Showing 1 - 10 of 19
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
We argue that the deregulation leading up to the Big Bang has played a major role in the current banking problems. This deregulation allowed large corporations to quickly switch from depending on banks to relying on capital market financing. We present evidence showing that large Japanese...
Persistent link: https://www.econbiz.de/10012471540
Promotion of inward foreign direct investment (FDI) into Japan has been an important policy in the Abenomics growth … stock for Japan. Although the actual inward FDI stock has been growing and is likely to achieve the goal of 35 trillion yen … suggested by the estimated model. We also estimate the model without Japan as a destination country and use the estimated model …
Persistent link: https://www.econbiz.de/10012479632
has evolved to study inflation in Japan. Our key finding is that labor market dynamics shifted after 1998 so that …
Persistent link: https://www.econbiz.de/10012481526
rehabilitate the U.S. banking industry. Many of those strategies were used also in Japan to combat its banking problems in the 1990 … respect to four of the others. So far the U.S. has avoided Japan's problem of having impaired banks prop up zombie firms …
Persistent link: https://www.econbiz.de/10012464246
In this paper, we propose a bank-based explanation for the decade-long Japanese slowdown following the asset price collapse in the early 1990s. We start with the well-known observation that most large Japanese banks were only able to comply with capital standards because regulators were lax in...
Persistent link: https://www.econbiz.de/10012466526