflexible in defending lifetime careers against technical changes that reduced labor demand. As the industry requires only...
