I investigate why workers' probability of leaving unemployment has fallen since 1900 by estimating the impact of a large government transfer, the first major pension program in the United States, covering Union Army veterans of the Civil War. The pension, because of the program's rules, was a...

This paper makes use of hitherto untabulated data from the censuses of manufacturing for 1870 and 1880 to investigate the extent to which firms operated at less than their full capacity year round in these census years and thus provides some evidence of the extent to which workers may have faced...

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...