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Working Paper No. 467The Financial Requirements of Achieving Gender Equality and Women’s Empowerment
August 09, 2006 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 Publication -
Working Paper No. 466
Net Government Expenditures and the Economic Well-Being of the Elderly in the United States, 1989–2001
August 08, 2006 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 Publication -
Working Paper No. 465
The Local Geographic Origins of Russian-Jewish Immigrants, circa 1900
August 04, 2006 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 Publication -
Working Paper No. 464
Differing Prospects for Women and Men
July 26, 2006 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 Publication -
Working Paper No. 463
Working for a Good Retirement
July 25, 2006 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 Publication -
Working Paper No. 462
Quick Impact Initiatives for Gender Equality
July 24, 2006 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 Publication -
Working Paper No. 461
Wage Growth and the Measurement of Social Security’s Financial Condition
July 23, 2006 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 Publication -
Working Paper No. 460
How the Maastricht Regime Fosters Divergence As Well As Fragility
July 22, 2006 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 Publication -
Working Paper No. 459
Banking, Finance, and Money
July 21, 2006 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 Publication -
Working Paper No. 458
Dissent and Discipline in Ben Gurion’s Labor Party, 1930–32
July 20, 2006 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 Publication -
Policy Note No. 5The Burden of Aging
July 06, 2006 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 Publication -
Working Paper No. 457
Why Central Banks (and Money) “Rule the Roost”
June 19, 2006 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 Publication -
Working Paper No. 456
Asset Prices, Financial Fragility, and Central Banking
June 18, 2006 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 Publication -
Working Paper No. 455
The Minskyan System, Part III
June 17, 2006 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 Publication -
Working Paper No. 454
How Does Household Production Affect Earnings Inequality?
June 12, 2006 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 Publication -
Public Policy Brief No. 85The Fallacy of the Revised Bretton Woods Hypothesis
June 11, 2006 The stability of the international financial system is in doubt. Analysis of the system has focused mainly on the sustainability of financing the American trade deficit and has failed to...more Publication -
Working Paper No. 453
The Minskyan System, Part II
June 09, 2006 This is the second part of a three-part analysis of the Minskyan framework. It studies in detail the dynamics at the root of the endogenous financial weakening of capitalist economic...more Publication -
Working Paper No. 452
The Minskyan System, Part I
June 08, 2006 This is the first part of a three-part analysis of the Minskyan framework. Via an extensive review of the literature, this paper looks at 12 essential elements necessary to get...more Publication -
Working Paper No. 451
Time and Money
May 25, 2006 Time and money are basic commodities in the utility function and are substitutes in real terms. To a certain extent, having time and money is a matter of either/or, depending...more Publication -
Working Paper No. 450
Extending Minsky’s Classifications of Fragility to Government and the Open Economy
May 24, 2006 Minsky’s classification of fragility according to hedge, speculative, and Ponzi positions is well-known. He wrote about fragile positions of individual firms and of the economy as a whole, with the...more Publication -
Working Paper No. 449
The Temporal Welfare State: A Cross-national Comparison
May 23, 2006 Welfare states contribute to people’s well-being in many different ways. Bringing all these contributions under a common metric is tricky. Here we propose doing so through the notion of “temporal...more Publication -
Working Paper No. 448
Gibson’s Paradox II
May 22, 2006 The Gibson paradox, long observed by economists and named by John Maynard Keynes (1936), is a positive relationship between the interest rate and the price level. This paper explains the...more Publication -
Public Policy Brief No. 84
Can Basel II Enhance Financial Stability?
May 20, 2006 Even as the United States enjoys an economic expansion, there is an undercurrent of concern among economic analysts who follow financial markets. Some feel that the expansion of the credit...more Publication -
Strategic AnalysisCan the Growth in the US Current Account Deficit Be Sustained?
May 18, 2006 Can the growth in the current account deficit be sustained? How does the flow of deficits feed the stock of debt? How will the burden of servicing this debt affect...more Publication