Showing 1 - 10 of 12
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
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
. Motivated by Japan's recent economic experience, we use a dynamic general-equilibrium model to assess the welfare impact of open …-market operations for an economy in Japan's predicament. We argue Japan can achieve a substantial welfare improvement through large open …
Persistent link: https://www.econbiz.de/10012468884
(1) The small firm - large firm distinction appears to be more significant in Japan, not in the United States …We extend our recent work measuring the cost of capital in Japan and the United States by considering several questions …
Persistent link: https://www.econbiz.de/10012475662
impending demographic changes in Japan, the Federal Republic of Germany, Sweden and the United States. The simulation results …
Persistent link: https://www.econbiz.de/10012476222
This paper uses financial statement data for large samples of U.S. and Japanese nonfinancial corporations to estimate the return to capital in each country for the period 1967-83. Interpreting these as measures of the cost of capital, we find that the before-tax cost of corporate capital was...
Persistent link: https://www.econbiz.de/10012476782