Financial Aspects of American Immigration

Mears, Eliot G.

doi:10.2307/2223034

The Economic Journal

1923

DOI: 10.2307/2223034

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Financial Aspects of American Immigration

Eliot G. Mears¹

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“… Feys (, p. 89); The Immigration Commission of the State of New York (, p. 38), reports that 60–80% of all tickets sold by steamship agents in New York State were prepaid tickets; Mears (, p. 335), opines that 40% “is a conservative guess.” See also Baines () and Magee and Thompson ().…”

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Cartel Organization, Price Discrimination, and Selection of Transatlantic Migrants: 1899–1911

Deltas

Sicotte

2016

Southern Economic Journal

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We study the effects of trans-Atlantic passenger shipping cartels on tourist/business and migrant traffic. Collusion had a smaller effect on first and second class service relative to third class service. Its effects were proportionately stronger eastbound, but less important in absolute numbers given smaller eastbound traffic. Collusion-driven consumer substitution across classes was small but non-negligible. Thus, collusion affected migrant traffic far more than tourist/ business traffic. We also confirm that collusion led to higher fares across all cabin classes, especially for steerage. We construct and calibrate an analytical model and show that the pattern of observed prices and volumes are consistent with a profit-maximizing cartel, thus buttressing the hypothesis that the collusion effects were causal. Finally, we document that collusion led to positive selection of migrants, as measured by literacy rates and financial resources.

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Cartel Organization, Price Discrimination, and Selection of Transatlantic Migrants: 1899–1911

Deltas

Sicotte

2016

Southern Economic Journal

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Loose ends? Discussing human capital and the economic value of education in the first half of the twentieth century¹

Teixeira¹

2020

The European Journal of the History of Economic Thought

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Financial Aspects of American Immigration

Cited by 2 publications

References 0 publications

Cartel Organization, Price Discrimination, and Selection of Transatlantic Migrants: 1899–1911

Cartel Organization, Price Discrimination, and Selection of Transatlantic Migrants: 1899–1911

Loose ends? Discussing human capital and the economic value of education in the first half of the twentieth century¹

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Financial Aspects of American Immigration

Cited by 2 publications

References 0 publications

Cartel Organization, Price Discrimination, and Selection of Transatlantic Migrants: 1899–1911

Cartel Organization, Price Discrimination, and Selection of Transatlantic Migrants: 1899–1911

Loose ends? Discussing human capital and the economic value of education in the first half of the twentieth century1

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Loose ends? Discussing human capital and the economic value of education in the first half of the twentieth century¹