I provide a quantitative interpretation of financial intermediation in the U.S. over the past 130 years. Measuring separately the cost of intermediation and the production of financial services, I find that: (i) the quantity of intermediation varies a lot over time; (ii) intermediation is...

The history of coeducation in U.S. higher education is explored through an analysis of a database containing information on all institutions offering four-year undergraduate degrees that operated in 1897, 1924, 1934, or 1980, most of which still exist today. These data reveal surprises about the...

Whether immigrants advance in labor markets relative to natives as they gain experience is a fundamental question in the economics of immigration. For the US, it has been difficult to answer this question for the period when the immigration rate was at its historical peak, between the 1840s and...

The Great Migration from the US South is a prominent theme in economic history research not only because it was a prime example of large scale internal migration, but also because it had far-reaching ramifications for American economic, social, and political change. This essay offers a concise...

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...

Introduction / William J. Collins and Robert A. Margo -- Business organization and internal governance. Revisiting American exceptionalism: democracy and the regulation of corporate governance: the case of nineteenth-century Pennsylvania in comparative context / Naomi R. Lamoreaux -- Corporate...