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Working Paper No. 505July 10, 2007
Implementation of the National Rural Employment Guarantee Act in India
AbstractSince its enactment in 2005, the National Rural Employment Guarantee Act (NREGA) has been implemented in 200 districts in India. Based on state-by-state employment demand-supply data and the use of…more
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Working Paper No. 504July 05, 2007
Female Land Rights, Crop Specialization, and Productivity in Paraguayan Agriculture
AbstractPrevious work has shown a pattern of lower household incomes for those Paraguayan farms with female landowners in the household. The study of agricultural production reveals that Paraguayan women specialize…more
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Public Policy Brief No. 90July 03, 2007
Cracks in the Foundations of Growth
AbstractWith economic growth having cooled to less than 1 percent in the first quarter of 2007, the economy can ill afford a slump in consumption by the American household. But…more
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Working Paper No. 503June 26, 2007
A Simplified “Benchmark” Stock-flow Consistent (SFC) Post-Keynesian Growth Model
AbstractDespite being arguably one of the most active areas of research in heterodox macroeconomics, the study of the dynamic properties of stock-flow consistent (SFC) growth models of financially sophisticated economies…more
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Working Paper No. 502June 08, 2007
Recent Trends in Household Wealth in the United States
AbstractI find here that the early 2000s witnessed both exploding debt and the middle-class squeeze. While median wealth grew briskly in the late 1990s, it fell slightly between 2001 and…more
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Working Paper No. 501May 21, 2007
Two National Surveys of American Jews, 2000–01
AbstractWhile there have been very few national surveys of American Jews, two that we do have are from the same period, 2000–01. They were conducted by different researchers using different…more
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Working Paper No. 500May 20, 2007
Economic Perspectives on Aging
AbstractThe aging of the American population will be a critical public policy issue in the years ahead. This paper surveys the recent literature on the economics of aging, with a…more
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Policy NoteMay 17, 2007
State, Difference, and Diversity
AbstractThe centrality of the state in promoting gender equality is generally acknowledged, but a perplexing and complex issue confronts us: should the state treat men and women in identical ways,…more
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Working Paper No. 499May 14, 2007
ELR-led Economic Development
AbstractThis paper establishes the financial feasibility of an employer-of-last-resort (ELR) program in a small developing country like Tunisia. It argues that an ELR-led economic development policy is vastly superior to…more
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Working Paper No. 498May 09, 2007
Employment Guarantee Programs
AbstractThis working paper provides a survey of the theoretical underpinnings for the various employment guarantee schemes, and discusses full employment policy experiences in the United States, Sweden, India, Argentina, and…more
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Working Paper No. 497May 02, 2007
Surveying American Jews and Their Views on Middle East Politics
AbstractThis working paper takes up three related themes. In section 1, I briefly describe the issues relevant to surveying American Jews and highlight the importance of authoritative national surveys; in…more
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Working Paper No. 496May 01, 2007
Gender Disparities in Employment and Aggregate Profitability in the United States
AbstractWe explore the relationships between aggregate profitability and women’s growing share of market work in the United States during the 1980s and 1990s. Using decomposition analysis and counterfactuals, we investigate…more
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Strategic AnalysisApril 30, 2007
The US Economy: What’s Next?
AbstractThe collapse in the subprime mortgage market, along with multiple signals of distress in the broader housing market, has already drawn forth a large body of comment. Some people think…more
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Research Project ReportApril 30, 2007
How Well Off Are America’s Elderly?
AbstractGiven the aging of the American population and the widening gap between rich and poor—not to mention the controversy surrounding the future viability of Social Security—the economic welfare of the…more
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Working Paper No. 495April 30, 2007
Gender Inequalities in Allocating Time to Paid and Unpaid Work
AbstractThis working paper analyzes paid and unpaid work-time inequalities among Bolivian urban adults using time use data from a 2001 household survey. We identified a gender-based division of labor characterized…more
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Working Paper No. 494April 29, 2007
Fiscal Policy in a Stock-flow Consistent (SFC) Model
AbstractThis paper deploys a simple stock-flow consistent (SFC) model in order to examine various contentions regarding fiscal and monetary policy. It follows from the model that if the fiscal stance…more
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Working Paper No. 493March 21, 2007
State, Difference, and Diversity
AbstractShould the state treat men and women in identical ways, or should it legislate and enforce policies that are aware of gender differences? In other words, should the state be…more
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Working Paper No. 492March 02, 2007
Are the Costs of the Business Cycle “Trivially Small”?
AbstractIn his presidential address to the American Economic Association, Robert Lucas claimed that the welfare costs of the business cycle in the United States equaled .05 percent of consumption. His…more
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Working Paper No. 491February 22, 2007
Land Rental and Sales Markets in Paraguay
AbstractThis paper examines the claim that the land rental market can be an effective means of redistributing access to, if not ownership of, land to the rural poor, using Paraguay…more
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Working Paper No. 490February 21, 2007
Productivity, Technical Efficiency, and Farm Size in Paraguayan Agriculture
AbstractThis essay assesses the relationship between farm size and productivity. Both parametric and nonparametric methods are used to derive efficiency measures. Smaller farms are found to have higher net farm…more
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Working Paper No. 489January 31, 2007
Fixed and Flexible Exchange Rates and Currency Sovereignty
AbstractThis paper provides an analysis of Keynes’s original “Bancor” proposal as well as more recent proposals for fixed exchange rates. We argue that these schemes fail to pay due attention…more
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Public Policy Brief No. 89January 31, 2007
The Economics of Outsourcing
AbstractAccording to Research Associate Thomas I. Palley, global outsourcing represents a new economic challenge that calls for a new set of institutions. In this brief, he expands upon the problems…more
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Working Paper No. 488January 23, 2007
Demand Constraints and Big Government
AbstractIn a series of articles and books, Harold Vatter and John Walker attempted to make the case that the American economy suffers from chronically insufficient demand that leads to growth…more
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Working Paper No. 487January 09, 2007
Class Structure and Economic Inequality
AbstractExisting empirical schemas of class structure do not specify the capitalist class in an adequate manner. We propose a schema in which the specification of capitalist households is based on…more
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