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- W3208322710 abstract "Abstract We analyze sectoral labor reallocation and the reversal of urbanization in the United States during the Great Depression. The widespread movement to farms, which serves as a form of migratory insurance during the crisis, is largely toward farms with low levels of mechanization. In contrast, the mechanized agricultural sector sheds workers, many of whom reallocate into low-productivity or subsistence farming. The crisis perverts the normal process of structural change in which workers displaced by farm equipment are released into more productive occupations, suggesting that macroeconomic fluctuations are an important factor determining the labor market consequences of technological change." @default.
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- W3208322710 date "2023-07-01" @default.
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- W3208322710 title "Structural Change and Internal Labor Migration: Evidence from the Great Depression" @default.
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- W3208322710 doi "https://doi.org/10.1162/rest_a_01116" @default.
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