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 VIII. The influence of economic conditions in the countries of emigration

Collection:: Economics Books

INFLUENCE OF ECONOMIC CONDITIONS 209 In those relatively infrequent periods when prosperity in the United States is coincident with depression in the country of emi- gration, the tendency for emigration to the United Statesito be high would presumably have the effect of ameliorating unemploy- ment in the home country. On the other hand, when, as frequently is the case, periods of prosperity or of depression are common to the United States and the leading countries of emigration, the effect is less fortunate. When prosperity is being experienced, emigration is relatively high; when depression reigns, it is relatively low. In earlier chapters we have seen that despite the sensitiveness of the flow of immigration to industrial conditions in the United States, the net effect of cyclical fluctuations in immigration is to aggravate, on the whole, the unemployment problem in the United States. It would appear that, in those periods when cyclical conditions in the two countries are similar, the effect on cyclical unemployment in the countries of emigration must be even less favorable than in the United States, for in such periods the emigrant tends to leave when industrial conditions are good and to remain at home when they are bad.

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