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 IV. Immigration and business cycles prior to 1890

Collection:: Economics Books

CHAPTER IV IMMIGRATION AND BUSINESS CYCLES PRIOR TO 18go Economic Motives for Migration. Evenfwith no direct knowledge of the statistics of immigration, one would be led to expect that variations in economic conditions in the United States would exercise a large influence upon the num- ber of incoming aliens. It will be granted that the hope of economic betterment is not the sole motive for emigration. Religious or political persecution, racial discrimination, or the mere love of adventure may be the impelling force. But, in the main, the emi- grant is a seller of labor, seeking the best price for his services, and hence not apt to be attracted by a stagnant market. Furthermore, for many prospective immigrants the financing of the trip becomes easier when times are prosperous in the United States, for at such times friends and relatives who have previously emigrated are in a better position to remit funds for the trip. Approximately one third of the total number of immigrants have their passage paid by relatives.! Even those who pay their own way are apt to find it easier to obtain the necessary funds in periods of prosperity in the United States, for, as we shall note more in detail in a subsequent chapter, periods of prosperity in the United States are ordinarily accompanied by prosperity in the country of emigration, when savings are more readily accumulated and property more easily disposed of.: Lastly, the increasing facility of communication tends, we should expect, to decrease the lag between industrial slumps and the con- sequent decreases in immigration. Opinions of Authorities on Immigration Problems. The arguments just cited for expecting a close relationship be- tween fluctuations in industry and immigration are uniformly supported by the conclusions of various authorities who have given consideration to this problem. 132.1 per cent in the seven fiscal years, 1908-1914, inclusive. 2See discussion of this point in Chapter VIII. ny

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