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The consensus view among economic historians is that wage inequality in American manufacturing followed an inverted-U path from the early nineteenth century until just before World War Two. The previous literature, however, has been unable to fully document this path over time, or fully assess...
Persistent link: https://www.econbiz.de/10014250180
Establishment-level data are used to study capital deepening - increases in the capital-output ratio - in U.S. manufacturing from 1850 to 1880. In both nominal and real terms, the aggregate capital-output ratio rose substantially over the period. Capital deepening is shown to be especially...
Persistent link: https://www.econbiz.de/10014074893
Data from the manuscript census of manufacturing are used to estimate the effects of the length of the working day on output and wages. We find that the elasticity of output with respect to daily hours worked was positive but less than one - implying diminishing returns to increases in working...
Persistent link: https://www.econbiz.de/10014139752
This paper makes use of hitherto untabulated data from the censuses of manufacturing for 1870 and 1880 to investigate the extent to which firms operated at less than their full capacity year round in these census years and thus provides some evidence of the extent to which workers may have faced...
Persistent link: https://www.econbiz.de/10013240995
rise in wage inequality can be attributed to an increased concentration of employment in large establishments, which paid …
Persistent link: https://www.econbiz.de/10013243621
We use establishment-level data to study capital deepening -- increases in the capital-output ratio -- in American manufacturing from 1850 to 1880. In nominal terms, the aggregate capital-output ratio in our samples rose by 30 percent from 1850 to 1880. Growth in real terms was considerably...
Persistent link: https://www.econbiz.de/10013247403
During the nineteenth century, the US manufacturing sector shifted away from the “hand labor” mode of production, characteristic of artisan shops, to the “machine labor” of the factory. This was the focus of an extremely detailed but extraordinarily complex study by the Commissioner of...
Persistent link: https://www.econbiz.de/10014265069