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Working Paper No. 504Female Land Rights, Crop Specialization, and Productivity in Paraguayan Agriculture
July 05, 2007 Previous 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 Publication -
Public Policy Brief No. 90Cracks in the Foundations of Growth
July 03, 2007 With 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 Publication -
Working Paper No. 503
A Simplified “Benchmark” Stock-flow Consistent (SFC) Post-Keynesian Growth Model
June 26, 2007 Despite 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 Publication -
Working Paper No. 502
Recent Trends in Household Wealth in the United States
June 08, 2007 I 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 Publication -
Working Paper No. 501
Two National Surveys of American Jews, 2000–01
May 21, 2007 While 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 Publication -
Working Paper No. 500
Economic Perspectives on Aging
May 20, 2007 The 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 Publication -
Policy NoteState, Difference, and Diversity
May 17, 2007 The 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 Publication -
Working Paper No. 499
ELR-led Economic Development
May 14, 2007 This 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 Publication -
Working Paper No. 498
Employment Guarantee Programs
May 09, 2007 This 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 Publication -
Working Paper No. 497
Surveying American Jews and Their Views on Middle East Politics
May 02, 2007 This 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 Publication -
Working Paper No. 496
Gender Disparities in Employment and Aggregate Profitability in the United States
May 01, 2007 We 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 Publication -
Research Project ReportHow Well Off Are America’s Elderly?
April 30, 2007 Given 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 Publication -
Working Paper No. 495
Gender Inequalities in Allocating Time to Paid and Unpaid Work
April 30, 2007 This 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 Publication -
Strategic AnalysisThe US Economy: What’s Next?
April 30, 2007 The 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 Publication -
Working Paper No. 494
Fiscal Policy in a Stock-flow Consistent (SFC) Model
April 29, 2007 This 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 Publication -
Working Paper No. 493
State, Difference, and Diversity
March 21, 2007 Should 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 Publication -
Working Paper No. 492
Are the Costs of the Business Cycle “Trivially Small”?
March 02, 2007 In 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 Publication -
Working Paper No. 491
Land Rental and Sales Markets in Paraguay
February 22, 2007 This 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 Publication -
Working Paper No. 490
Productivity, Technical Efficiency, and Farm Size in Paraguayan Agriculture
February 21, 2007 This 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 Publication -
Working Paper No. 489
Fixed and Flexible Exchange Rates and Currency Sovereignty
January 31, 2007 This 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 Publication -
Public Policy Brief No. 89
The Economics of Outsourcing
January 31, 2007 According 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 Publication -
Working Paper No. 488
Demand Constraints and Big Government
January 23, 2007 In 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 Publication -
Working Paper No. 487
Class Structure and Economic Inequality
January 09, 2007 Existing 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 Publication -
Policy Note No. 1
The April AMT Shock
January 07, 2007 Anyone who reads a newspaper knows that most Americans have accumulated excessive levels of debt, and realizes that as interest rates climb, it becomes more difficult to service financial liabilities....more Publication