Effects of New Deal Spending and the Downturns of the 1930s on Private Labor Markets in 1939/1940, Xing Liu and Price Fishback
Principal Investigator(s): View help for Principal Investigator(s) Xing Liu, Experian; Price Fishback, University of Arizona
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
|---|---|---|---|
| Programming-and-data-files | 11/17/2018 04:02:PM |
Project Citation:
Liu, Xing, and Fishback, Price. Effects of New Deal Spending and the Downturns of the 1930s on Private Labor Markets in 1939/1940, Xing Liu and Price Fishback. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2018-11-17. https://doi.org/10.3886/E107341V1
Project Description
Summary:
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This
document describes the data sets and files we used to estimate the model in the
paper forthcoming in Explorations in Economic History.
Effects of New Deal Spending and the Downturns of the 1930s on Private Labor Markets in 1939/1940
Xing (Michelle) Liu and Price Fishback
Abstract of paper
Gross Domestic Product recovered much more quickly than labor markets did during the 1930s. We provide new analysis of this issue by estimating a cross-sectional model for individuals in 1939-1940 as a function of the measures of the Great Contraction of 1929-1933, the recovery, and the Second Dip Recession and average information for three types of New Deal spending. The results show that the Great Contraction of 1929-1933 and the Second-Dip Recession still had powerful negative effects on county labor markets in 1939/1940 and these were only partially offset by public works grants. Relief grants had somewhat negative effects although this might have arisen because of a large layoff of workers by the WPA in 1939. The AAA payments to farmers to take land out of production were associated with lower earnings and private employment, but had mixed effects on skill mobility.
Effects of New Deal Spending and the Downturns of the 1930s on Private Labor Markets in 1939/1940
Xing (Michelle) Liu and Price Fishback
Abstract of paper
Gross Domestic Product recovered much more quickly than labor markets did during the 1930s. We provide new analysis of this issue by estimating a cross-sectional model for individuals in 1939-1940 as a function of the measures of the Great Contraction of 1929-1933, the recovery, and the Second Dip Recession and average information for three types of New Deal spending. The results show that the Great Contraction of 1929-1933 and the Second-Dip Recession still had powerful negative effects on county labor markets in 1939/1940 and these were only partially offset by public works grants. Relief grants had somewhat negative effects although this might have arisen because of a large layoff of workers by the WPA in 1939. The AAA payments to farmers to take land out of production were associated with lower earnings and private employment, but had mixed effects on skill mobility.
Funding Sources:
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National Science Foundation Grants (SES-135744, SES-1061927, SES- 0921732, SES 0617972, SES 0214483, SES-0080324, SBR-9708098);
Koch Foundation;
Thomas R. Brown Foundation;
University of Arizona
Scope of Project
Subject Terms:
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New Deal;
Great Depression ;
Labor markets;
poverty programs
Geographic Coverage:
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United States
Time Period(s):
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1929 – 1940
Collection Date(s):
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1998 – 2018
Methodology
Unit(s) of Observation:
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individuals
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