Showing 1 - 10 of 12
. The analysis includes a set of multivariate time series models that relate measures of banking and equity market activity …
Persistent link: https://www.econbiz.de/10012471335
After adjusting for sample-selection bias, I find a net decline in average stature of 0.64 inches in the birth cohorts of 1832--1860 in the US. This result supports the veracity of the Antebellum Puzzle--a deterioration of health during early modern economic growth in the US. However, this...
Persistent link: https://www.econbiz.de/10012452906
The "Federalist financial revolution" may have jump-started the U.S. economy into modern growth, but the Free Banking … System (1837-1862) did not play a direct role in sustaining it. Despite lowering entry barriers and extending banking into …
Persistent link: https://www.econbiz.de/10012460638
I study the impact of transportation on health in the rural US, 1820-1847. Measuring health by average stature, I find that greater transportation linkage, as measured by market access, in a cohort's county-year of birth had an adverse impact on its health. A one-standard deviation increase in...
Persistent link: https://www.econbiz.de/10012480597
Immigrant distribution--the geographic dispersion of immigrants in the destination country--was a major issue in the United States in the late Age of Mass Migration. Policy debates were influenced by the widely held view that the new immigrants were generally less geographically mobile within...
Persistent link: https://www.econbiz.de/10012533361
Why were the poorer countries of the European periphery latecomers to the Age of Mass Migration? We test the diffusion hypothesis, which argues that mass emigration was delayed because it was primarily governed by a gradual process of spatial diffusion of migration networks. We propose a model...
Persistent link: https://www.econbiz.de/10013537741
I study the internal migration of native-born white men in the United States using linked census data covering all possible 10- and 20-year periods 1850--1940. Inter-county migration rates were stable over time. Selection into migration on the basis of occupational status was also largely stable...
Persistent link: https://www.econbiz.de/10013362038
" banking outcomes. Although railroads improved economic conditions along their routes, we offer evidence of another channel …
Persistent link: https://www.econbiz.de/10012458632
Recent cross-country investigations of the role of institutional fundamentals such as the protection of property rights in promoting financial development have extended a literature that has for decades maintained that financial factors can affect real outcomes. In this paper we pursue this new...
Persistent link: https://www.econbiz.de/10012466634
The United States achieved a 2.0 percent average annual growth rate of real GDP per capita between 1891 and 2007. This paper predicts that growth in the 25 to 40 years after 2007 will be much slower, particularly for the great majority of the population. Future growth will be 1.3 percent per...
Persistent link: https://www.econbiz.de/10012458768