Similar Search Results

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

Do Global Pandemics Matter for Stock Prices? : Lessons from the 1918 Spanish Flu

Angel, Marco del; Fohlin, Caroline; Weidenmier, Marc D. - National Bureau of Economic Research - 2021

We study the impact of the 1918 Spanish Flu on U.S. stock prices. We use the death rate to control for the impact of the global pandemic and war news reported in the New York Times to capture the positive effects of the end of World War I on stock prices. Using a new weekly hand collected NYSE...

Persistent link: https://www.econbiz.de/10012482574

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

Currency Mismatches, Default Risk, and Exchange Rate Depreciation : Evidence from the End of Bimetallism

Bordo, Michael D. - 2006

It is generally very difficult to measure the effects of a currency depreciation on a country's balance sheet and financing costs given the endogenous properties of the exchange rate. History provides at least one natural experiment to test whether an exogenous exchange rate depreciation can be...

Persistent link: https://www.econbiz.de/10012466369

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

Stock Volatility and the Great Depression

Cortes, Gustavo Silva - 2017

Stock return volatility during the Great Depression has been labeled a "volatility puzzle" because the standard deviation of stock returns was two to three times higher than any other period in American history (Officer, 1973; Wilson, Sylla, and Jones; 1990). We investigate the "volatility puzzle"...

Persistent link: https://www.econbiz.de/10012455128

America's First Great Moderation

Davis, Joseph - 2016

We identify America's First Great Moderation, a recession-free 16-year period from 1841 until 1856, that represents the longest economic expansion in U.S. history. Occurring in the wake of the debt-deleveraging cycle of the late 1830s, this "take-off" period's high rates of economic growth and...

Persistent link: https://www.econbiz.de/10012456816

Why did Countries Adopt the Gold Standard? Lessons from Japan

Mitchener, Kris James - 2009

interest to policymakers at the time of adoption. We examine the political economy of Japan's adoption of the gold standard in … contrast to previous studies examining bond yields, we find little evidence that joining the gold standard reduced Japan … policymakers suggested, we find that membership in the gold standard increased Japan's exports by lowering transactions costs and …

Persistent link: https://www.econbiz.de/10012463454