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作者:University System of Ohio; Ohio State University; National Bureau of Economic Research
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作者:University of Wisconsin System
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作者:University of Tennessee System; University of Tennessee Knoxville
摘要:Economists frequently hypothesize that industrialization contributed to the United States' nineteenth-century fertility decline. I exploit the circumstances surrounding industrialization in South Carolina between 1881 and 1900 to show that the establishment of textile mills coincided with a 6-10 percent fertility reduction. Migrating households are responsible for most of the observed decline. Higher rates of textile employment and child mortality for migrants can explain part of the result, a...
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作者:University of Wisconsin System; University of Wisconsin Madison
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作者:University of Oxford
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作者:Stanford University
摘要:Douglass North and Barry Weingast's seminal account of the Glorious Revolution argued that specific constitutional reforms enhanced the credibility of the English Crown, leading to much stronger public finances. Critics have argued that the most important reforms occurred incrementally before the Revolution; and that neither interest rates on sovereign debt nor enforcement of property rights improved sharply after the Revolution. In this article, I identify a different set of constitutional re...
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作者:Boston University; Federal Reserve System - USA; Federal Reserve System Board of Governors; National Bureau of Economic Research
摘要:Executive pay fell during the 1940s, marking the last notable decrease in the past 70 years. We study this decline using a new panel data set on the remuneration of top executives in 246 firms. Government regulation including explicit salary restrictions and taxation had, at best, a modest effect on executive pay. By contrast, a decline in the returns to firm size and an increase in the power of labor unions contributed greatly to the reduction in executive compensation relative to other worke...
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作者:University of London; London School Economics & Political Science
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作者:University of California System; University of California San Diego
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作者:Northwestern University