Econ113Lect10F - ECON 113: AMERICAN ECONOMIC HISTORY...

Info iconThis preview shows pages 1–9. Sign up to view the full content.

View Full Document Right Arrow Icon
ECON 113: AMERICAN ECONOMIC HISTORY Lecture 10
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Agenda Collection of Homework #5 (not due until 11/30, but can be turned in today) Putting it all together and connecting it to the present Review for the final: Almond and Cutler & Miller Wright and Rosenbloom Carter & Savoca, James, Jacoby
Background image of page 2
Announcements Office Hours: No office hours this Friday Next office hours: After class today 12/3 in 608-6 Evans Hall at 3:30pm Not needed for final exam: Lindert, Smith & Welch, Donohue & Heckman readings What to review for next class: Eichengreen’s Golden Fetters , Romer’s “Nation in Depression” Depression textbook chapters (20, 21, 22)
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Final – Question in Part I …these two studies combined suggest that the decline in mortality and improvement in health could have CAUSED rapid income growth. Conversely, there is also a large body of evidence that rich people live longer. .. How do these authors sort out the causality between health and income? Do you think the “exogenous” improvements in health were more important in promoting income growth, or the “exogenous” increases in income were more important in promoting health improvements?
Background image of page 4
How to answer Question in Part I Explain the question that each paper is asking Explain how the natural experiment gets around endogeneity coming from income Problem of simultaneity bias in C+M Reverse Causality problem in Almond Critique – provide a scenario in which exclusion restriction is violated Do you buy the work? Improvements to be made? Your opinion (based on the evidence) whether growth causes improved health or improved health causes growth
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Effect of Income (or SES) on Health
Background image of page 6
Effect of Income or SES on Health McKeown Hypothesis Fogel’s book (2004): Escape from Hunger and Premature Death Outlines the difficulty of disentangling increased income from wages, public health interventions and health care Costa (1995), Costa (1997) – Role of retirement and living arrangements Eli (2010) – Effect of income on disease onset and mortality Problem of Reverse Causality?
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Part III: Question #3 Why was the South a “low-wage region in a high- wage country” from the post-bellum period until the 1930s? What is the factor-price equalization theorem, and why doesn’t it apply to this case? Use Rosenbloom and Wright to answer this question
Background image of page 8
Image of page 9
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 29

Econ113Lect10F - ECON 113: AMERICAN ECONOMIC HISTORY...

This preview shows document pages 1 - 9. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online