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Working Paper No. 210November 01, 1997
The Effects of Immigrants on African-American Earnings
AbstractThe improvement in the relative economic status of African American workers in the 1960s and 1970s was reversed in the 1980s. During that decade immigration to the United States reached…more
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Working Paper No. 216November 01, 1997
The Impact of Racial Segregation on the Education and Work Outcomes of Second-generation West Indians in New York City
AbstractMary C. Waters, a professor of sociology at Harvard University, examines one way in which race matters in the United States by studying black children of immigrants in New York…more
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Working Paper No. 215November 01, 1997
Achievement and Ambition among Children of Immigrants in Southern California
AbstractThe influx of immigrants to the United States after 1965 has reached levels not seen since the early part of the century. The ability of these recent immigrant groups and…more
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Working Paper No. 214November 01, 1997
The School-to-Work Transition of Second-generation Immigrants in Metropolitan New York
AbstractSocial scientists have only begun to study the experiences of the 15 million immigrants who have settled in the United States since 1965 and have learned even less about their…more
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Public Policy Brief No. 36October 09, 1997
Dangerous Metaphor: The Fiction of the Labor Market
AbstractThe concept of a labor market, responding to familiar underpinnings of supply and demand, completely colors thought on the relationship between employment, wages, and inflation, according to James K. Galbraith….more
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Public Policy Brief No. 35October 08, 1997
Reflecting the Changing Face of America
AbstractOn the United States’ census form, American citizens are told they may list any ethnic ancestries with which they identify, but are instructed to “mark one only” in the question…more
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Working Paper No. 209October 01, 1997
Cumulative Regional Decline, Institutional Inadequacy, and the “Democratic Deficit”
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Working Paper No. 208October 01, 1997
On Budget Deficits and Capital Expenditure
AbstractNo further information available.
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Public Policy Brief No. 34September 07, 1997
Safeguarding Social Security
AbstractThe falling ratio of workers to retirees in the United States has raised concerns about Social Security’s ability to continue to provide a base level of support for all retired…more
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Public Policy Brief No. 33August 06, 1997
Is There a Trade-Off between Unemployment and Inequality?
AbstractRebecca M. Blank considers how the flexibility of American labor markets and the regulation and redistribution policies of European labor markets may determine employers’ responses to worldwide economic transformations that…more
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Public Policy Brief No. 32August 05, 1997
What’s Missing from the Capital Gains Debate?
AbstractThe recent enactment of a capital gains tax cut resulted, according to the authors, from the absence of a true appreciation or consideration of the real beneficiaries of such a…more
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Working Paper No. 205August 01, 1997
Macroeconomics without Equilibrium or Disequilibrium
AbstractDistinguished Scholar Wynne Godley creates a numerical simulation model that attempts a synthesis between the monetary theory of Hicks and Kaldor, the asset allocation theory of James Tobin, and the…more
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Working Paper No. 204August 01, 1997
The Growth in Work Time and the Implications for Macro Policy
AbstractIn May 1997, the official unemployment rate was 4.8 percent—the lowest in 24 years. Not long ago, most economists would have considered such an unemployment record impossible to achieve without…more
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Working Paper No. 203August 01, 1997
The NAIRU
AbstractThe nonaccelerating inflation rate of unemployment, or NAIRU, has acquired a central role in macroeconomic theory. Fear of inflation has led to a reluctance to allow the unemployment rate to…more
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Working Paper No. 202August 01, 1997
Aggregate Demand, Investment, and the NAIRU
AbstractThe nonaccelerating inflation rate of unemployment, or NAIRU, is generally viewed as a supply-side-determined, short-run equilibrium rate of unemployment. In most NAIRU models, aggregate demand plays no essential role in…more
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Working Paper No. 201August 01, 1997
Organizational Learning and International Competition
AbstractOver the last three decades, despite economic growth, the United States has experienced both increasing relative inequality and an absolute decline of real wages. Explanations sometimes offered for this inability…more
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Working Paper No. 200August 01, 1997
Second Generations
AbstractThis paper takes a doubting, though friendly, look at the hypotheses of “second generation deciine” and “segmented assimiiation” that have framed the emerging research agenda on the new second generation….more
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Working Paper No. 207August 01, 1997
Reasserting the Role of Keynesian Policies for the New Millennium
AbstractIn this paper, Philip Arestis, of the University of East London, and Visiting Scholar Malcolm Sawyer, of the University of Leeds, assert the need for revived and revised Keynesian policies…more
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Working Paper No. 206August 01, 1997
Are Good Jobs Flying Away?
AbstractAerospace, once the "crown jewel" of American manufacturing, is experiencing a structural decline characterized by a narrowing of the industry trade surplus, an increase in the foreign content of commercial…more
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Working Paper No. 197July 01, 1997
Minimum Wage and Justice?
AbstractOpposition to the minimum wage, according to Resident Scholar Oren M. Levin-Waldman, ultimately rests on a popular political philosophy and a popular economic theory. The popular version of classical liberal…more
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Working Paper No. 196July 01, 1997
Skiki vono ko shtuvalo?
AbstractAfter the collapse of the Soviet bloc many of the transition economies experienced significant inflation, largely because their new monetary authorities and undeveloped tax infrastructure induced them to resort to…more
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Working Paper No. 199July 01, 1997
Good Jobs and the Cutting Edge
AbstractGood, stable jobs with high earnings started to disappear from the United States economy in the late 1970s. The loss of the majority of these jobs resulted from structural changes,…more
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Working Paper No. 198July 01, 1997
Earnings Inequality and the Quality of Jobs
AbstractThe increase in earnings inequality in the United States is now a widely accepted fact that much economics literature has attempted to explain. Philip Moss, of the University of Massachusetts…more
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Working Paper No. 195June 01, 1997
“Multiracials,†Racial Classification, and American Intermarriage—The Public’s Interest
AbstractHow the census of 2000 is to count “multiracial” people is a hot topic in Washington. A federal task force presented a draft of its recommendations in July, and the…more
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