NBER Reporter articles from September 1994

NBER Reporter archives from September 1994

Labor studies. (research on wage inequality) (Program Report)
September 22, 1994... Two developments have made the period since I last summarized the work of the NBER's labor program particularly exciting: first, several topics of NBER research have attracted great public attention. Rising wage inequality, the subject of many...

What moves the stock market? (Research Summaries)
September 22, 1994... Stock prices tend to move with the state of the economy. This fact is both familiar--it describes the United States, the United Kingdom, and many other national markets in the postwar period, the interwar period, and the 19th Century(1)--and...

International taxation. (Research Summaries)
September 22, 1994... My research examines the impact of taxation on the level and performance of international business. There are three reasons why international taxation is the focus of a considerable amount of recent research in economics: First, there is growing...

NBER Profile: John Y. Campbell. (National Bureau of Economic Research)
September 22, 1994... John Y. Campbell, the director of the NBER's Program on Asset Pricing, grew up in Oxford, England, the son of a British father and an American mother. He received a B.A. from Oxford in 1979 and then moved to the United States to attend graduate...

NBER Profile: James R. Hines, Jr. (National Bureau of Economic Research)
September 22, 1994... James Hines is associate professor of public policy at the John F. Kennedy School of Government at Harvard University, and a faculty research fellow of the National Bureau of Economic Research. He teaches courses on tax policy both in the Kennedy...

NBER Profile: Merton H. Miller. (National Bureau of Economic Research)
September 22, 1994... Merton H. Miller, the Robert R. McCormick Distinguished Service Professor Emeritus at the Graduate School of Business (GSB), University of Chicago, was elected to the NBER's Board of Directors in April 1994. He received his A.B. from Harvard...

NBER Profile: Gerald A. Polansky. (National Bureau of Economic Research)
September 22, 1994... Gerald A. Polansky is the newest member of the NBER's Board of Directors, and has replaced Charles A. Walworth as Treasurer. Polansky retired from Deloitte & Touche at the end of 1992 as managing partner of the Office of Federal Services and a...

Work and Crime: An Exploration Using Panel Data.
September 22, 1994... Using data for a cohort sample of young men, we find that working and going to school both significantly decrease the probability of committing criminal acts, and by virtually identical amounts. Parochial school education and higher IQ also...