Migration and business cycles

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Monograph

Identifikator:: 1736236210

URN:: urn:nbn:de:zbw-retromon-111544

Document type:: Monograph

Author:: Jerome, Harry

Title:: Migration and business cycles

Place of publication:: New York

Publisher:: National Bureau of Economic Research

Year of publication:: 1926

Scope:: 256 S.

Digitisation:: 2020

Collection:: Economics Books

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Document type:: Monograph

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Title:: Chapter V. The pre-war quarter century : 1890-1914

Collection:: Economics Books

THE PRE-WAR QUARTER CENTURY begins almost simultaneously in the two series, although employ- ment suffers a relapse in the middle of the year. As to the cumulative immigration during the period under con- sideration, whether we start to cumulate from the time the decline in employment begins in April, 1903, and continue until the lowest point in the employment curve is reached in August, 1904, or CHART 16 DEepPrEssioN or 1904 Cumulative Male Immigration and Cycles in Employment and Male Immigration +5 J 000,000 ALY 606, 00r “5! 300000 00 + 2 TE |A|S|oIMD LE is ow {ius Ju a ; Explanation of curves and sources of numerical data: A=F actory employment, cyclical fluctuations (Appendix Table ¥). , 1 BE Teale immigration, cyclical fluctuations, three-month averages (Appendix aple . C=Cumulative male immigration from beginning of employment decline (number of immigrants). See Table 21. D=Cumulative male immigration during period employment was below trend (number of immigrants). See Table 21. cumulate from January, 1904, to March, 1905, during which period employment was in all months except one below its computed trend—in either case we find that the cumulative number of male immigrants mounts into the hundreds of thousands, as graphically represented by the vertical bars in Chart 16. That this gross immigration was probably offset to a considerable extent by emigration is suggested by the fact that in the year ending June 30, 1904, the number of outgoing male steerage passengers was approximately 209,000. The years covered by the immediately preceding discussion were included in a study of cyclical fluctuations made by Professor Alvin 101

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