University:
Boston University
Course:
CAS EC 323 | Behavioral Economics
Academic year:

2021
Views:

239

Pages:

10
Author:

Quincy Yoder

Table 1: Establishment Wage Inequality in American Manufacturing, 1820-1919 Panel A: Monthly Establishment Wage in Manufacturing, Inequality Statistics Sample Screens Type 1850 N, establishments N, workers 1860 N, establishments N, workers 1870 N, establishments N, workers 1880 N, establishments N, workers Full Sample Full Sample Ln (50/10) 0.62 Ln (90/50) 0.50 5,214 5,214 43,093 0.72 43,093 0.41 5,172 5,172 47,994 0.70 47,994 0.58 3,641 3,641 43,467 0.94 43,467 0.56 6,904 83,613 Full Sample Urban & Urban Brissenden Industries COV COV COV 0.467 0.506 0.498 {0.45} 5,214 941 1,291 43,093 0.481 {0.46} 5,172 16,145 0.487 19,105 0.468 1,265 1,671 47,994 0.507 {0.53} 3,641 21,222 0.451 26,377 0.474 600 863 13,930 0.544 20,518 0.542 6,904 43,467 0.571 {0.60} 6,904 2,075 3,397 83,613 83,613 44,177 60.585 Notes for panel A: Monthly wages in 1850 and 1860 are total monthly wages divided by total labor; monthly wages in 1870 = (Annual wage bill/months of operation)/number of workers; monthly wages in 1880 = (Annual wage bill/fulltime equivalent months)/number of workers. COV: coefficient of variation of average monthly wage. {}: standard deviation of ln (average monthly wage). Panel B: Annual Establishment Wage in Manufacturing, 1820, 1870-1880, and 1919: Coefficient of Variation Sample Screens Full Sample Northeast, 10 percent trim Urban & Brissenden Industries Urban 1820 0.403 N, 801 establishments N, workers 8,620 1870 0.521 0.406 0.435 0.470 N, 1,451 establishments N, workers 25,966 1880 0.596 0.516 0.570 0.563 N, 2,767 establishments N, workers 43,819 1919 0.335 (Brissenden) Notes for Panel B: Northeast, 10 percent trim: restricted to establishments in the Northeast, observations with annual establishments wages between 10th and 90th percentiles in the full distribution, among establishments reporting positive annual wage bill. Notes for panels A and B: Full Sample: to be included, establishments must report positive values of total labor (males + females in 1850 and 1860, males + females + children in 1870 and 1880), capital invested, and $500 of gross output; $4.76 < average monthly wage in 1850 < $190.5; $4.93< average monthly wage in 1860 < $197.33; $7.20 < average monthly wage in 1870< $314.67; $5.20