We present a continuous time series on first cabin passenger fares for ocean travel from New York to the British Isles covering nearly a century of time. We discuss the conceptual and empirical difficulties of constructing such a time series, and examine the reasons for differences between the...

There were substantial fluctuations in the number of American overseas travelers, especially before World War Two. These fluctuations in travel around the long-term upward trend are the focus of this paper. We first identify those fluctuations in the data and then try to explain the patterns. We...