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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Chapter

Document type:: Monograph

Structure type:: Chapter

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

Collection:: Economics Books

3 MIGRATION AND BUSINESS CYCLES depression exists and relatively low in boom times, this may be taken as evidence that net immigration is closely correlated with employment conditions. In Table 22 and Chart 17 we have this ratio of male steerage pas- sengers departing to male immigrants arriving, compared with the deviations of pig iron production from its trend (seven-year moving average). In interpreting this chart, it must be remembered CHART 17 ReraTioN BETWEEN CycLeEs IN PropucTioN oF Pic IRON AND #" RATI030F DEPARTING ALIEN MALE STEERAGE PASSENGERS TO MALE IMMIGRANTS: 1870-1909» gr Pigs .80 ~ Pig Iron Production nts I iN Ro Migration Ratio od © 1.508 FA 1d ' Bs "60 7 +20 £ N A a Dy | $10 FY A 2 x 2 40 | RE SO 0% ' ") =r), A N 0 To y- 20 "76 \i < “gi '04 i 5 ; r 8% I» 2 Lt WE =. O ~ I 0S... ST NS § | zsro-17s | 1880-1089 | 1890-1699 | 1s00-1909 sThe pig iron curve is computed from data in Table 12-A; the data for the migration ratio curve are in Table 22. that the pig iron figures are for calendar years, but the migration ratios are for years ending June 30th; so that, for example, the low point in pig iron production in 1908 represents the pig iron produc- tion for the twelve months ending December 31st, and the 1908 migration ratio refers to the twelve months ending June 30, 1908. Though the limitations of the data prevent precise comparisons, it is obvious from an examination of Chart 17 that there is a high degree of inverse correlation between industrial conditions as measured by pig iron production and the ratio of departing male steerage passengers to male immigrants. When pig iron production is at low ebb, as in the late seventies, the middle eighties, the middle nineties, and in 1904 and 1908, then the outgoing flow is large relative to the incoming flow. 104

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