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Working Paper No. 43December 10, 1990
International Comparison of Household Inequalities
AbstractThis paper demonstrates the usefulness of the decomposability property of the Generalized Entropy (GE) family of measures in comparing inequality among countries. A family of Generalized Entropy measures are decomposed…more
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Working Paper No. 42December 09, 1990
Poverty and Choice of Marital Status
AbstractOver the last few decades in the United States, the poverty rate for female-headed families has been about five times the poverty rate for other family types. This paper addresses…more
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Working Paper No. 41December 09, 1990
Generalized Entropy Measures of Long-run Inequality and Stability among Male Headed Households
AbstractShort and long-run inequalities and income stability among households with male heads are measured and analyzed using the Panel Study of Income Dynamics for 1969–81. The results suggest short-run inequalities…more
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Working Paper No. 40November 10, 1990
A Kernel Regression of Phillips’ Data
AbstractEconomists have assumed that the Phillips curve, which shows a positive (negative) relation between inflation and the output ratio (unemployment rate), may be mapped off the aggregate demand -aggregate supply…more
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Working Paper No. 39November 09, 1990
Poverty and Household Composition
AbstractThis paper has investigated the relationship between poverty and family type, as reflected in the marital status and gender of the head of the family number of factors have been…more
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Working Paper No. 38July 10, 1990
The Mathematics of Economic Growth
AbstractTraditionally, economists have considered that mathematics acts as a universal language that lends clarity to theoretical statements. This paper proposes that mathematics does not function as a mere language. Rather,…more
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Working Paper No. 37May 10, 1990
What Happened to the Corporate Profit Tax?
AbstractThe radical reorientation of the federal budget during the 1980s provided generously for military expansion at the expense of pressing social needs. In the wake of such dramatic upheavals, the…more
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Working Paper No. 36April 10, 1990
The Microeconomics of Monopoly Power
AbstractThe purpose of this paper is to outline a consistent microeconomic theory of the firm based on the concept of monopoly power. It builds on the heritage of Post Keynesian…more
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Working Paper No. 35January 10, 1990
Industrial De-diversification and Its Consequences for Productivity
AbstractDue in large part to intense takeover activity during the 1980s, the extent of American firms’ industrial diversification declined significantly during the second half of the decade. The mean number…more
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Working Paper No. 34January 01, 1990
The Determinants of US Foreign Production
AbstractBased on an analysis of industry by region data the author finds little evidence that U.S. unions have been a significant factor in the decision of U.S. firms to produce…more
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Working Paper No. 33December 10, 1989
What Remains of the Growth Controversy?
AbstractThis essay contrasts the production function approach to Kaldor’s model of increasing returns which are demand-determined. In particular, the essay analyzes Kaldor’s three major empirical "laws", which were adopted by…more
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Working Paper No. 32November 10, 1989
The Effects of Mergers on Prices, Costs, and Capacity Utilization in the US Air Transportation Industry, 1970–84
AbstractWe analyze the effect of mergers on various aspects of airline performance during the period 1970-84, using a panel data set constructed by Caves et al. Estimates derived from a…more
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Working Paper No. 31September 01, 1989
The Changing Role of Debt in Bankruptcy
AbstractThe changing economic environment of the late 1980s has been dominated by the financial I innovations brought about by the growing demand for credit by U.S. corporations. When looking at…more
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Working Paper No. 30August 10, 1989
Growth Cycles in a Discrete, Nonlinear Model
AbstractThis paper develops a discrete, nonlinear growth cycle model for a macroeconomy. The nonlinearities, which correspond to empirical relationships between profitability and capacity utilization in the postwar U.S. economy, can…more
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Working Paper No. 29August 01, 1989
Unionization and the Incidence of Performance-based Compensation in Canada
AbstractNo further information available.
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Working Paper No. 28July 10, 1989
The Covariance Transformation and the Instrumental Variables Estimator of the Fixed Effects Model
AbstractThe covariance transformation is a useful and often necessary procedure to estimate the fixed effects model. When some explanatory variables are contemporaneously correlated with the disturbance term, the covariance transformation…more
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Working Paper No. 27June 10, 1989
Money and Equilibrium
AbstractEconomic theory has undergone a very deep transformation during the last forty years. Its method and its tools of analysis have evolved dramatically. The standards by which theoretical statements are…more
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Working Paper No. 26June 09, 1989
Marx’s Value, Exchange, and Surplus Value Theory
AbstractThe concept of commodity society based on a specific division of labour (opposition between private and social labor) and that of surplus-value are the most prominent achievements of Marx’s intellectual…more
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Working Paper No. 25June 07, 1989
Kaleckianism vs. “New” Keynesianism
AbstractThe economics of Kalecki and of the New Keynesianism exhibit remarkable parallels. The major doctrine they have in common is that of business net worth, or equity, as the major…more
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Working Paper No. 24June 06, 1989
Financial Instability
AbstractThis study is a continuation of the empirical research on the impacts of debt; it argues that debt-usage is not neutral and that the currency of its cost is bankruptcy….more
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Working Paper No. 23May 10, 1989
Viability and Equilibrium
AbstractMore than fifty years after the publication of Keynes’ General Theory and of the review article by Hicks, ISLM remains the basic model for teaching Keynesian macroeconomics. Some Keynesians have…more
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Working Paper No. 22May 08, 1989
Debt and Macro Stability
AbstractThere has been much recent interest in the problem of financial instability in the macro economy. Some researchers have looked for cyclical and secular co-movements between debt accumulation, financial crises,…more
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Working Paper No. 21April 10, 1989
The Structure of Class Conflict in a Kaleckian-Keynesian Model
AbstractThis paper seeks to explore this issue of the existence and nature of class conflict within a picture of the economy that could be called Kaleckian-Keynesian. Though the particular model…more
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Working Paper No. 20April 09, 1989
Profits, Cycles, and Chaos
AbstractSome time ago, Goodwin (1967) offered an elegant and influential model to represent part of Marx’s thinking on business cycles. In that model he was able to show how the…more
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