Rowena Gray

Economic Penalties based on Neighborhood, and Wealth Building

01/03/2023

Abstract: Building wealth over lifetimes became possible for a broader span of the population in developed countries over the 20th century compared to any time in history. This was driven by more people having the capacity to save because of the expansion of middle-class jobs and education, access to highly developed financial markets, and government […]

Boomtowns: Local Shocks and Inequality in 1920s California

01/03/2022

Abstract: The 1920s in the United States were a time of high income and wealth growth and rising inequality, up to the peak in 1929. It was an era of technological innovations such as electrification as well as booms in consumer durables, housing, and asset markets. The degree to which these skill-biased opportunities shaped property […]

A Rising Tide? The Local Incidence of the Second Wave of Globalization

14/02/2022

Abstract: We estimate the short- and long-run local labor market impacts of the large increase in U.S. imports and exports that occurred over the 1970s. We exploit the sequential opening of overseas shipping container ports over the period, which generated discontinuous changes in U.S. trade ows. We find that the impacts of the export shock […]

Globalization, agricultural markets and mass migration: Italy, 1881–1912

17/10/2019

Abstract: Despite the significant attention paid to the current consequences of globalization for migration behavior, there are few historical accounts of the effect of commodity market integration at the local level. We set our paper within the context of the first globalization era, when migration flows were largely unregulated, and highlight how exogenous shocks in […]

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University of California, Merced

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