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National Bureau of Economic Research, Inc.

Incorporated under the Membership Corporation Laws of the State of New York, January 29, 1920

T

ITS ORGANIZATION AND PURPOSES

HE National Bureau of Economic Research was organized in 1920 in response to a growing demand for exact and impartial determinations of facts bearing on economic, social, and industrial problems.

It seeks not only to find facts and make them known, but to determine them in such manner and under such supervision as to make its findings carry conviction to Liberal and Conservative alike.

Entire control of the Bureau is vested in a Board of twenty directors, representing learned and scientific societies, financial, industrial, agricultural, commercial, labor, and technical organizations.

Rigid provisions in the Charter and By-Laws guard the Bureau from becoming a source of profit to its members, directors, or officers and from becoming an agency for propaganda. No report of the Research Staff may be published without the approval of the Directors and any Director who dissents from any finding approved by a majority of the Board may have such dissent published with the majority report.

The members of the Board of Directors are as follows:

DIRECTORS AT LARGE

T. S. ADAMS, Professor of Political Economy, Yale University, Vice-President. JOHN R. COMMONS, Professor of Political Economy, University of Wisconsin. JOHN P. FREY, Editor, International Molders' Journal, Chairman of the Board. EDWIN F. GAY, Professor of Economic History, Harvard University, Director of Research,

HARRY W. LAIDLER, Secretary, The League for Industrial Democracy. GEORGE O. MAY, Senior Partner, Price, Waterhouse and Company, President. ELWOOD MEAD, Commissioner of the Bureau of Reclamation.

WESLEY C. MITCHELL, Professor of Economics, Columbia University, Director of Research.

DWIGHT W. MORROW, Member of firm of J. P. Morgan and Company.

GEORGE SOULE, Director, The Labor Bureau, Inc.

N. I. STONE, Industrial Consultant.

ALLYN A. YOUNG, Professor of Economics, Harvard University.

DIRECTORS BY APPOINTMENT

HUGH FRAYNE, American Federation of Labor.

DAVID FRIDAY, American Economic Association.
LEE GALLOWAY, American Management Association.
WALTER R. INGALLS, American Engineering Council.

GEORGE E. ROBERTS, American Bankers Association, Treasurer.
M. C. RORTY, American Statistical Association.
A. W. SHAW, National Publishers' Association.
GRAY SILVER, American Farm Bureau Federation.

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MIGRATION AND BUSINESS

CYCLES

By

HARRY JEROME

OF THE STAFF OF THE

NATIONAL BUREAU OF ECONOMIC RESEARCH

INCORPORATED

With a Foreword by

WESLEY C. MITCHELL

NEW YORK

NATIONAL BUREAU OF ECONOMIC

RESEARCH, Inc.

1926

NATIONAL BUREAU OF ECONOMIC RESEARCH, INC

Publications in the order of their issue.

INCOME IN THE UNITED STATES

Volume I. A summary of an Investigation of the Amount and Distribution of Income in the United States, 1909-1919, intended for readers who are primarily interested in the results. 152 pages, (Fifth printing) $1.58 postpaid. Volume II. A report giving in full the methods and estimates on which the results shown in Volume I are based. 440 pages, (Second printing) $5.15 postpaid.

DISTRIBUTION OF INCOME BY STATES IN 1919

A study of the share of each state in the national income with a si analysis of the amount and relative importance of farmers' incom pages, (Third printing) $1.30 postpaid.

BUSINESS CYCLES AND UNEMPLOYMENT

Results of an investigation made for the President's Conference on Unemployment. By the staff of the Bureau with 16 collaborators. Twentyone topics covered. This report summarizes the known facts of unemployment and describes the various methods suggested to control the business cycle and alleviate cyclical unemployment. 405 pages, $4.10 postpaid.

EMPLOYMENT, HOURS, AND EARNINGS

IN PROSPERITY AND DEPRESSION

Results of an inquiry conducted by the National Bureau of Econ Research, with the help of the U. S. Bureau of Markets and Crop Estir and the Bureau of Census, for the President's Conference on Unemploy Gives full details of investigation summarized in Business Cycles and employment to which it is a companion volume. 147 pages, (Out of print.)

THE GROWTH OF AMERICAN TRADE UNIONS, 1880-1923

Results of a comprehensive investigation of trade union membership year by year; its fluctuations with the business cycle; effects of World War conditions; women in trade unions. Contains also a detailed analysis of the total working population. 170 pages, $3 postpaid.

INCOME IN THE VARIOUS STATES

ITS SOURCES AND DISTRIBUTION, 1919, 1920 AND 1921

This volume gives the total and per capita income carefully adjusted for every state, with special tables showing the incomes of farmers, wage earners, persons of large means, and other matter relevant to the purchasing power and economic conditions of the different parts of the country. 306. pages, $5 postpaid.

BUSINESS ANNALS

A descriptive summary of business conditions in United States, England,
France, Germany, Austria, Russia, Sweden, Netherlands, Italy, Argentina,
Brazil, Canada, South Africa, Australia, India, Japan and China, for periods
from 36 to 136 years with an introduction Business Cycles as Revealed by
Business Annals. 384 pages, $4 postpaid.

Copies of available reports may be obtained upon application
accompanied by remittance to

NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
474 West 24th Street, New York

348638

ECONOMIC RESEARCH, INCORPORATED

No. 9.

MIGRATION AND BUSINESS CYCLES

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