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The study of the labor market across the past hundred years reveals enormous progress and also that history repeats itself and has come full circle in some ways. Progress has been made in the rewards of labor -- wages, benefits, and increased leisure through shorter hours, vacation time, sick...
Persistent link: https://www.econbiz.de/10012474167
U.S. educational and occupational wage differentials were exceptionally high at the dawn of the twentieth century and then decreased in several stages over the next eight decades. But starting in the early 1980s the labor market premium to skill rose sharply and by 2005 the college wage premium...
Persistent link: https://www.econbiz.de/10012465672
In nineteenth century America, most employment, particularly that in agriculture, was highly seasonal. Thus the movement of labor from outdoor to indoor must have increased labor hours and days per year, thereby resulting in higher national income and greater economic growth. We provide the...
Persistent link: https://www.econbiz.de/10012475449
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;...
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In nineteenth century America, most employment, particularly that in agriculture, was highly seasonal. Thus the movement of labor from outdoor to indoor must have increased labor hours and days per year, thereby resulting in higher national income and greater economic growth. We provide the...
Persistent link: https://www.econbiz.de/10013218552
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/10013236708