We study the dynamics of price indices for major U.S. cities using panel econometric methods and find that relative price levels among cities mean revert at an exceptionally slow rate. In a panel of 19 cities from 1918 to 1995, we estimate the half-life of convergence to be approximately nine...

This study examines the occupational mobility of antebellum immigrants as they entered the U.S. White collar, skilled, and semi-skilled immigrants left unskilled jobs more rapidly after arrival than farmers and unskilled workers. British and German immigrants fared better than the Irish;...