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  Working Paper No. 509

  On Various Ways of Measuring Unemployment, with Applications to Switzerland

  This paper begins with an examination of various ways of measuring unemployment and, borrowing ideas from the poverty measurement literature, proposes four new general unemployment indices. The first of these is parallel to the Sen poverty index; the second, to the Sen index’s generalization by Shorrocks; the third, to the FGT poverty index; and the […]
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  Press Release

  Housing Slump and Subprime Mortgage Crisis Pose Serious Danger to US Economy, New Levy Institute Study Says

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  Working Paper No. 508

  The American Jewish Committee’s Annual Opinion Surveys

  The American Jewish Committee (AJC) surveys of Jewish opinion are unique both in being conducted annually and in the subject matter covered. This paper assesses the quality of these samples. I first summarize my earlier findings on the implications of limiting a sample to respondents who answered “Jewish” when asked a screening question about their […]
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  Working Paper No. 507

  Who’s a Jew in an Era of High Intermarriage?

  The old ways in which surveys of Jews handled marginal cases no longer make sense, and the number of cases involved is no longer small. I examine in detail the public-use samples of the two recent national surveys of Americans of recent Jewish origin—the National Jewish Population Survey (NJPS) and the American Jewish Identity Survey […]
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  Working Paper No. 506

  The Effects of a Declining Housing Market on the US Economy

  Longstanding speculation about the likelihood of a housing market collapse has given way in the past few months to consideration of just how far the housing market will fall, and how much damage the debacle will inflict on the economy. This paper assesses the magnitude of the impact of housing price decreases on real private […]
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  Working Paper No. 505

  Implementation of the National Rural Employment Guarantee Act in India

  Since 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 funds released under NREGA, it is found that, although it is a demand-driven scheme, there are significant interstate differences in the supply of employment. The […]
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  Working Paper No. 504

  Female Land Rights, Crop Specialization, and Productivity in Paraguayan Agriculture

  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 in livestock and dairy production, while men specialize in crop production. An analysis of crop specialization and crop yields finds no significant differences in yields […]
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  Report No. 3

  Report July 2007

  In April, scholars, policymakers, and financial analysts gathered at the Levy Institute’s headquarters in Annandale-on-Hudson, New York, to explore themes from the work of the late Levy Institute economist Hyman Minsky. A summary of their discussions appears in this issue of the Report. Contents: CONFERENCE 16th Annual Hyman P.Minsky Conference on the State of the […]
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  Public Policy Brief No. 90

  Cracks in the Foundations of Growth

  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 it now appears that the household sector could finally give in to the pressures of rising gasoline prices, a weakening home market, and a large […]
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  Public Policy Brief Highlight No. 90

  Cracks in the Foundations of Growth

  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 it now appears that the household sector could finally give in to the pressures of rising gasoline prices, a weakening home market, and a large […]
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  Working Paper No. 503

  A Simplified “Benchmark” Stock-flow Consistent (SFC) Post-Keynesian Growth Model

  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 is still in its early stages. This paper attempts to offer a contribution to this line of research by presenting a simplified Post-Keynesian SFC growth […]
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  Greek Treasury gaining at expense of pension funds

  Copyright 2007 The Financial Times Limited Financial Times (London, England) June 22, 2007 Friday; Asia Edition 1; Letters to the Editor Sir, Kerin Hope is right to report on the seriousness of the bond deal in Greece, which “sparks calls for early Greek poll” (report, June 19). It is paramount, though, for the Greek government, […]