作者:University of California System; University of California Berkeley; National Bureau of Economic Research
摘要:Using the census survival method to calculate net flows across employment states between 1900 and 1910, we find that approximately one-fifth of all men who reached the age of 55 eventually retired before death. Many of these retirees appear to have planned their withdrawal from paid employment by accumulating assets, becoming self-employed, and then liquidating their assets to provide a stream of income to finance consumption in old age. This ''modern'' retirement behavior has important implic...
作者:Columbia University
摘要:Tenant-right, or a tenant's right to sell his holding, was one of the most puzzling institutions of nineteenth-century Irish land tenure. Historians have argued that the institution reflects the tenants' assertions of a proprietary interest in the land, an assertion often backed up by threats and violence. In this article we argue that landlords respected tenant-right because they could profit from the institution. Our model reflects comments by contemporaries and explains that tenant-right fu...
作者:National Bureau of Economic Research
摘要:Advertisements from antebellum New York City newspapers are used to estimate hedonic indices of the rental price of housing. Rents varied with the quality of housing and its location, suggesting a well-defined market for rental housing. Controlling for housing characteristics and location, the relative price of housing rose between 1830 and 1860.