Between 1890 and the late 1920s the premium to high school education declined substantially for both men and women. In 1890 ordinary office workers, whose positions generally required a high school diploma, earned almost twice what production workers did. But by the late 1920s they earned about...

Recent college graduate women express frustration regarding the obstacles they will face in combining career and family. Tracing the demographic and labor force experiences of four cohorts of college women across the past century allows us to observe the choices each made and how the constraints...

Human capital accumulation and technological change were to the twentieth century what physical capital accumulation was to the nineteenth century -- the engine of growth. The accumulation of human capital accounts for almost 60% of all capital formation and 28% of the per capita growth residual...

The study of the labor market across the past hundred years reveals enormous progress and also that history repeats itself and has come full circle in some ways. Progress has been made in the rewards of labor -- wages, benefits, and increased leisure through shorter hours, vacation time, sick...

A new state-level series on secondary-school data demonstrates that graduation and enrollment rates increased greatly in the 1920s and 1930s in most regions. An 18-year old male in 1910 had just a 10% chance of having a high school diploma but by the mid-1930s the median 18-year old male was a...

Anti-immigrant forces almost succeeded in passing restrictive legislation in 1897, but their plan did not ultimately materialize for another twenty years. During that time 17 million Europeans from among the poorest nations came to the United States. This paper explores the economic and...

Three cohorts of college women are considered here. The first, graduating from 1900 to 1920, was faced with a choice of "family or career,? while the second, graduating from 1945 to the early 1960s, opted for family and employment serially - that is, "family then job." The third, graduating...

In nineteenth century America, most employment, particularly that in agriculture, was highly seasonal. Thus the movement of labor from outdoor to indoor must have increased labor hours and days per year, thereby resulting in higher national income and greater economic growth. We provide the...

This paper investigates the effects of increased cash dividend payout, and of "forced realizations~ of capital gains in corporate control transactions, on the level of aggregate consumption. The results support the proposition that investors respond differently to cash receipts from firms and to...

Modern personnel practices, social consensus, and the Depression acted in concert to delay the emergence of married women in the American economy through an institution known as the "marriage bar." Marriage bars were policies adopted by firms and local school boards, from about the early 1900's...