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Review of Economics and Statistics articles from February 2001
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Review of Economics and Statistics archives from February 2001
IDENTIFYING THE ROLE OF COGNITIVE ABILITY IN EXPLAINING THE LEVEL OF AND CHANGE IN THE RETURN TO SCHOOLING.(Statistical Data Included)
February 1, 2001... I. Introduction
This paper examines the contribution of ability to the rise in the economic return to education. A common view in both the popular and professional literature is that much of the increase in the return to education can be...
INTERTEMPORAL CHOICE AND THE CROSS-SECTIONAL VARIANCE OF MARGINAL UTILITY.
February 1, 2001... I. Introduction
One remarkable prediction of the permanent-income hypothesis with certainty equivalence is that consumption inequality within a group of households with fixed membership should, on average and over long periods of time,...
THE LONG-RUN CONSUMPTION EFFECTS OF EARNINGS SHOCKS.
February 1, 2001... I. Introduction
This paper examines the long-run consumption effects of two shocks--job displacement and disability--which are known to have permanent effects on earnings. The job displacement literature finds that earnings fall by 25%...
HOMELESS IN AMERICA, HOMELESS IN CALIFORNIA.(Statistical Data Included)
February 1, 2001... I. Introduction
THE visibility of street beggars and those sleeping in public places increased substantially about two decades ago, and the homeless became a substantive political issue at approximately the time of the inauguration of...
ESTATE TAXES, LIFE INSURANCE, AND SMALL BUSINESS.
February 1, 2001... I. Introduction
THE United States estate tax raises little revenue. In 2000, it is projected to generate approximately $30 billion.(1) Nevertheless, the tax engenders many complaints. Particularly vocal are the owners of family...
RETIREE HEALTH INSURANCE AND THE LABOR FORCE BEHAVIOR OF OLDER MEN IN THE 1990s.(Statistical Data Included)
February 1, 2001... I. Introduction
THE effect of health insurance reform on the employment behavior of older workers is of considerable interest. A reform that breaks the close link between employment and health insurance coverage could lead to a...
LONG-HORIZON EXCHANGE RATE PREDICTABILITY?
February 1, 2001... I. Introduction
SEVERAL authors have recently reported empirical evidence that monetary fundamentals may contain predictive power for movements in U.S. dollar exchange rates. Mark (1995), Chinn and Meese (1995), and Chen and Mark (1996),...
ENTERPRISE BREAKUPS AND PERFORMANCE DURING THE TRANSITION FROM PLAN TO MARKET.
February 1, 2001... I. Introduction
AS the central and eastern European (CEE) countries embarked on the transition from a planned to a market economy in the early 1990s, the restructuring of state-owned enterprises (SOEs) became a major policy issue. From...
PRODUCTION ORGANIZATION AND EFFICIENCY DURING TRANSITION: AN EMPIRICAL ANALYSIS OF EAST GERMAN AGRICULTURE.(Statistical Data Included)
February 1, 2001... I. Introduction
An important issue in central and eastern European (CEE) transition is the restructuring of production organizations and its impact on productive efficiency. A key question is whether so-called de novo firms are more...
REDUCING GOVERNMENT SPENDING WITH PRIVATIZATION COMPETITIONS: A STUDY OF THE DEPARTMENT OF DEFENSE EXPERIENCE.(Statistical Data Included)
February 1, 2001... I. Introduction
THE theoretical literature provides two approaches to reducing the cost of the government provision of goods and services. One approach (Rose-Ackerman, 1986; Tirole, 1994) is to implement incentive systems, eliciting...
U.S.-CANADA TRADE LIBERALIZATION AND MNC PRODUCTION LOCATION.(multinational corporations)(Statistical Data Included)
February 1, 2001... I. Introduction
THE decisions of multinational corporations (MNCs) about where to locate production have been at the forefront of the debate regarding free trade. As the recent debates in the United States over the NAFTA and in Canada...
LABOR MARKET COMPETITION AND INDIVIDUAL PREFERENCES OVER IMMIGRATION POLICY.(Statistical Data Included)
February 1, 2001... I. Introduction
INDIVIDUAL preferences over immigration policy are an essential input into any complete model of immigration policymaking. To understand both the policies implemented as well as the accompanying political conflict, we...
MODELING AND TESTING FOR HETEROGENEITY IN OBSERVED STRATEGIC BEHAVIOR.(Illustration)
February 1, 2001... I. Introduction
ECONOMIC theories often prescribe a single mode of behavior for "economic" agents. Real and experimental data, on the other hand, often suggest that humans exhibit several distinct modes of behavior.(1) This gap between...
PRICE PASS-THROUGH AND THE MINIMUM WAGE.(Illustration)
February 1, 2001... I. Introduction
A textbook consequence of competitive markets is that an industry-wide increase in the price of inputs is passed on to consumers through an increase in prices. Researchers interested in who bears the burden of taxation...
WHY KILL THE GOLDEN GOOSE? A POLITICAL-ECONOMY MODEL OF EXPORT TAXATION.(Statistical Data Included)
February 1, 2001... I. Introduction
WHY do African governments tax agriculture so heavily? Current explanations influenced heavily by the work of Bates (1981), attribute taxation of agriculture to the political power of urban constituents. Although this...
MEASURING THE EFFECTS OF SOCIO-ECONOMIC VARIABLES ON THE INCOME DISTRIBUTION: AN APPLICATION TO THE EAST GERMAN TRANSITION PROCESS.
February 1, 2001... I. Introduction
DiNARDO, Fortin, and Lemieux (1996) (DFL) present a very appealing way of investigating the effect of changes in structural variables--in their case labor market variables--on the income distribution, and in particular on...
POST-UNIFICATION WAGE GROWTH IN EAST GERMANY.(Statistical Data Included)
February 1, 2001... I. Introduction
FOLLOWING monetary union with West Germany in July 1990, the median real monthly consumption wage of East German workers aged 18 to 54 rose by 83% in six years. On the other hand, the employment rate fell from 89% to 73%...
PRODUCTIVITY GROWTH AND POLLUTION IN STATE MANUFACTURING.(Statistical Data Included)
February 1, 2001... I. Introduction
From 1988 to 1994, annual pollution abatement and control (PAC) expenditures by businesses in the United States increased from 48.4 billion dollars to 76.6 billion dollars (Vogan, 1996), which has led some observers to...
PRICE DISCRIMINATION IN THE AIRLINE MARKET: THE EFFECT OF MARKET CONCENTRATION.(Illustration)
February 1, 2001... I. Introduction
THEORETICAL literature shows that price discrimination may increase as the market becomes more competitive.(1) Two theoretical studies have addressed the connection between price discrimination and market concentration in...
