Publications

1714 publications found

• Working Paper No. 475
  August 22, 2006

  Capital Stock and Unemployment

  Alfonso Palacio-Vera, Ana Rosa Martinez-Canete, Elena Marquez de la Cruz, and Ines Perez-Soba Aguilar
  Abstract

  This paper examines the proposition that capital stock relative to aggregate output has been an important variable in the determination of the Non-Accelerating Inflation Rate of Unemployment (NAIRU) over the…more

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• Working Paper No. 474
  August 21, 2006

  On the Minskyan Business Cycle

  Korkut A. Ertürk
  Abstract

  The essential insight Minsky drew from Keynes was that optimistic expectations about the future create a margin, reflected in higher asset prices, which makes it possible for borrowers to access…more

  Download Working Paper No. 474 PDF (90.09 KB)
• Working Paper No. 473
  August 20, 2006

  The American Jewish Periphery

  Joel Perlmann
  Abstract

  This paper calls attention to the American Jewish periphery—Americans of recent Jewish origin who have only the most tenuous connections, if any, with those origins. This periphery has been growing…more

  Download Working Paper No. 473 PDF (108.67 KB)
• Working Paper No. 472
  August 19, 2006

  The Adequacy of Retirement Resources among the Soon-to-Retire, 1983–2001

  Edward N. Wolff
  Abstract

  A central issue confronting soon-to-retire workers (those aged 47–64) is whether they will have command over enough resources (both private and public) to maintain a decent standard of living in…more

  Download Working Paper No. 472 PDF (212.06 KB)
• Working Paper No. 471
  August 17, 2006

  Population Forecasts, Fiscal Policy, and Risk

  Shripad Tuljapurkar
  Abstract

  This paper describes how stochastic population forecasts are used to inform and analyze policies related to government spending on the elderly, mainly in the context of the industrialized nations. The…more

  Download Working Paper No. 471 PDF (178.00 KB)
• Working Paper No. 470
  August 16, 2006

  Retiree Health Benefit Coverage and Retirement

  Stephen A. Woodbury and James Marton
  Abstract

  Employer-provided health benefits for workers who retire before age 65 has fallen over the last decade. We examine a cohort of male workers from the Health and Retirement Survey to…more

  Download Working Paper No. 470 PDF (188.43 KB)
• Working Paper No. 469
  August 11, 2006

  The Changing Role of Employer Pensions

  Teresa Ghilarducci
  Abstract

  By any measure, pension coverage should be at an all-time high: the nation is richer and workers are older. However, the pension world is a paradox, as pension security falls…more

  Download Working Paper No. 469 PDF (222.77 KB)
• Working Paper No. 468
  August 10, 2006

  Global Demographic Trends and Provisioning for the Future

  L. Randall Wray
  Abstract

  The world’s population is aging. Virtually no nation is immune to this demographic trend and the challenges it brings for future generations. Relative growth of the elderly population is fueling…more

  Download Working Paper No. 468 PDF (263.53 KB)
• Working Paper No. 467
  August 09, 2006

  The Financial Requirements of Achieving Gender Equality and Women’s Empowerment

  Diane Elson, Caren A. Grown, Chandrika Bahadur, and Jessie Handbury
  Abstract

  Although the Millennium Development Goals (MDGs) have been ratified in global and national forums, they have not yet been incorporated into operational planning within governments or international organizations. The weak…more

  Download Working Paper No. 467 PDF (337.58 KB)
• Working Paper No. 466
  August 08, 2006

  Net Government Expenditures and the Economic Well-Being of the Elderly in the United States, 1989–2001

  Hyunsub Kum, Edward N. Wolff, and Ajit Zacharias
  Abstract

  We examine the economic well-being of the elderly, using the Levy Institute Measure of Economic Well-Being (LIMEW). Compared to the conventional measures of income, the LIMEW is a comprehensive measure…more

  Download Working Paper No. 466 PDF (344.74 KB)
• Working Paper No. 465
  August 04, 2006

  The Local Geographic Origins of Russian-Jewish Immigrants, circa 1900

  Joel Perlmann
  Abstract

  This working paper concerns the local origins of Russian-Jewish immigrants to the United States, circa 1900. New evidence is drawn from a large random sample of Russian-Jewish immigrant arrivals in…more

  Download Working Paper No. 465 PDF (1.65 MB)
• Working Paper No. 464
  July 26, 2006

  Differing Prospects for Women and Men

  Lois B. Shaw
  Abstract

  Although elderly men and women share many of the same problems as they age, their lives are likely to follow different courses. Women are more likely than men to live…more

  Download Working Paper No. 464 PDF (208.35 KB)
• Working Paper No. 463
  July 25, 2006

  Working for a Good Retirement

  Barbara A. Butrica, Karen E. Smith, and C. Eugene Steuerle
  Abstract

  The choice of retirement age is the most important portfolio choice most workers will make. Drawing on the Urban Institute’s Dynamic Simulation of Income model (DYNASIM3), this report examines how…more

  Download Working Paper No. 463 PDF (151.08 KB)
• Working Paper No. 462
  July 24, 2006

  Quick Impact Initiatives for Gender Equality

  Caren A. Grown
  Abstract

  The UN Millennium Project identified a set of Quick Impact Initiatives (QIIs) for achieving the Millennium Development Goals (MDGs). According to the Millennium Project, QIIs are interventions to be implemented…more

  Download Working Paper No. 462 PDF (290.26 KB)
• Working Paper No. 461
  July 23, 2006

  Wage Growth and the Measurement of Social Security’s Financial Condition

  Jagadeesh Gokhale
  Abstract

  Government spending on the elderly is projected to increase rapidly as the American population becomes older. As a result, many policymakers and budget analysts are concerned about the continued viability…more

  Download Working Paper No. 461 PDF (317.69 KB)
• Working Paper No. 460
  July 22, 2006

  How the Maastricht Regime Fosters Divergence As Well As Fragility

  Jörg Bibow
  Abstract

  This paper investigates the phenomenon of persistent macroeconomic divergence that has occurred across the eurozone in recent years. Optimal currency area theory would point toward asymmetric shocks and structural factors…more

  Download Working Paper No. 460 PDF (157.62 KB)
• Working Paper No. 459
  July 21, 2006

  Banking, Finance, and Money

  L. Randall Wray
  Abstract

  This paper briefly summarizes the orthodox approach to banking, finance, and money, and then points the way toward an alternative based on socioeconomics. It argues that the alternative approach is…more

  Download Working Paper No. 459 PDF (71.46 KB)
• Working Paper No. 458
  July 20, 2006

  Dissent and Discipline in Ben Gurion’s Labor Party, 1930–32

  Joel Perlmann
  Abstract

  This paper describes a small opposition group that functioned during 1930–33 on the left fringes of Ben Gurion’s Mapai party in Palestine. Mapai dominated Jewish Palestine’s politics, and later the…more

  Download Working Paper No. 458 PDF (124.78 KB)
• Book Series
  July 16, 2006

  The Distributional Effects of Government Spending and Taxation

  Dimitri B. Papadimitriou
  Abstract

  This book focuses on the distributional consequences of the public sector. It examines and documents, both theoretically and empirically, the effects of government spending and taxation on personal distribution, that…more

• Policy Note No. 5
  July 06, 2006

  The Burden of Aging

  L. Randall Wray
  Abstract

  Demographers and economists agree that we are aging—individually and collectively, nationally and globally. An aging population results from the twin demographic forces of fewer children per family and longer lives….more

  Download Policy Note 2006/5 PDF (132.75 KB)
• Working Paper No. 457
  June 19, 2006

  Why Central Banks (and Money) “Rule the Roost”

  Claudio Sardoni
  Abstract

  Some have argued that a significant decrease in the demand for money, due to financial innovations, could imply that central banks are unable to implement effective monetary policies. This paper…more

  Download Working Paper No. 457 PDF (104.23 KB)
• Working Paper No. 456
  June 18, 2006

  Asset Prices, Financial Fragility, and Central Banking

  Abstract

  The paper reviews the current literature on the subject in both the New Consensus and Post Keynesian frameworks. It shows that both approaches give to central banks a wrong goal…more

  Download Working Paper No. 456 PDF (768.02 KB)
• Working Paper No. 455
  June 17, 2006

  The Minskyan System, Part III

  Abstract

  This is the last part of a three-part analysis of the Minskyan Framework. The paper presents a model that studies some of the features presented in Parts I and II….more

  Download Working Paper No. 455 PDF (624.07 KB)
• Working Paper No. 454
  June 12, 2006

  How Does Household Production Affect Earnings Inequality?

  Harley Frazis and Jay Stewart
  Abstract

  Although income inequality has been studied extensively, relatively little attention has been paid to the role of household production. Economic theory predicts that households with less money income will produce…more

  Download Working Paper No. 454 PDF (211.52 KB)