作者：KIMURA, M
摘要：This article discusses the changing living standards among the Korean masses under Japanese rule. Farm income per household, agricultural real wages, and per capita calorie intake from staple foods declined. On the other hand primary school enrollment, literacy, and survival rates rose, and average stature at least did not decrease. Arguing that literacy rates, survival rates, and average stature are variables more directly related to living conditions than the others, this article concludes t...
作者：Duke University; University of Kansas; National Bureau of Economic Research
摘要：New evidence based on census data indicates that output per agricultural worker grew faster between 1860 and 1870 than during any other decade of the nineteenth century. Although this evidence seems to support the traditional view that the Civil War was a catalyst for an increasingly productive agricultural sector, we contend that this apparent robust performance results from a measurement problem that afflicts census-based labor force series. An alternative estimate of labor force performance...
作者：National Bureau of Economic Research
摘要：In contrast to historical accounts of the boom and crash of the 1929 stock market, recent econometric studies have concluded that there were no bubbles in the American stock market over the past one hundred years. Examining the pricing of loans to stock brokers, we find information on the lenders' perceptions of the future course of stock prices in 1929. From this market, we extract an estimate of the bubble in stock prices. This bubble component contributes significantly to explain stock pric...
