scholarly journals Improving Estimation of Labor Market Disequilibrium through Inclusion of Shortage Indicators

Author(s):  
Matthew Baird ◽  
Lindsay Daugherty ◽  
Krishna Kumar
1980 ◽  
Vol 40 (1) ◽  
pp. 143-150 ◽  
Author(s):  
Richard K. Vedder ◽  
Lowell E. Gallaway

It is argued in this article that the labor market disequilibrium produced by the American Civil War was substantially eliminated through the process of interregional migration of population over the interval 1870–1920. This migration caused the system of regional labor markets to converge toward a “steady-state” equilibrium. It is estimated that the efficiencies introduced by this migration process explain 6 percent of per capita income levels in 1920.


1982 ◽  
Vol 27 (5) ◽  
pp. 368-368
Author(s):  
Lois F. Copperman ◽  
Donna Stuteville
Keyword(s):  

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