Labor Earnings Inequality in Manufacturing during the Great Depression

Felipe Benguria, Chris Vickers, Nicolas L. Ziebarth

Research output: Contribution to journalArticlepeer-review

3 Scopus citations


We study labor earnings inequality during the Great Depression using establishment-level information from the Census of Manufactures (COM). Inequality, as measured by the interquartile range in earnings per worker, declines by 10 log points between 1929 and 1933. However, by 1935, this difference has recovered to its 1929 level. In a decomposition, this decline and then rise in inequality is entirely explained by returns to observable factors, most notably the skill premium and regional differentials. The exit of establishments plays an important role in the initial decline in inequality but barely any role in the recovery.

Original languageEnglish
Pages (from-to)531-563
Number of pages33
JournalJournal of Economic History
Issue number2
StatePublished - Jun 1 2020

Bibliographical note

Publisher Copyright:
© The Economic History Association 2020.

ASJC Scopus subject areas

  • History
  • Economics and Econometrics
  • Economics, Econometrics and Finance (miscellaneous)


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