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The received view pins the adoption of labor regulation before 1914 on domestic forces. Using directed dyad-year event history analysis, we find that trade was also a pathway of diffusion. Market access served as an important instrument to encourage the diffusion of labor regulation. The type of trade mattered as much as the volume. In the European core, states emulated the labor regulation of partners because intra-industry trade was important. The New World exported less differentiated products and pressures to imitate were weak.
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Based largely on the Fifteenth Annual Report of the U.S. Department of Labor, published in 1900, we have built a sample of wages and hours for roughly fifty countries in six continents that covers the period 1890-1900. The Report, which is drawn from official (national) publications, gives information on normal or usual hours and earnings per week at the establishment level. To our knowledge, this is the most extensive data set of its kind totaling about 15,000 observations. We combine the data set with other country-specific evidence to derive implications about labour supply. The data reveal a cross-country supply curve that was markedly backward-bending. In addition, for a given wage level, we find a positive relation between a country's per-capita income and work hours. We interpret the patterns by proposing a standard utility function in consumption and hours of work, where a minimal level of consumption is introduced as a constraint. We interpret that minimum more broadly than biological subsistence. Rather minimal consumption is assumed to increase with the average income of a country. We also explore the possible role of climate in affecting the consumption constraint. Given the size of the data set, although coverage is uneven, we are able to estimate labour supply curves within countries and regions, in addition to making overall comparisons of work hours across countries. Our preliminary work suggests that a consumption constraint played a key role in the negative relation between wages and hours of work within countries, and that across countries higher average incomes, which effectively raised the constraint, promoted greater work hours.
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Nous traçons un portrait de l'évolution de la ségrégation professionnelle selon le sexe au 20ième siècle, et de ses conséquences sur la condition féminine dans le marché du travail. Dans la première partie du 20ième siècle, la ségrégation professionnelle hiérarchique ou verticale a considérablement décliné alors que les travailleuses quittaient les emplois de domestique et du secteur manufacturier en faveur des emplois de bureau. Ceci créa néanmoins une importante ségrégation professionnelle horizontale qui persiste jusqu'à aujourd'hui. Pour étudier les effets de la ségrégation professionnelle sur l'écart salarial selon le sexe, nous présentons une technique de décomposition qui divise l'écart salarial en deux composantes: l'une due aux différences intra-occupations et l'autre due aux différences inter-occupations. Depuis le début des années 90, la composante intra-occupation est prédominante. /// We document the evolution of occupational gender segregation and its implications for women's labour market outcomes over the twentieth century. The first half of the century saw a considerable decline in vertical segregation as women moved out of domestic and manufacturing work into clerical work. This created a substantial amount of horizontal segregation that persists to this day. To study the effects of occupational segregation on the gender gap, we introduce a decomposition technique that divides the gap into between-occupation and within-occupation components. Since the 1990s the component attributable to within-occupation wage differentials has become predominant.
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One technique which some hospitals have used in an attempt to control Operating Room costs is a “zero tolerance for overtime” policy. We used a case cost analysis to determine if this policy was always cost effective.
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Understanding the relationship between trade and growth is still at the core of the economics profession. This column seeks to identify the pathways by which globalisation affects economic growth looking at the case of Belgium in the decades preceding the First World War. It argues that the collapse in fixed export costs promoted the entry of uncompetitive firms into export markets and as the trade component of GDP rose, the share of high performing firms contracted, slowing growth.
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This thesis examines the credit records between 1847 and 1872 of the Montreal branch of the Mercantile Agency, among the most important credit bureaus in 19th century North America. The 19th century saw the acceleration of transatlantic trade. Montreal, located between Great Britain and the United States, was at the crossroads of the economic expansion. In this period, commonly referred to as the transition to capitalism, the legal, commercial and financial institutions of the metropolis were forced to adjust. In the financial sector, the state was compelled to adopt bankruptcy laws to lessen the negative effects of bad debts and to encourage and support the spread of commercial credit. However, because of limited accessibility, and the complexity and costs of the procedure, the laws were unable to fully guarantee the recovery of loans and were deemed unsatisfactory by the business community. The thesis claims that the emergence of credit agencies responded to the needs of the business community to address problems of information asymmetry. These agencies, like the Mercantile Agency, established a type of self-regulation of commercial credit. They provided information on risk to lenders. To a large extent, the information gathered represented the opinion of the Montreal merchant community. The credit offices of the Mercantile Agency used this information to generate rankings of the credit worthiness of merchants. The information was disseminated to the Agency’s network of subscribers. In this fashion, the Agency contributed to the construction of an economy of reputations. The research, which is inspired by contributions to the new history of capitalism, explores the effects of the construction of the economy of reputations on the relationship between lenders and borrowers. I find that the structure of the relationship favored creditor over debtors. The chapters of the thesis describe the role of reputation in the creditor-debtor relationship, the determinants adopted to measure credit worthiness, and the tensions and conflicts that emerged in the economy of reputations.
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Belle Époque Belgium recorded an unprecedented trade boom. Exploiting a new granular trade dataset, we find that the number of products delivered abroad and destinations serviced more than doubled in less than 40 years. To explain this remarkable achievement, we study the relationship between trade costs and the intensive and extensive margins of trade. The establishment of a foreign diplomatic network that lowered beachhead costs and enabled the entry of new products was an essential fact of the trade boom. Interestingly, the expansion in trade in certain sectors did not translate into faster productivity growth. We offer some explanations.
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L’entre-deux-guerres représente une période charnière dans l’évolution de la pensée économique au Canada. Le contexte économique et social des années 1920-1940 est des plus favorables au foisonnement de nouvelles idées et de nouvelles approches. Face à la crise et à l’urgence d’en sortir, les économistes, les intellectuels et les milieux politiques commencent à se questionner sérieusement sur les dysfonctions du capitalisme et de l’économie de marché. Pénétrée par des courants émergents, dont le keynésianisme et le corporatisme, et en parallèle avec une discipline économique en pleine formation, la pensée économique évolue considérablement durant ces années alors que les économistes s’interrogent sur les orientations des politiques gouvernementales. L’étude des deux grandes revues d’économie-politique, L’Actualité économique et le Canadian Journal of Economics and Political Sciences, ainsi que l’analyse des travaux des principaux économistes de l’époque, incarnés par Harold A. Innis, W. A. Mackintosh, Esdras Minville et Édouard Montpetit, révèlent les nouvelles orientations face aux problèmes qui confronte le Canada.
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Leveraging an original dataset on coastal shipping and invoking a new economic geography framework, we study the effects of domestic and international trade costs on industrial concentration and productivity growth in interwar Brazil. In the great wave of globalization before 1914, international trade costs were low and domestic costs high. Economic activity was dispersed along the coastline. The interwar period saw a reversal: international costs surged and domestic costs declined. Economic activity was increasingly concentrated in São Paulo. Agglomeration economies enabled productivity growth in the 1930s, mostly in durable and capital goods.
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Corps professoral
- Bouchard, Carl (1)
- Huberman, Michael (44)