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The U-Shaped Female Labor Force Function in Economic Development and Economic History

Goldin, Claudia - National Bureau of Economic Research - 1994

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

The Savings of Ordinary Americans : The Philidelphia Saving Fund Society in the Mid-Nineteenth Century

Alter, George; Goldin, Claudia; Rotella, Elyce J. - National Bureau of Economic Research - 1992

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

Wages, Prices, and Labor Markets Before the Civil War

Goldin, Claudia; Margo, Robert A. - National Bureau of Economic Research - 1989

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

The Earnings Gap Between Male and Female Workers : An Historical Perspective

Goldin, Claudia - National Bureau of Economic Research - 1986

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

Putting the Co in Education : Timing, Reasons, and Consequences of College Coeducation from 1835 to the Present

Goldin, Claudia; Katz, Lawrence F. - National Bureau of Economic Research - 2010

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 Main Bank System and Corporate Investment : An Empirical Reassessment

Hayashi, Fumio - 1997

This paper examines whether the sensitivity of corporate investment to internal funds depends on the firm's access to a main bank, using the sample of Japanese manufacturing firms constructed by Hayashi and Inoue (1991). For either of two classifications of firms by their access to a main bank,...

Persistent link: https://www.econbiz.de/10012472642

Is the Japanese Extended Family Altruistically Linked? A Test based on Engel Curves

Hayashi, Fumio - 1995

Altruism has the well-known neutrality implication that the family's demand for commodities is invariant to the division of resources within the family. We test this by estimating Engel curves on a cross-section of Japanese extended families forming two- generation households. We find that the...

Persistent link: https://www.econbiz.de/10012473860

Measuring Depreciation For Japan : Rejoinder to Dekle and Summers

Hayashi, Fumio - 1991

rate (ratio of depreciation to the capital stock) is implausibly high. I argue in this rejoinder that Japan's high … Japan. Second, equipment capital (a component of the denominator in the depreciation rate) in the Japanese national accounts … seems underestimated. Therefore, my estimate of the level of depreciation for Japan does not seem exaggerated …

Persistent link: https://www.econbiz.de/10012475157

Ex-Day Behavior of Japanese Stock Prices : New Insights from New Methodology

Hayashi, Fumio - 1990

We study the ex-dividend day behavior of Japanese stock prices for the period 1983-87. We find that, contrary to previous findings, prices of ex-day stocks drop by nearly the full amount of the dividend. However, ex-day stocks shows an abnormal return. Also, for the many ex-dividend day stocks...

Persistent link: https://www.econbiz.de/10012475610

The Relation Between Firm Growth and Q with Multiple Capital Goods : Theory and Evidence from Panel Data on Japanese Firms

Hayashi, Fumio - 1990

We derive from a model of investment with multiple capital goods a one-to-one relation between the growth rate of the capital aggregate and the stock market-based Q. We estimate the growth-Q relation using a panel of Japanese manufacturing firms taking into account the endogeneity of Q....

Persistent link: https://www.econbiz.de/10012475709