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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...
Persistent link: https://www.econbiz.de/10012477187
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...
Persistent link: https://www.econbiz.de/10012462376
The labor force participation rate of married women first declines and then rises as countries develop. Its þ-shape is revealed both across the process of economic development and through the histories of currently advanced countries. The initial decline in the participation rate is due to the...
Persistent link: https://www.econbiz.de/10012474221
We explore the savings behavior and saving rates of ordinary Americans through their accounts at the Philadelphia Saving Fund Society. the oldest mutual savings bank in the United States founded in 1816 to encourage thrift among the working poor. Our sample contains the 2.374 accounts opened in...
Persistent link: https://www.econbiz.de/10012474847
Two opposing views of the antebellum economy are tested. One is that aggregate economic activity was severely diminished and that unemployment was substantial and prolonged during several downturns. The alternative interpretation is that antebellum fluctuations were more apparent than real;...
Persistent link: https://www.econbiz.de/10012475839
Persistent link: https://www.econbiz.de/10003470812
This paper presents evidence about the coats of corporate capital in Japan and the US, for a sample of large companies …, and evaluates a variety of hypotheses about why the cost might be lower in Japan.We find that the before-tax return to … capital in Japan appears slightly lower than in the U.S. when corrected book measures of earnings are used, but that this …
Persistent link: https://www.econbiz.de/10012477317
The value of corporate equity in Japan is dramatically smaller than that implied by the sum of the reproduction cost of …
Persistent link: https://www.econbiz.de/10012469257
A review of the Japanese National Accounts reveals that the Japanese household sector has apparently suffered a capital loss of some 400 trillion-yen in 1990 consumption prices since 1970. This loss is large enough to explain most of the Japanese recession of the 1990's. We can trace some...
Persistent link: https://www.econbiz.de/10012470697
countries such as the US, Canada, and Japan. Attempts are made to carry out the measurement based both on the accounting records … equal to or somewhat lower than that in the US For Japan, the individual company accounts and National Accounts data yield …
Persistent link: https://www.econbiz.de/10012472944