Showing 1 - 10 of 275
How did Britain sustain faster rates of economic growth than comparable European countries, such as France, during the … quantify the implications for technology growth rates in Britain compared to France. Our results indicate that the shape of the … change and industrial growth in Britain during the Industrial Revolution …
Persistent link: https://www.econbiz.de/10015056202
How does economic modernization affect group identity? Modernization theory emphasizes how labor migration led to the adoption of common identities. Yet economic development may reduce incentives to emigrate, preserving local cultures. We study England and Wales during the Second Industrial...
Persistent link: https://www.econbiz.de/10015145065
What does it take to live a meaningful life? We exploit a unique corpus of over 1,400 life narratives of older Americans collected by a team of writers during the 1930s. We combine detailed human readings with large language models (LLMs) to extract systematic information on critical junctures,...
Persistent link: https://www.econbiz.de/10015195019
Dun's Review began publishing monthly data on bankruptcies by branch of business during the 1890s. Those series evolved through many iterations. This essay reconstructs the series from 1895 to 1935 and discusses how it can be used for economic analysis
Persistent link: https://www.econbiz.de/10015072870
Efforts to document long-term trends in socioeconomic mobility in the United States have been hindered by the lack of large, representative datasets that include information linking parents to their adult children. This problem has been especially acute for women, who are more difficult to link...
Persistent link: https://www.econbiz.de/10014437049
We analyze the impact of World War II service on income and mobility among male Army and Army Airforce veterans from various racial and ethnic groups, using linked 1940 Census, WWII enlistment, and 1969 administrative tax return data. The dataset includes non-Hispanic White, Black, Hispanic,...
Persistent link: https://www.econbiz.de/10015195028
In the presence of segregation and discrimination during the late 19th and early 20th century, many African American men changed their racial identity and "passed" for white. Previous studies have suggested that this activity was associated with increases in income and socioeconomic status...
Persistent link: https://www.econbiz.de/10015195040
In standard New Keynesian models, future interest rate cuts have larger effects than current cuts--this is called the forward guidance puzzle. We argue that the forward guidance puzzle is not a puzzle. We show the puzzle arises from an implausibly large monetary regime change, exceeding anything...
Persistent link: https://www.econbiz.de/10015145131
We propose a new measure of cultural distance based on differences in the composition of first names and church denominations between locations. We use a gravity equation to estimate the elasticity of migration flows with respect to the two components of cultural distance as well as a standard...
Persistent link: https://www.econbiz.de/10015145143
Nearly 400,000 Black men were drafted into the National Army during World War I, where they toiled in segregated units and received little formal training. Leveraging novel variation from the WWI draft lottery and millions of digitized military and NAACP records, we document the pioneering role...
Persistent link: https://www.econbiz.de/10015326454