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

Structure type:: Chapter

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

Collection:: Economics Books

114 MIGRATION AND BUSINESS CYCLES began in July, 1907, shortly before the signs of the depression began to be evident. Chart 21 portrays the movement of gross and net immigration CHART 21 CoMPARISON OF CUMULATIVE IMMIGRATION ‘AND EMIGRATION WITH Factory EMPLOYMENT IN THE 1908 DEPRESSION: Number arriving or departing while employment curve vs below its trend Employ. Fie "CALE FOR PERSONS Fp Employ- JZ IMMIGRANTS AND EMIGRANTS Above zero line ALL ALIENS ARRIVING OR parr | 2227 After September 1907 =immigration After Septernber [90% 9 EE lative 200 Thousand ago FT TE tw Tima S| 2 pity ~ L © 200 J 200 hes ati 600 Thousan 5500 : } LE ss. Factor Employ Blow s8r0 ine ei. NN lu R250 .. 1909 "190> !' 1898 ETE «Plotted from numerical data in Table 26 and computations based upon Appendix Table IV. during the period of the depression, which is defined as the period during which our factory curve remained below its computed trend, or from October, 1907, to February, 1909, inclusive. In addition to the employment cycle curve, the left-hand section of the chart shows the total number of alien immigrants arrived after Septem- ber, 1907, to the end of each respective month, and also the net alien immigration when the number of emigrants is deducted from the cumulative total for immigration. Too much importance should not be assigned to the apparent relative magnitude of the employ- ment and migration fluctuations as the scales are necessarily some- what arbitrary. They are so chosen that the vertical unit for 100,000 persons is the same as that for a one per cent deviation of employ- ment from its computed trend. The right-hand section of the chart is similar to the left-hand section, except that the movement of all aliens, both immigrant and non-immigrant, emigrant and non-emigrant, is shown.

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