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the manufacturing work force in 1832. Wherever manufacturing spread in the Northeast, the wages of females and children … greater will the relative wages for females and children increase, and the relatively more manufactured goods will the economy … productivity of females and children in the Northeast agricultural sector, and the increase in relative wages for these laborers …
Persistent link: https://www.econbiz.de/10012478393
Has economic progress increased the relative earnings of females to males over the long run? Evidence on trends in the earnings gap for the last four decades appears to run counter to this hypothesis. Numerous data sources are used in this paper to piece together a 170-year history of the...
Persistent link: https://www.econbiz.de/10012477187
The structure of wages narrowed considerably during the 1940's, increased slightly during the 1950's and 1960's, and … return attention here to the decade that was witness to an extraordinary compression in the wage structure. Wages narrowed by …-10 differential in the log of wages was 1.414 in 1940 but 1.060 in 1950. By 1985 it has risen back to its 1940 level. Thus the recent …
Persistent link: https://www.econbiz.de/10012475180
human capital theory brought the NBER into the modern era of economics …
Persistent link: https://www.econbiz.de/10012482089
The modern concept of the wealth of nations emerged by the early twentieth century. Capital embodied in people human capital mattered. The United States led all nations in mass postelementary education during the human-capital century.' The American system of education was shaped by New World...
Persistent link: https://www.econbiz.de/10012470485
The United States led all other nations in the development of universal and publicly-funded secondary school education and much of the growth occurred from 1910 to 1940. The focus here is on the reasons for the high school movement' in American generally and why it occurred so early and swiftly...
Persistent link: https://www.econbiz.de/10012472366
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...
Persistent link: https://www.econbiz.de/10012474157
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...
Persistent link: https://www.econbiz.de/10012474168
The fraction of U.S. college graduate women entering professional programs increased substantially around 1970 and the age at first marriage among all U.S. college graduate women soared just after 1972. We explore the relationship between these two changes and how each was shaped by the...
Persistent link: https://www.econbiz.de/10012471247
antebellum fluctuations were more apparent than real; nominal wages, not labor quantities, did most of the adjusting. We analyze … data on real wages for laborers, artisans, and clerks across four regions (Northeast, North Central, South Atlantic, and … South Central) during 1821 to 1856. Various time-series econometric methods reveal that shocks to real wages persisted even …
Persistent link: https://www.econbiz.de/10012475839