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Population Transfers and the Post-Bellum Adjustment to Economic Dislocation, 1870–1920

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  • Vedder, Richard K.
  • Gallaway, Lowell E.

Abstract

It is argued in this article that the labor market disequilibrium produced by the American Civil War was substantially eliminated through the process of interregional migration of population over the interval 1870–1920. This migration caused the system of regional labor markets to converge toward a “steady-state†equilibrium. It is estimated that the efficiencies introduced by this migration process explain 6 percent of per capita income levels in 1920.

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  • Vedder, Richard K. & Gallaway, Lowell E., 1980. "Population Transfers and the Post-Bellum Adjustment to Economic Dislocation, 1870–1920," The Journal of Economic History, Cambridge University Press, vol. 40(1), pages 143-150, March.
    • Handle: RePEc:cup:jechis:v:40:y:1980:i:01:p:143-150_10
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    Cited by:

    1. Scott A. Carson, 2017. "Assessing Cumulative Net Nutrition and the Transition from 19th Century Bound to Free-Labor by Ethnic Status," CESifo Working Paper Series 6813, CESifo.

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