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Between 1800 and 1860, the United States became the preeminent world supplier of cotton as output increased sixty …-fold. Technological changes, including the introduction of improved cotton varieties, contributed significantly to this growth. Measured … output per worker in the cotton sector rose four-fold and large regional differences emerged. By 1840, output per worker in …
Persistent link: https://www.econbiz.de/10013136562
dynamic approach. Drawing on the records of 142 plantations with 509 crops years, we show that the average daily cotton … picking rate increased about four-fold between 1801 and 1862. We argue that the development and diffusion of new cotton … South's preeminence in the world cotton market, the pace of westward expansion, and the importance of indigenous …
Persistent link: https://www.econbiz.de/10012755147
Previous literature has discussed the procedural biases that exist in U.S. Department of Commerce (USDOC) dumping margin calculations. This paper examines the evolution of discretionary practices and their role in the rapid increase in average USDOC dumping margins since 1980. Statistical...
Persistent link: https://www.econbiz.de/10013232421
The boll weevil spread across the Southern United States from 1892 to 1922 having a devastating impact on cotton …
Persistent link: https://www.econbiz.de/10012906300
By providing feedback to customers on home electricity and natural gas usage with a focus on peer comparisons, utilities can reduce energy consumption at a low cost. We analyze data from two large-scale, random-assignment field experiments conducted by utility companies providing electricity...
Persistent link: https://www.econbiz.de/10013070742
We empirically examine two competing views of CEO pay. In the contracting view, pay is used to solve an agency problem: the compensation committee optimally chooses pay contracts which give the CEO incentives to maximize shareholder wealth. In the skimming view, pay is the result of an agency...
Persistent link: https://www.econbiz.de/10012783957
As the share of older immigrants residing in the U.S. begins to rise, it is important to understand how immigrants' retirement behavior and security compare to that of natives. This question has implications for the impact of immigration on government finances and for the retirement security of...
Persistent link: https://www.econbiz.de/10012893577
The purpose of this paper is to apply the theory of Lie transformation groups as developed by the first author, and derive a testable model of production and technical change. The econometric model is then applied to data derived by F. Gollop and D. Jorgenson for U.S. manufacturing industries...
Persistent link: https://www.econbiz.de/10012760052
While numerous studies have examined how health affects retirement behavior, few have analyzed the impact of retirement on subsequent health outcomes. This study estimates the effects of retirement on health status as measured by indicators of physical and functional limitations, illness...
Persistent link: https://www.econbiz.de/10012761681
If household portfolios are constrained by borrowing and short-sales restrictions asset markets, then alternative retirement savings systems may affect household welfare by relaxing these constraints. This paper uses a calibrated partial-equilibrium model of optimal life-cycle portfolio choice...
Persistent link: https://www.econbiz.de/10012763806