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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, […]
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  Working Paper No. 502

  Recent Trends in Household Wealth in the United States

  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 2004, while the inequality of net worth increased slightly. Indebtedness, which fell substantially during the late 1990s, skyrocketed in the early 2000s. Among the middle […]
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  Working Paper No. 501

  Two National Surveys of American Jews, 2000–01

  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 sampling methods. Known as the NJPS and the AJIS, these surveys are now available as public-use datasets, but they have not yet been systematically compared. […]
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  Working Paper No. 500

  Economic Perspectives on Aging

  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 special emphasis on government spending on the aged. The US Census Bureau projects that the proportion of the elderly in the total population will increase […]
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  Policy Notes

  State, Difference, and Diversity

  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, or should it legislate and enforce policies that are aware of gender differences? In other words, should the state be gender-blind or gender-sensitive? Gender, ethnic, […]
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  Summary No. 2

  Summary Spring 2007

  In this issue: a new Policy Note recommends reforming the Alternative Minimum Tax while retaining some tax cuts in order to reduce the growing tax burden on middle-class families. A related paper criticizes orthodox policymaking that calls for fiscally austere budgets when the real engine of economic growth is government spending. Contents:   INSTITUTE RESEARCH […]