Title:               Earnings Yield of All Common Stocks on the New York Stock Exchange for United States
Series ID:           A13049USA156NNBR
Source:              National Bureau of Economic Research
Release:             NBER Macrohistory Database (Not a Press Release)
Seasonal Adjustment: Not Seasonally Adjusted
Frequency:           Annual
Units:               Percent
Date Range:          1871-01-01 to 1938-01-01
Last Updated:        2012-08-20 8:17 AM CDT
Notes:               Earnings Is Refered To As Earnings Price Ratio In The Source. Source:
                     Cowles Commission For Research In Economics, Monograph No. 3, Common
                     Stock Indexes, 1939, Table R-1, P. 404-405.
                     
                     This NBER data series a13049 appears on the NBER website in Chapter 13
                     at http://www.nber.org/databases/macrohistory/contents/chapter13.html.
                     
                     NBER Indicator: a13049

DATE        VALUE
1871-01-01   8.61
1872-01-01   8.62
1873-01-01   9.52
1874-01-01  10.02
1875-01-01   8.15
1876-01-01   6.91
1877-01-01   9.55
1878-01-01   9.22
1879-01-01   9.13
1880-01-01   9.42
1881-01-01   7.11
1882-01-01   7.25
1883-01-01   7.04
1884-01-01   6.48
1885-01-01   5.87
1886-01-01   6.14
1887-01-01   6.54
1888-01-01   5.01
1889-01-01   5.58
1890-01-01   5.42
1891-01-01   6.68
1892-01-01   6.59
1893-01-01   5.53
1894-01-01   3.70
1895-01-01   5.41
1896-01-01   4.98
1897-01-01   6.88
1898-01-01   6.90
1899-01-01   7.66
1900-01-01   7.74
1901-01-01   6.35
1902-01-01   7.48
1903-01-01   7.42
1904-01-01   6.91
1905-01-01   7.47
1906-01-01   7.91
1907-01-01   8.46
1908-01-01   7.43
1909-01-01   7.87
1910-01-01   7.78
1911-01-01   6.40
1912-01-01   7.37
1913-01-01   7.44
1914-01-01   6.41
1915-01-01  10.57
1916-01-01  16.17
1917-01-01  15.11
1918-01-01  13.15
1919-01-01  10.63
1920-01-01  10.08
1921-01-01   4.22
1922-01-01   8.25
1923-01-01  11.38
1924-01-01  10.27
1925-01-01  11.19
1926-01-01  10.05
1927-01-01   7.57
1928-01-01   7.30
1929-01-01   6.23
1930-01-01   4.74
1931-01-01   2.97
1932-01-01   0.72
1933-01-01   3.38
1934-01-01   3.89
1935-01-01   5.20
1936-01-01   5.86
1937-01-01   6.19
1938-01-01   3.86