Hoover's Truce
Wage Rigidity in the Onset of the Great Depression
Bibliographic Data
| ID | 4918657 |
|---|---|
| Authors | Jonathan Rose (0009-0005-1323-0870, Federal Reserve Board of Governors, corresponding author), Jonathan D Rose |
| Year | 2010 |
| Volume | 70 |
| Issue | 4 |
| Pages | 843-870 |
| Publication date | 2010-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic History (JOURNAL) |
| Journal identifiers | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0022050710000744 |
| OpenAlex | W2107250585 |
| Language | EN |
| Citations received | 4 |
| References cited | 24 |
This article analyzes President Herbert Hoover's role in causing wage rigidity during the onset of the Great Depression, through two conferences in which he encouraged business leaders to maintain high wages. New data on the set of firms and trade associations attending these conferences provides evidence that Hoover's conferences delayed the cuts in hourly wages at a small number of large firms, although this result may have been due to characteristics of the particular industries the firms represented. In a cross-section of industries, there is no evidence that industry representation at the December conference affected the timing of wage cuts
Depression (economics) · Economics · Great Depression · Keynesian economics · Labour economics · Political science · Representation (politics) · Rigidity (electromagnetism) · Wage · American History and Culture · Engineering · Historical Economic and Social Studies · Italy: Economic History and Contemporary Issues · Law
Employing Bureaucracy
Scale and Scope
Wage Determination Under Trade Unions
The Hoover Administration
The Presidency of Herbert C. Hoover
Procyclical Labor Productivity and Competing Theories of the Business Cycle
Real Wages, Employment, and Inflation
The Microeconomics of Depression Unemployment
Exchange Rates and Economic Recovery in the 1930s
Wage Determination under Trade Unions
Secretary Hoover and the Emergence of Macroeconomic Management
America's Great Depression
Employment and Unemployment in the 1930s
Employing Bureaucracy
| Unique citing works | 4 |
|---|---|
| Citations per year | 0,29 |
| Citation span | 2012 - 2024 (13) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 4 |