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Policy Note No. 1Welfare Graduates
January 01, 1998 Are the effects of college-level education on income and financial independence positive enough to make it worthwhile for states to extend support to qualified welfare recipients to enable them to...more Publication -
Working Paper No. 225The Development and Reform of the Modern International Financial System
January 01, 1998 The international financial system might be said to be in crisis. It requires frequent intervention by central banks and other national and international bodies to reduce fluctuations of currencies. It...more Publication -
Working Paper No. 224
The Diagnostic Imaging Equipment Industry
January 01, 1998 While diagnostic imaging equipment is not by any means a typical industry, it offers an example of a rapidly changing, high technology sector—the kind of industry in which, according to...more Publication -
Working Paper No. 223
The Kaleckian Analysis and the New Millennium
January 01, 1998 Visiting Scholar Malcolm Sawyer, of the University of Leeds, commemorates Michal Kalecki’s 100th birthday by considering how Kalecki’s macroeconomic analysis of developed capitalist economies should be adapted in light of...more Publication -
Public Policy Brief No. 38Who Pays for Disinflation?
December 11, 1997 Using theoretical predictions, econometric results, and the example of the Volcker disinflation, Willem Thorbecke establishes that through disinflation’s burden on the durable goods and construction industries, small firms, and low-wage...more Publication -
Public Policy Brief No. 37
Investment in Innovation
December 10, 1997 Since the 1970s corporate America has become obsessed with shedding employees to cut costs and with distributing revenue to stockholders. However, the way for it to regain its competitive edge...more Publication -
Working Paper No. 221
Policy Innovation As a Discovery Procedure
December 01, 1997 Economist Adolph Lowe’s instrumental analysis examines the process of policy formulation as a regressive procedure of discovery. Taking as given a predetermined desired end state, the task of an innovator...more Publication -
Working Paper No. 220
Employment Policy, Community Development, and the Underclass
December 01, 1997 There has been widespread recognition of the existence of an “underclass” in American society, but no consensus on how to address the problem or even how to define it. The...more Publication -
Working Paper No. 219
Linking the Minimum Wage to Productivity
December 01, 1997 One of the principal problems with the minimum wage is that adjustments to it must be voted on by Congress. Although recent congressional action solves the immediate problem of restoring...more Publication -
Working Paper No. 218
Selective Use of Discretionary Public Employment and Economic Flexibility
December 01, 1997 Flexibility is a desirable feature of an economic system. Structural rigidities can result in sluggish growth and inflationary pressures; many economic models, however, display considerable system flexibility because of the...more Publication -
Working Paper No. 217
The Economic Contributions of Hyman Minsky
December 01, 1997 Financial economist Hyman P. Minsky believed that because there are many types of capitalism determined by circumstances and an evolving set of institutional structures, an abstract economic theory could not...more Publication -
Working Paper No. 214
The School-to-Work Transition of Second-generation Immigrants in Metropolitan New York
November 01, 1997 Social scientists have only begun to study the experiences of the 15 million immigrants who have settled in the United States since 1965 and have learned even less about their...more Publication -
Working Paper No. 213
Government As Employer of Last Resort
November 01, 1997 Since the Employment Act of 1946 a stated policy of the United States government has been to pursue simultaneously high employment and stable prices. However, because many economists and policymakers...more Publication -
Working Paper No. 212
An Efficiency Argument for the Guaranteed Income
November 01, 1997 Authors Karl Widerquist and Michael A. Lewis use a “multischool” approach to poverty policy, asking the following question: Given the many proposed causes for poverty, and the conflicting theories about...more Publication -
Working Paper No. 211
Income Distribution, Macroeconomic Analysis, and Barriers to Full Employment
November 01, 1997 The distribution of income is conspicuous by its absence from most mainstream macroeconomic analysis. Visiting Scholar Malcolm Sawyer, of the University of Leeds, makes an effort to remedy this situation...more Publication -
Working Paper No. 210
The Effects of Immigrants on African-American Earnings
November 01, 1997 The improvement in the relative economic status of African American workers in the 1960s and 1970s was reversed in the 1980s. During that decade immigration to the United States reached...more Publication -
Working Paper No. 216
The Impact of Racial Segregation on the Education and Work Outcomes of Second-generation West Indians in New York City
November 01, 1997 Mary C. Waters, a professor of sociology at Harvard University, examines one way in which race matters in the United States by studying black children of immigrants in New York...more Publication -
Working Paper No. 215
Achievement and Ambition among Children of Immigrants in Southern California
November 01, 1997 The influx of immigrants to the United States after 1965 has reached levels not seen since the early part of the century. The ability of these recent immigrant groups and...more Publication -
Public Policy Brief No. 36
Dangerous Metaphor: The Fiction of the Labor Market
October 09, 1997 The concept of a labor market, responding to familiar underpinnings of supply and demand, completely colors thought on the relationship between employment, wages, and inflation, according to James K. Galbraith....more Publication -
Public Policy Brief No. 35
Reflecting the Changing Face of America
October 08, 1997 On the United States’ census form, American citizens are told they may list any ethnic ancestries with which they identify, but are instructed to “mark one only” in the question...more Publication -
Working Paper No. 209
Cumulative Regional Decline, Institutional Inadequacy, and the “Democratic Deficit”
October 01, 1997 Publication -
Working Paper No. 208
On Budget Deficits and Capital Expenditure
October 01, 1997 No further information available. Publication -
Public Policy Brief No. 34
Safeguarding Social Security
September 07, 1997 The falling ratio of workers to retirees in the United States has raised concerns about Social Security’s ability to continue to provide a base level of support for all retired...more Publication -
Public Policy Brief No. 33
Is There a Trade-Off between Unemployment and Inequality?
August 06, 1997 Rebecca M. Blank considers how the flexibility of American labor markets and the regulation and redistribution policies of European labor markets may determine employers’ responses to worldwide economic transformations that...more Publication