Publications

1711 publications found

• 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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• Working Paper No. 47
  April 05, 1991

  Financial Disturbances and Depressions

  Richard Sylla
  Abstract

  Events of the past quarter century have renewed the interest of economic historians in major financial disturbances. The study of financial crises was common before World War II, but for…more

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• Working Paper No. 46
  April 04, 1991

  Redistribution through Taxation

  Sourushe Zandvakili
  Abstract

  Income tax progressivity is studied using Generalized Entropy measures of inequality. Luxembourg Income Study data sets for ten countries are used for international comparative purposes and analysis. Progressivity indices are…more

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• Working Paper No. 45
  March 01, 1991

  Female-headed Families

  Joan R. Rodgers
  Abstract

  Over the last few decades in the United States, the poverty rate for female-headed families (with no husband present) has been about three times the poverty rate for male-headed families…more

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• Working Paper No. 44
  February 01, 1991

  Accounting for the Decline in Private Sector Unionization

  Thomas Karier
  Abstract

  During the 1980s several qualitative changes occurred in the union decline. First, net gains from certification (less decertification) elections fell to insignificant levels, tending to accelerate the union decline. On…more

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• Working Paper No. 43
  December 10, 1990

  International Comparison of Household Inequalities

  Sourushe Zandvakili
  Abstract

  This 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. 42
  December 09, 1990

  Poverty and Choice of Marital Status

  Joan R. Rodgers
  Abstract

  Over 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. 41
  December 09, 1990

  Generalized Entropy Measures of Long-run Inequality and Stability among Male Headed Households

  Sourushe Zandvakili
  Abstract

  Short 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. 40
  November 10, 1990

  A Kernel Regression of Phillips’ Data

  Y. P. Mack and Nancy J. Wulwick
  Abstract

  Economists 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. 39
  November 09, 1990

  Poverty and Household Composition

  Joan R. Rodgers
  Abstract

  This 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. 38
  July 10, 1990

  The Mathematics of Economic Growth

  Nancy J. Wulwick
  Abstract

  Traditionally, 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. 37
  May 10, 1990

  What Happened to the Corporate Profit Tax?

  Thomas Karier
  Abstract

  The 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. 36
  April 10, 1990

  The Microeconomics of Monopoly Power

  Thomas Karier
  Abstract

  The 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. 35
  January 10, 1990

  Industrial De-diversification and Its Consequences for Productivity

  Frank R. Lichtenberg
  Abstract

  Due 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. 34
  January 01, 1990

  The Determinants of US Foreign Production

  Thomas Karier
  Abstract

  Based 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. 33
  December 10, 1989

  What Remains of the Growth Controversy?

  Nancy J. Wulwick
  Abstract

  This 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. 32
  November 10, 1989

  The Effects of Mergers on Prices, Costs, and Capacity Utilization in the US Air Transportation Industry, 1970–84

  Moshe Kim and Frank R. Lichtenberg
  Abstract

  We 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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