Quarterly Journal of Economics articles from February 1994

Quarterly Journal of Economics archives from February 1994

Employment-based health insurance and job mobility: is there evidence of job-lock?
February 1, 1994... The majority of privately insured Americans obtain their health insurance through their own or a family member's employment. The rationale for employers to provide health insurance is straightforward. By pooling the risks of individuals,...

Autonomy and incentives in Chinese state enterprises.
February 1, 1994... I. CHINA'S INDUSTRIAL REFORMS In deciding the best way to reform a planned economy, one of the crucial questions is about the prospects for improvements in state-owned firms' notoriously low productivity. Can changes in policy induce state...

Litigation settlement and collusion.
February 1, 1994... I. INTRODUCTION There are numerous instances where regulations and laws affecting economic activity are enforced largely by market participants. Even though such regulations and laws are intended to promote the general welfare, private...

Permanent and transitory components of GNP and stock prices.
February 1, 1994... I. INTRODUCTION A recent voluminous literature has examined the long-run properties of GNP and stock prices, with surprising results. One would expect that GNP reverts to "potential GNP" or some other trend following a shock. Yet many studies...

Economic integration and endogenous growth: an addendum. (response to article by Michael B. Devereux and Beverly J. Lapham in this issue, p. 299)
February 1, 1994... The note by Devereux and Lapham |1994~ shows why it is important to check the robustness and stability of results that rely on symmetry assumptions. It shows that one of the equilibria for one of the two models that we consider in our paper...