Economic Inquiry articles from April 1990

Economic Inquiry archives from April 1990

Employment and welfare participation among women.
April 1, 1990... LAURIE J. BASSI The model makes a distinction between voluntary" and "involuntary" welfare receipt. The findings suggest that among female heads of households, the increase in welfare receipt that occurred between 1967 and 1979 was almost...

Why economic reforms fail in the Soviet system - a property rights-based approach. (Soviet-type economies)
April 1, 1990... JAN WINIECKI Why do economic reforms fail in Soviet-type systems despite the obvious interest of ruling groups in improving the performance of their ailing economies? The author applies a property rights-based analysis stressing modes of...

Capital controls and deviations from proposed interest rate parity: Mexico 1982.
April 1, 1990... MARK M. SPIEGEL An intervention analysis of the Mexican capital control policy of August 1982 shows the policy to have had a negative, but temporary, impact on the Mexican deviation from interest rate parity. Previous studies concerning...

1979-1982: rules or discretion in monetary policy?
April 1, 1990... GREGORY HOELSCHER What determined M1 growth from November 1979 through October 1982? A reaction function is developed and tested which ascribes the level of Ml to two Fed motives. One is the Fed's desire to hit its money growth targets,...

Profit sharing, wage bargaining, and unemployment.
April 1, 1990... BERTIL HOLMLUND The paper examines the effects of Profit sharing in an economy with decentralized wage bargaining. Profit sharing makes workers' income more sensitive to wage changes, and this leads to wage moderation. But economy-wide...

Efficiency wage models of unemployment - one view.
April 1, 1990... H. LORNE CARMICHAEL Persistent wage rigidity and involuntary unemployment appear to be recurrent problems in most economies. What could be preventing the wage adjustment necessary to clear the labor market? Many recent papers claim to have...

Efficiency wage models of unemployment: a second view.
April 1, 1990... KEVIN LANG and SHULAMIT KAHN Efficiency wage models, in which firms find it profitable to pay wages above workers' reservation wages, provide a promising explanation for unemployment and interindustry wage differentials. One criticism of...

Export instability and long-term capital flows: response to asset risk in a small economy.
April 1, 1990... JOHN NASH An open capital account allows long-term capital flows to automatically mitigate adverse effects of export instability on domestic saving and investment. An application of portfolio management theory shows that risks that are...

Interest rate ceilings and the role of security and collection remedies in loan contracts.
April 1, 1990... NEELA D. MANAGE Collateral or other security for personal loans and restrictions on creditor remedies for the collection of debts have varying effects on the price and quantity of credit which depend in turn on the level of interest rate...

The political economy of U.S. wheat legislation.
April 1, 1990... BRUCE A. BABCOCK, COLIN A. CARTER and ANDREW SCHMITZ Both taxpayer subsidies to U.S. wheat producers and domestic deadweight losses increased as a result of the U.S. wheat program adopted in 1985. A calculation of the costs and benefits of...

Further analysis of the theory of economic regulation: the case of the 1969 Coal Mine and Health and Safety Act.
April 1, 1990... SCOTT M. FUESS, JR. and MARK A. LOEWENSTEIN How does government regulation influence the structure of industries? In the coal mining industry increased safety can be provided with personal protection devices or with engineering controls;...

Government debt and the demand for money: an extreme bound analysis.
April 1, 1990... M. KEIVAN DERAVI, CHARLES E. HEGJI and H. DEAN MOBERLY The article provides evidence that there is a relationship between government debt and interest rates via the demand for money. This relationship is examined through the wealth effect...

Teaching tools: internationalizing macroeconomic principles.
April 1, 1990... I. INTRODUCTION It is now commonly observed that the United States economy is no longer independent of the international marketplace. While for many years U.S. imports, as a percentage of GNP, were much smaller than those of its major...