EconPapers    
Economics at your fingertips  
 

Finance and Growth: Household Savings, Public Investment, and Public Health in Late Nineteenth-Century New Jersey

Howard Bodenhorn ()

No 23430, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Saving is essential to the health of economies because it provides the wherewithal for investment. In the late nineteenth century, saving was also essential to the health of urban working-class households. This study brings together information from surveys of household spending and saving, reports of savings banks and insurance companies, water and sewer authorities, and health commissioners to illuminate the connections between household savings and health improvements. Contemporary financial institutions positively influenced economic growth by allocating capital to highly productive employments, including public infrastructure. Specifically, investments in waterworks contributed to the long-run decline in typhoid infection, which improved worker health and productivity.

JEL-codes: I15 N31 (search for similar items in EconPapers)
Date: 2017-05
New Economics Papers: this item is included in nep-dcm, nep-fdg, nep-hea and nep-his
Note: DAE
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://www.nber.org/papers/w23430.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:23430

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w23430

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2020-06-27
Handle: RePEc:nbr:nberwo:23430