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The Microeconomics of Depression Unemployment

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  • Robert A. Margo

Abstract

Microeconomic evidence reveals that the incidence and duration of unemployment in the 1930s varied significantly within the labor force. Long-term unemployment, which was especially high by historical standards, may have been exacerbated by federal relief policies.

Suggested Citation

  • Robert A. Margo, 1990. "The Microeconomics of Depression Unemployment," NBER Historical Working Papers 0018, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberhi:0018 Note: DAE
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    References listed on IDEAS

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    1. Charles M. Tiebout, 1956. "A Pure Theory of Local Expenditures," Journal of Political Economy, University of Chicago Press, vol. 64, pages 416-416.
    2. Orazem, Peter F, 1987. "Black-White Differences in Schooling Investment and Human Capital Production in Segregated Schools," American Economic Review, American Economic Association, pages 714-723.
    3. Fishback, Price V, 1989. "Can Competition among Employers Reduce Governmental Discrimination? Coal Companies and Segregated Schools in West Virginia in the Early 1900s," Journal of Law and Economics, University of Chicago Press, vol. 32(2), pages 311-328, October.
    4. Orazem, Peter F, 1987. "Black-White Differences in Schooling Investment and Human Capital Production in Segregated Schools," American Economic Review, American Economic Association, pages 714-723.
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    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Obama at the Jobs Summit: Public Works Programs on the Table
      by Matthew Bandyk in Capital Commerce on 2009-12-02 18:00:00

    Citations

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    Cited by:

    1. repec:oup:ereveh:v:20:y:2016:i:3:p:299-321. is not listed on IDEAS
    2. Charles W. Calomiris & Christopher Hanes, 1994. "Historical Macroeconomics and American Macroeconomic History," NBER Working Papers 4935, National Bureau of Economic Research, Inc.
    3. Price V. Fishback & John Joseph Wallis, 2012. "What Was New About the New Deal?," NBER Working Papers 18271, National Bureau of Economic Research, Inc.
    4. Frank Levy & Peter Temin, 2007. "Inequality and Institutions in 20th Century America," NBER Working Papers 13106, National Bureau of Economic Research, Inc.
    5. Price Fishback, 2017. "How Successful Was the New Deal? The Microeconomic Impact of New Deal Spending and Lending Policies in the 1930s," Journal of Economic Literature, American Economic Association, pages 1435-1485.
    6. Neumann, Todd C. & Fishback, Price V. & Kantor, Shawn, 2010. "The Dynamics of Relief Spending and the Private Urban Labor Market During the New Deal," The Journal of Economic History, Cambridge University Press, vol. 70(01), pages 195-220, March.
    7. repec:dgr:rugggd:gd-108 is not listed on IDEAS
    8. Fishback, Price V. & Kantor, Shawn & Wallis, John Joseph, 2003. "Can the New Deal's three Rs be rehabilitated? A program-by-program, county-by-county analysis," Explorations in Economic History, Elsevier, vol. 40(3), pages 278-307, July.
    9. Daniel K. Fetter & Lee M. Lockwood, 2016. "Government Old-Age Support and Labor Supply: Evidence from the Old Age Assistance Program," NBER Working Papers 22132, National Bureau of Economic Research, Inc.
    10. Robert A. Margo, 1993. "Employment and Unemployment in the 1930s," Journal of Economic Perspectives, American Economic Association, pages 41-59.
    11. Charles W. Calomiris, 1993. "Financial Factors in the Great Depression," Journal of Economic Perspectives, American Economic Association, pages 61-85.
    12. Jong, H. de & Woltjer, P., 2009. "A Comparison of Real Output and Productivity for British and American Manufacturing in 1935," GGDC Research Memorandum GD-108, Groningen Growth and Development Centre, University of Groningen.
    13. repec:eee:labchp:v:3:y:1999:i:pc:p:3085-3139 is not listed on IDEAS
    14. Kris Inwood & Chris Minns & Fraser Summerfield, 2016. "Reverse assimilation? Immigrants in the Canadian labour market during the Great Depression," European Review of Economic History, Oxford University Press, pages 299-321.

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