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

Eo MIGRATION AND BUSINESS CYCLES the reader should in each case take into consideration the basis upon which the given comparison rests. In Chart 20, we have a comparison on a twelve-month basis; CHART 20 CUMULATIVE MIGRATION AND HART'S ESTIMATE oF CHANGES IN UNEMPLOYMENT IN NON-AGRICULTURAL OCCUPATIONS: Totals for twelve months ending in given month "CHANGE IN UNEMPLOYMENT dhoye zero line =decrease in number unemploved. yt =. 1 | : ' i : {, | Sl St A _CHANGE IN UNEMPLOYMENT! 3m Below zero line= increase «, In number unemployed. Sh : P= aly 0 | . | Ey 1904 7908 [1909] 1910 7912 | 1913 | 1914 | «Sources: Male immigrants computed from Appendix Table IL. Net alien arrivals computed from Table 24. Unemployment change, computed from estimates made by Professor Hornell Hart, see Chapter IIL. that is, each point on the male immigration curve represents the aggregate immigration of the preceding twelve months (including the given month) and each point on the unemployment curve repre- sents the increase or decrease in the number unemployed in non- agricultural pursuits, as estimated by Professor Hart. For example, in the twelve months ending in January, 1903, unemployment is estimated to have decreased one million and in the same twelve months 527,000 male immigrants arrived. It should be noted that on this chart when the unemployment curve is below the line, it represents an increase in unemployment; when above, a decrease. 12

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