Migration and business cycles

Bibliographic data

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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FOREWORD R. Macaulay had begun an elaborate investigation of bond yields and interest rates since 1859, which we hope will appear soon. Dr. Willard L. Thorp was making two collections of materials dealing with cyclical fluctuations—a collection, recently published, of business annals for 17 countries during periods ranging from 36 to 136 years, and a collection of economic statistics which is well ad- vanced. Finally, the present writer had in hand a general treat- ise upon Business Cycles, the first volume of which will be submitted to the directors of the National Bureau within a few months. Since the “shortage and surplus of labor in its relations to immigration and emigration” is chiefly a problem of short-period oscillations, it was obviously relevant to the National Bureau's existing scheme of work. At our request, the University of Wisconsin granted leave of absence to Dr. Harry Jerome, Assistant Professor of Economics, in order that he might assume charge of the new undertaking, and later extended the leave. To the University, and particularly to its Department of Economies, our hearty thanks are due. Aided by a small corps of assistants and the advice of other members of the National Bureau's staff, Dr. Jerome analyzed the voluminous, yet incomplete, records of migration to and from the United States, and compared these records with various indices of business activity here and abroad. The present volume presents in concise form his conclusions concerning the short-period fluctuations in the demand for and supply of labor in the United States, and the role played by migration in these fluctuations. The National Bureau hopes that this carefully documented study of a problem too often treated in a controversial spirit will prove useful to all who are interested in mi- grations and to all who are interested in business cycles. Before Dr. Jerome had finished the present monograph, the Committee on Scientific Problems of Human Migration asked the National Bureau to undertake another investigation. This concerns the problem of “Migration and the Mechanization of In- dustry’—that is, the relation between the conditions on which relatively unskilled labor can be hired and the adoption of auto- matic machinery for the performance of work which may be done by hand. In May, 1924, the recently organized Social Science Research Council appointed a Committe on Human Migration, which included besides three members of the older Committee (Dr. Yerkes, Miss Van Kleeck, and Dr. Wissler), Dr. Edith Abbott,

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