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作者:National Bureau of Economic Research
摘要:Early twentieth-century social reformers claimed that public insurance was necessary because employers ignored the financial needs of their unemployed, injured, or ill workers. Reformers dismissed the idea that competition in the labor market would boost the wages of workers who faced greater chances of job-related financial distress. This article reports a test of the compensating-wage-difference hypothesis on wage samples of men, women, and children from 1884 to 1903. We found mixed support ...
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作者:FISHBACK, PV
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作者:COHN, RL
摘要:This article examines the recent view that economic distress was not an important cause of English immigration before 1860. Demographic information is used to show that characteristics of males on suspect passenger lists (those that listed only laborers) matched those of laborers on other lists. Based on this result and other information, laborers appear to be the dominant group of immigrants. Support is thus provided for the view that distress was the most important cause of immigration, even...
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作者:EWBANK, DC
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作者:BAACK, B
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作者:POLLARD, S
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作者:University of Texas System; University of Texas Austin
摘要:This article examines the contribution of government policies to the high number of bank failures in the United States during the 1920s. In the state of Kansas, which had a system of voluntary deposit insurance and where branch banking was strictly prohibited, bank failure rates were highest in counties suffering the greatest agricultural distress and where deposit insurance system membership was highest. The evidence for Kansas illustrates how prohibitions on branch banking caused unit banks ...
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作者:BROADBERRY, SN; CRAFTS, NFR
摘要:This article proposes a reinterpretation of the failure of interwar British productivity levels to match those of the United States. We argue that key elements in poor British productivity performance included inadequate human capital, a bargaining environment that allowed workers to maintain restrictive practices, and collusive agreements that limited the exit of inefficient firms. We suggest that weaknesses in the structure of British firms pointed out by Chandler and his followers have been...
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作者:COOKINGHAM, ME
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作者:CARR, LG
摘要:Seventeenth-century English immigrants to the Chesapeake and their children experienced a trade-off. They died early and raised few children who survived to adulthood, most worked harder than in England at more boring tasks, and, except for food, they had a material standard of living inferior to what the homeland could offer at equivalent levels of wealth; but people ate well, there was work for all, and until late in the century the poor who lived long enough found opportunities not availabl...