TY  - JOUR
AU  - Margo,Robert A.
TI  - Wages in California During the Gold Rush
JF  - National Bureau of Economic Research Historical Working Paper Series
VL  - No. 101
PY  - 1997
Y2  - June 1997
UR  - http://www.nber.org/papers/h0101
L1  - http://www.nber.org/papers/h0101.pdf
N1  - Author contact info:
Robert A. Margo
Department of Economics
Boston University
270 Bay State Road
Boston, MA 02215
Tel: 617/353-6819
Fax: 617/343-8495
E-Mail: margora@bu.edu
AB  - The California Gold Rush was an unexpected shock of tremendous size that prompted the costly re-allocation of labor to a frontier region.  Using newly-collected archival data, this paper presents estimates of nominal and real wages in Gold Rush California.  Consistent with a simple dynamic model of labor market adjustment, real wages rose sharply during the early years of the Rush (1848-1852), declined abruptly following massive in-migration 1850s.  However, although the Rush itself was a transitory event, it left California wages permanently higher.  Estimates based on census data suggest that the supply of labor into Gold Rush California was about half as elastic as the supply of labor into Alaska during the Pipeline Era.
ER  -