BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Talks.cam//talks.cam.ac.uk//
X-WR-CALNAME:Talks.cam
BEGIN:VEVENT
SUMMARY:The labor market consequences of electricity adoption: concrete ev
 idence from the Great Depression - Dr Miguel Morin (Cambridge)
DTSTART:20150223T130000Z
DTEND:20150223T140000Z
UID:TALK56624@talks.cam.ac.uk
CONTACT:31344
DESCRIPTION:It remains a puzzle that job creation was so low during the Gr
 eat Depression despite the quick recovery of productivity. This paper test
 s whether the adoption of electricity can explain both facts. It uses geog
 raphy as an instrument for the change in the price of electricity and the 
 concrete industry as a detailed case study. It finds that cheaper electric
 ity caused a decrease in employment and in the labor share of income\, as 
 well as an increase in labor quantity productivity and electrical intensit
 y. The findings lend support to the theory of technological unemployment d
 uring the Great Depression.
LOCATION:Seminar Room 5\, Faculty of History
END:VEVENT
END:VCALENDAR