War and pestilence as labor market shocks
Subtitle: manufacturing wage growth 1914-1919
By: by Thomas A. Garrett
Series: Working paper -- 2006-018A; Working paper (Federal Reserve Bank of St. Louis : Online) -- 2006-018A.
Publisher: Federal Reserve Bank of St. Louis
Published: 2006
Place of publication: St. Louis, Mo.]
Language: eng
Format: [electronic resource] :
Description: "This paper explores the effect of mortalities from the 1918-1919 influenza pandemic and World War I on real wage growth in the manufacturing sectors of U.S.  states from 1914 to 1919.  The general hypothesis is that both events caused a significant decrease in the supply of manufacturing labor, thereby initially increasing the marginal product of labor and thus wages.  The empirical results reveal that influenza mortalities led to a greater overall increase in real manufacturing wage growth, but the marginal effect on wage growth from an additional World War I combat mortality was greater than that from the influenza pandemic"--Federal Reserve Bank of St. Louis web site.
Notes: Title from PDF file as viewed on 6/26/2006.

Includes bibliographical references.

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