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Effects of New Deal Spending and the Downturns of the 1930s on Private Labor Markets in 1939/1940, Xing Liu and Price Fishback

Version
1
Resource Type
Dataset
Creator
  • Liu, Xing (Experian)
  • Fishback, Price (University of Arizona)
Publication Date
2018-01-06
Funding Reference
  • National Science Foundation Grants
    • Award Number: SES-135744, SES-1061927, SES- 0921732, SES 0617972, SES 0214483, SES-0080324, SBR-9708098
  • Koch Foundation
  • Thomas R. Brown Foundation
  • University of Arizona
Free Keywords
New Deal; Great Depression; Labor markets; poverty programs
Description
  • Abstract

    This document describes the data sets and files we used to estimate the model in the paper forthcoming in Explorations in Economic History.

    Effects of New Deal Spending and the Downturns of the 1930s on Private Labor Markets in 1939/1940
    Xing (Michelle) Liu and Price Fishback
    Abstract of paper
    Gross Domestic Product recovered much more quickly than labor markets did during the 1930s. We provide new analysis of this issue by estimating a cross-sectional model for individuals in 1939-1940 as a function of the measures of the Great Contraction of 1929-1933, the recovery, and the Second Dip Recession and average information for three types of New Deal spending. The results show that the Great Contraction of 1929-1933 and the Second-Dip Recession still had powerful negative effects on county labor markets in 1939/1940 and these were only partially offset by public works grants. Relief grants had somewhat negative effects although this might have arisen because of a large layoff of workers by the WPA in 1939. The AAA payments to farmers to take land out of production were associated with lower earnings and private employment, but had mixed effects on skill mobility.
Temporal Coverage
  • 1929-01-01 / 1940-12-31
    Time Period: Tue Jan 01 00:00:00 EST 1929--Tue Dec 31 00:00:00 EST 1940
  • 1998-01-01 / 2018-12-31
    Collection Date(s): Thu Jan 01 00:00:00 EST 1998--Mon Dec 31 00:00:00 EST 2018
Geographic Coverage
  • United States
Availability
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Update Metadata: 2018-11-17 | Issue Number: 1 | Registration Date: 2018-11-17

Liu, Xing; Fishback, Price (2018): Effects of New Deal Spending and the Downturns of the 1930s on Private Labor Markets in 1939/1940, Xing Liu and Price Fishback. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E107341V1