Economic Inquiry articles from January 2002

Economic Inquiry archives from January 2002

African American migration to the North: New evidence for the 1910s.
January 1, 2002... Thomas N. Maloney (*) The years between 1910 and 1920 witnessed the first wave of the "Great Migration" of African Americans to the North. This article uses new census data from the Integrated Public Use Microdata Series project to study...

Understanding unemployment across California counties.(Statistical Data Included)
January 1, 2002... MARK L. RODINI (*) Unemployment rates differ widely and persistently across counties. This article examines equilibrium forces related to this geographic disparity with a focus on California. We show that although seasonal variation in...

Black-white wage inequality in the 1990s: A decade of progress.(Statistical Data Included)
January 1, 2002... MARY C. DALY (*) Using Current Population Survey data, we find that the gap between the wages of black and white males declined during the 1990s at a rate of about .60 percentage point per year. Wage convergence was most rapid among...

Computers and productivity: Are aggregation effects important?
January 1, 2002... KEVIN J. STIROH (*) This article examines the empirical implications of aggregation bias when measuring the productive impact of computers. To isolate "aggregation in variables" and "aggregation in relations" problems, we compare...

Distortionary taxation and optimal public spending on productive activities.
January 1, 2002... MUTSUMI MATSUMOTO (*) Using a general-equilibrium model with endogenous factor supplies, this article investigates the provision of factor-augmenting public inputs. Such inputs are intermediate goods that affect production functions in a...

Stock market wealth and consumer spending.(Statistical Data Included)
January 1, 2002... Martha Starr-McCluer (*) This article investigates the effects of stock market wealth on consumer spending. Traditional macroeconometric models estimate that a dollar's increase in stock wealth boosts consumption by three to seven cents....

Financial market variables do not predict real activity: Further evidence.
January 1, 2002... CHRISTIAN E. WEBER (*) Previous studies argue that financial variables do not help forecast U.S. output growth. F statistics for excluding financial variables from output growth equations depend on the sample period and the inclusion of...

Cointegration and structural change: An application to the U.S. demand for money.
January 1, 2002... WANKEUN OH (*) I perform the cointegration tests for the trivariate model of real monetary aggregates, real personal income, and short-term interest rate. I find the existence of a long-run relationship among these three variables. To...

Are the effects of monetary policy asymmetric?
January 1, 2002... HUNTLEY SCHALLER (*) By building on the Hamilton (1989) Markov switching model, we examine questions like: Does monetary policy have the same effect in expansions and recessions? Given that the economy is currently in a recession, does a...

The 10% flat tax: Tithing and the definition of income.
January 1, 2002... Developing a fair and widely accepted income definition presents one of the greatest challenges to tax reform. To arrive at a definition separate from the federal tax code, we surveyed 1200 Latter-day Saints about their practice of tithing....

Core journals in economics.
January 1, 2002... GAINES H. LINER (*) This article ranks core journals in economics using the textbook citation method. Rankings are produced from citations in graduate-level microeconomics, macroeconomics, and econometrics textbooks. Textbooks used in the...