Showing 1 - 10 of 18
Persistent link: https://www.econbiz.de/10001867062
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
We study the effects of the progressive elimination of the system of industrial regulations on entry and production, known as the "license raj," on registered manufacturing output, employment, entry and investment across Indian states with different labor market regulations. The effects are...
Persistent link: https://www.econbiz.de/10012466638
Between 1940 and 1950 wage differentials within and between labor market groups narrowed significantly - the so-called 'Great Compression'. This paper disaggregates the Great Compression into its public and private components. Wage compression in the public sector, along with a decline in the...
Persistent link: https://www.econbiz.de/10012473478
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
During the nineteenth century, the US manufacturing sector shifted away from the "hand labor" mode of production, characteristic of artisan shops, to the "machine labor" of the factory. This was the focus of an extremely detailed but extraordinarily complex study by the Commissioner of Labor...
Persistent link: https://www.econbiz.de/10012481631
The Civil War resulted in a substantial divergence in the regional structure of factor prices. In particular, wages …
Persistent link: https://www.econbiz.de/10012467801
We use establishment-level data to study capital deepening -- increases in the capital-output ratio -- in American manufacturing from 1850 to 1880. In nominal terms, the aggregate capital-output ratio in our samples rose by 30 percent from 1850 to 1880. Growth in real terms was considerably...
Persistent link: https://www.econbiz.de/10012468784
This paper develops a model of endogenous product selection by firms. The theory is motivated by new evidence we present on the importance of product switching by U.S. manufacturers. Two-thirds of continuing firms change their product mix every five years, and product switches involve more than...
Persistent link: https://www.econbiz.de/10012468909
average monthly wages across establishments. We find a marked increased in wage inequality over the period, an increase that … relatively low wages. We present indirect evidence that the negative effect of size on wages reflected differences in skill …
Persistent link: https://www.econbiz.de/10012470804