scholarly journals Frontier Culture: The Roots and Persistence of “Rugged Individualism” in the United States

Econometrica ◽  
2020 ◽  
Vol 88 (6) ◽  
pp. 2329-2368 ◽  
Author(s):  
Samuel Bazzi ◽  
Martin Fiszbein ◽  
Mesay Gebresilasse

The presence of a westward‐moving frontier of settlement shaped early U.S. history. In 1893, the historian Frederick Jackson Turner famously argued that the American frontier fostered individualism. We investigate the “frontier thesis” and identify its long‐run implications for culture and politics. We track the frontier throughout the 1790–1890 period and construct a novel, county‐level measure of total frontier experience (TFE). Historically, frontier locations had distinctive demographics and greater individualism. Long after the closing of the frontier, counties with greater TFE exhibit more pervasive individualism and opposition to redistribution. This pattern cuts across known divides in the United States, including urban–rural and north–south. We provide evidence on the roots of frontier culture, identifying both selective migration and a causal effect of frontier exposure on individualism. Overall, our findings shed new light on the frontier's persistent legacy of rugged individualism.

2021 ◽  
Vol 118 (37) ◽  
pp. e2107273118
Author(s):  
Bryan Leonard ◽  
Steven M. Smith

Where an individual grows up has large implications for their long-term economic outcomes, including earnings and intergenerational mobility. Even within the United States, the “causal effect of place” varies greatly and cannot be fully explained by socioeconomic conditions. Across different nations, variation in growth and mobility have been linked to more individualistic cultures. We assess how variation of historically driven individualism within the United States affects mobility. Areas in the United States that were isolated on the frontier for longer periods of time during the 19th century have a stronger culture of “rugged individualism” [S. Bazzi, M. Fiszbein, M. Gebresilasse, Econometrica 88, 2329–2368 (2020)]. We combine county-level measures of frontier experience with modern measures of the causal effect of place on mobility—the predicted percentage change in an individual’s earnings at age 26 y associated with “growing up” in a particular county [R. Chetty, N. Hendren, Q. J. Econ. 133, 1163–1228 (2018)]. Using commuting zone fixed effects and a suite of county-level controls to absorb regional variation in frontier experience and modern economic conditions, we find an additional decade of frontier experience results in 25% greater modern-day income mobility for children of parents in the 25th percentile of income and 14% for those born to parents in the 75th percentile. We use mediation analysis to present suggestive evidence that informal manifestations of “rugged individualism”—those embodied by the individuals themselves—are more strongly associated with upward mobility than formal policy or selective migration.


Author(s):  
Aref Emamian

This study examines the impact of monetary and fiscal policies on the stock market in the United States (US), were used. By employing the method of Autoregressive Distributed Lags (ARDL) developed by Pesaran et al. (2001). Annual data from the Federal Reserve, World Bank, and International Monetary Fund, from 1986 to 2017 pertaining to the American economy, the results show that both policies play a significant role in the stock market. We find a significant positive effect of real Gross Domestic Product and the interest rate on the US stock market in the long run and significant negative relationship effect of Consumer Price Index (CPI) and broad money on the US stock market both in the short run and long run. On the other hand, this study only could support the significant positive impact of tax revenue and significant negative impact of real effective exchange rate on the US stock market in the short run while in the long run are insignificant. Keywords: ARDL, monetary policy, fiscal policy, stock market, United States


2021 ◽  
Vol 12 (1) ◽  
Author(s):  
Bingyi Yang ◽  
Angkana T. Huang ◽  
Bernardo Garcia-Carreras ◽  
William E. Hart ◽  
Andrea Staid ◽  
...  

AbstractNon-pharmaceutical interventions (NPIs) remain the only widely available tool for controlling the ongoing SARS-CoV-2 pandemic. We estimated weekly values of the effective basic reproductive number (Reff) using a mechanistic metapopulation model and associated these with county-level characteristics and NPIs in the United States (US). Interventions that included school and leisure activities closure and nursing home visiting bans were all associated with a median Reff below 1 when combined with either stay at home orders (median Reff 0.97, 95% confidence interval (CI) 0.58–1.39) or face masks (median Reff 0.97, 95% CI 0.58–1.39). While direct causal effects of interventions remain unclear, our results suggest that relaxation of some NPIs will need to be counterbalanced by continuation and/or implementation of others.


2021 ◽  
Vol 59 ◽  
pp. 21-23
Author(s):  
Mao Yanagisawa ◽  
Ichiro Kawachi ◽  
Christopher A. Scannell ◽  
Carlos Irwin A. Oronce ◽  
Yusuke Tsugawa

2019 ◽  
Vol 16 ◽  
pp. 101007
Author(s):  
Kristin Primm ◽  
Alva O. Ferdinand ◽  
Timothy Callaghan ◽  
Marvellous A. Akinlotan ◽  
Samuel D. Towne ◽  
...  

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