Tuesday Oct. 18th 4pm E-530 Dealy Please join us as Yale Professor Michael Peters examines the development impacts of one of the 20th Century’s largest population transfers. A preliminary draft of this paper is available here. After WWII more than 8 million Germans were were transferred to Western Germany from the Eastern provinces. Data from the 1960s and 70s shows that East German refugees experienced substantial reallocation into unskilled occupations. This illustrates how firms respond to large changes in labor supply. “In the short-run, falling wages induce firms to substitute towards the abundant factor. In the long-run however, firms’ labor demand will depend on their technological adoption decisions. If firms’ technological choices are affected by the labor supply they face, labor supply shifts will induce movements in aggregate labor demand… this reasoning is at the heart of the literature on endogenous technological bias (Acemoglu, 2007).” This paper exploits a large labor supply shock to test for this sort of endogenous technological change…
Oct 11th at 4pm in Dealy E-530. Please join us. In a new paper, Professor S Anukriti and her University of Connecticut coauthors Nishith Prakash and Sungoh Kwon use data from the Rural Economic and Demographic Survey to examine dowry payments for 39,544 marriages that occurred during 1960-2008 in rural India.
Illegal since 1961, “most Indian brides’ families pay a substantial amount of cash and gifts to grooms’ families at the time of marriage, often amounting to several years of household income.” Despite its prevalence, accurate data on dowry and even the definition of dowry and time trends have been hotly debated. Traditionally, dowry reflected stridhan, i.e., woman’s wealth, or a sort of premortem bequest as daughters typically did not inherit their fathers’ property. Over time, it has become a groom-price equating the supply and demand of brides and grooms in the marriage market.” Figures from their paper provided online here show that the groom prices have remained remarkably stable over time (Figure 1) but vary greatly by region and caste. Perhaps surprisingly, southern states Kerala and Tamil Nadu have (or had) higher than average groom prices (Figure 2). Dowry payments bridge religious groups in India, with Christians and Sikhs paying much higher groom prices than Hindus and Muslims (Figure 3). For additional graphics see Anukriti, 2016, Gender Matters: An Economist’s Perspective, Dowry in Rural India.
Practical Examples and New Proposals Friday in the E. Gerald Corrigan Conference Center at Lincolen Center 12 Floor Lowenstein, please see registration information below ($30 students, $175 for teachers and general participants $375) for more information click on the photo or here,