Publications

1703 publications found

• Working Paper No. 71
  January 10, 1992

  Macroeconomic Market Incentive Plans

  Kenneth J. Koford and Jeffrey B. Miller
  Abstract

  This paper explores the contemporary debate among economists on the means to move the economy toward high employment without inflation-beyond the traditional instruments of monetary and fiscal policy. The authors…more

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• Working Paper No. 70
  January 09, 1992

  The Distributional Implications of the Tax Changes in the 1980s

  Sourushe Zandvakili
  Abstract

  This paper studies changes in the United States as a consequence of the Economic Recovery Act of 1981 (ERITA), the Tax Equality and Fiscal Responsibility Act of 1982 (TEFRA), and…more

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• Working Paper No. 69
  January 08, 1992

  Reconstituting the United States’ Financial Structure

  Hyman P. Minsky
  Abstract

  Deposit insurance, the savings and loan industry, facets of the insurance industry, and a significant number of private banks have all been plagued by recent collapse. The legislative agenda goes…more

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• Working Paper No. 68
  January 01, 1992

  Transfer and Life Cycle Wealth in Japan, 1974–1984

  David W. Campbell
  Abstract

  This paper measures, via the cumulation of life cycle saving method, the contribution of transfer to total wealth accumulation among worker households from 1974 to 1984. The findings suggest that…more

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• Working Paper No. 67
  December 10, 1991

  Employment Restructuring and the Labor Market Status of Young Black Men in the 1980s

  David R. Howell
  Abstract

  The decline in the employment status of young black men relative to their white peers in the post-1970 U.S. Labor market is the impetus for this research. This paper examines…more

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• Working Paper No. 66
  November 10, 1991

  The Transition to a Market Economy

  Hyman P. Minsky
  Abstract

  The social transformation of Eastern Europe has proceeded much faster, and the destruction of communism’s legitimacy and efficacy has been more complete, than was deemed possible even a few years…more

  Download Working Paper No. 66 PDF (79.14 KB)
• Working Paper No. 65
  November 08, 1991

  A Package of Policies to Permanently Increase Output without Inflation

  Kenneth J. Koford
  Abstract

  Economists have searched for policies that concurrently establish full employment with stable prices and high output. The supply side theorists of the 1980s claimed they could produce increased output with…more

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• Working Paper No. 64
  November 06, 1991

  Market Processes and Thwarting Systems

  Piero Ferri and Hyman P. Minsky
  Abstract

  This paper suggests that there are two longstanding views on business cycles and economic dynamics: One emphasizes endogenous stability plus exogenous disturbances, while the other focuses on endogenous instability plus…more

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• Working Paper No. 63
  September 10, 1991

  Wealth Accumulation of the Elderly in Extended Families in Japan and the Distribution of Wealth within Japanese Cohorts by Household Composition

  David W. Campbell
  Abstract

  This paper is a critique of the literature on transfer wealth accumulation in Japan during the postwar period. The emphasis is on selected works in two areas that are closely…more

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• Working Paper No. 62
  July 10, 1991

  The Changing Contributions of Men and Women to the Level and Distribution of Family Income, 1968–1988

  Maria Cancian, Sheldon Danziger, and Peter Gottschalk
  Abstract

  In the past twenty years, the labor force participation and earnings of women, especially married women, have risen dramatically. Over the same period, men’s earnings have increased only modestly, and…more

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• Working Paper No. 61
  July 09, 1991

  Changes in Earnings Differentials in the 1980s

  McKinley L. Blackburn, David E. Bloom, and Richard B. Freeman
  Abstract

  This paper analyzes changes in U.S. earnings differentials in the 1980s between race, gender, age, and schooling groups. There are four main sets of results to report. First, the economic…more

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• Working Paper No. 60
  July 08, 1991

  Who Are the Truly Poor?

  Lawrence Buron and Robert Haveman
  Abstract

  In this paper we study changes in the prevalence and composition of poverty in the United States over the 1973–1988 period, focusing on the first and last years. Over this…more

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• Working Paper No. 59
  July 07, 1991

  The Health, Earnings Capacity, and Poverty of Single-mother Families

  Steven Hill and Barbara Wolfe
  Abstract

  Approximately 1.4 million single mothers have substantial health problems. Even if they were to work full time, they would be unlikely to earn enough to adequately provide for themselves and…more

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• Working Paper No. 58
  July 06, 1991

  Social Security Annuities and Transfers

  Edward N. Wolff
  Abstract

  The division of social security (OASI) benefits into an annuity portion and a transfer portion has been well documented. I have discussed this issue extensively in previous work (1987b, 1988,…more

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• Working Paper No. 57
  July 05, 1991

  Why Were Poverty Rates So High in the 1980s?

  Rebecca M. Blank
  Abstract

  This paper explores the unexpectedly slow decline in poverty that occurred over the expansion of the 1980s. We present evidence on the "stickiness" in the poverty rate in the past…more

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• Working Paper No. 56
  July 04, 1991

  W(h)ither the Middle Class?

  Greg J. Duncan, Willard Rodgers, and Timothy Smeeding
  Abstract

  Research using cross-sectional survey ‘snapshots’ of household income taken over the past quarter century reveals a growing inequality in the distribution of annual money income of households in the United…more

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• Working Paper No. 55
  June 10, 1991

  The Measurement of Chronic and Transitory Poverty; with Application to the United States

  Joan R. Rodgers and John L. Rodgers
  Abstract

  This paper proposes a method of measuring chronic and transitory poverty based on any additively-decomposable index of aggregate poverty. Chronic poverty and transitory poverty in the United States are measured…more

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• Working Paper No. 54
  June 09, 1991

  Why the Ex-Communist Countries Should Take the “Middle Way” to the Market Economy

  Kenneth J. Koford
  Abstract

  The ex-communist countries of Europe as well as Soviet Union want to find a way out of the command economy to a market system. The common advice (e.g., Lipton and…more

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• Working Paper No. 53
  May 10, 1991

  A Critical Analysis of Empirical Studies of Transfers in Japan

  David W. Campbell
  Abstract

  No further information available.

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• Working Paper No. 52
  April 10, 1991

  Debt, Price Flexibility, and Aggregate Stability

  John Caskey and Steven M. Fazzari
  Abstract

  In conventional macroeconomic thought, price flexibility stabilizes thc economy. The more quickly prices fall (or inflation decreases) in a demand-induced recession, the faster output returns to its full-employment level. An…more

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• Working Paper No. 51
  April 09, 1991

  Financial Crises

  Hyman P. Minsky
  Abstract

  The presentations at this conference are by economists from Academies and economists who professionally confront real world problems, either in private finance or in public policy. As economists we accept…more

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• Working Paper No. 50
  April 08, 1991

  How Useful Are Comparisons of Present Debt Problems with the 1930s?

  Albert Gailord Hart
  Abstract

  My assignment for this Conference on the Crisis ln Finance, as I understand is, is in the first instance to bring to bear the debt experience of the Great Depression…more

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• Working Paper No. 49
  April 07, 1991

  The Role of Banks Where Service Replication Has Eroded Institutional Franchises

  Richard Aspinwall
  Abstract

  Over the past decade forces of competition and adverse economic conditions—combined with regulatory forbearance and the moral hazards generated thereby—have contributed to severe erosion of bank profitability and a mounting…more

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• Working Paper No. 48
  April 06, 1991

  The Economic Significance of Equity Capital

  William H. Janeway
  Abstract

  I was motivated to address this subject by the rich irony of last year’s Nobel Prize in Economics. The end of the LBO era was crowned by the recognition of…more

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