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Articles 31 - 60 of 209

Full-Text Articles in Economic Theory

Workers’ Rights: Rethinking Protective Labor Legislation, Ronald G. Ehrenberg Oct 2012

Workers’ Rights: Rethinking Protective Labor Legislation, Ronald G. Ehrenberg

Ronald G. Ehrenberg

This paper focuses on a few directions in which protective labor legislation might be expanded in the United States over the next decade and the implications of expansion in each area for labor markets. Specifically, it addresses the areas of hours of work, unjust dismissal, comparable worth, and plant closings. In each case, the discussion stresses the need to be explicit about how private markets have failed, the need for empirical evidence to test such market failure claims, the need for economic analysis of potential unintended side effects of policy changes, and the existing empirical estimates of the likely magnitudes …


Introduction To Doctoral Education And The Faculty Of The Future, Ronald G. Ehrenberg Oct 2012

Introduction To Doctoral Education And The Faculty Of The Future, Ronald G. Ehrenberg

Ronald G. Ehrenberg

[Excerpt] Concern has been expressed, however, that the growing enrollment of foreign students in American PhD programs "crowds out" potential American citizen PhD holders and discourages them from pursuing PhD study. On the other hand, the aftermath of 9/11, the growth of research infrastructure and research support in other nations, and the growth of other nations' higher education systems all cast doubt on the ability of the United States to continue to rely on foreign PhD holders to meet our nation's need for scientific researchers and to fill future faculty positions. Given all of these issues, in October 2006 the …


Changing The Education Of Scholars: An Introduction To The Andrew W. Mellon Foundation’S Graduate Education Initiative, Ronald G. Ehrenberg, Harriet Zuckerman, Jeffrey A. Groen, Sharon M. Brucker Oct 2012

Changing The Education Of Scholars: An Introduction To The Andrew W. Mellon Foundation’S Graduate Education Initiative, Ronald G. Ehrenberg, Harriet Zuckerman, Jeffrey A. Groen, Sharon M. Brucker

Ronald G. Ehrenberg

[Excerpt] In 1991 the Andrew W. Mellon Foundation launched the Graduate Education Initiative (GEI) to improve the structure and organization of PhD programs in the humanities and social sciences and to combat the high rates of student attrition and long time to degree completion prevailing in these fields. While attrition and time to completion were deemed to be important in and of themselves, and of great significance to degree seekers, they were also seen more broadly as indicators of the effectiveness of graduate programs. An array of characteristics of doctoral programs was earmarked as likely contributors to high attrition and …


Does America Face A Shortage Of Scientists And Engineers?, Ronald G. Ehrenberg Oct 2012

Does America Face A Shortage Of Scientists And Engineers?, Ronald G. Ehrenberg

Ronald G. Ehrenberg

[Excerpt] As someone who served on the committee that issued the 1998 study of the early careers of life scientists that Teitelbaum talks about in his article and who has critiqued models that projected shortages of new PhDs, I am very sympathetic to many of the points that he makes (National Research Council, 1998; Ehrenberg, 1991). What I want to focus on today is the word we in his title, because, as Teitelbaum emphasizes, the question of shortages or surpluses is often in the eye of the beholder. For example, from the perspective of faculty members involved in the academic …


Do Historically Black Colleges And Universities Enhance The College Attendance Of African American Youths?, Ronald G. Ehrenberg, Donna S. Rothstein, Robert B. Olsen Oct 2012

Do Historically Black Colleges And Universities Enhance The College Attendance Of African American Youths?, Ronald G. Ehrenberg, Donna S. Rothstein, Robert B. Olsen

Ronald G. Ehrenberg

Recently, Historically Black Colleges and Universities (HBCUs) have become the center of intense policy debates. Do HBCUs enhance the college attendance of African American youths? Previous research has been inconclusive. Among other improvements, our study adjusts for the relative availability of HBCU enrollment opportunities in each state. We find that African Americans are more likely to choose HBCUs over other colleges if more HBCU openings are available. However, more HBCU openings don't increase overall African American enrollment. As we have shown elsewhere, attendance at an HBCU does enhance African American students' college graduation rates.


Method Or Madness? Inside The U.S. News & World Report College Rankings, Ronald G. Ehrenberg Oct 2012

Method Or Madness? Inside The U.S. News & World Report College Rankings, Ronald G. Ehrenberg

Ronald G. Ehrenberg

[Excerpt] The rankings exacerbate, but are not the major cause of the increased competition in American higher education that has taken place over the last few decades. The real shame is that this competition has institutions focusing on improving the selectivity of their entering first-year classes. Institutions appear to be increasingly valued for the test scores of the students they attract, not for their value added to their students and to society.


Phd Attainment Of Graduates Of Selective Private Academic Institutions, Jeffrey A. Groen, Matthew P. Nagowski, Ronald G. Ehrenberg Oct 2012

Phd Attainment Of Graduates Of Selective Private Academic Institutions, Jeffrey A. Groen, Matthew P. Nagowski, Ronald G. Ehrenberg

Ronald G. Ehrenberg

[Excerpt] It is therefore important to understand the forces that have caused a decline in the PhD attainment rate of American college graduates. The fraction of bachelor's recipients who go on to receive PhDs nationwide is influenced by many factors, including high school graduation rates, college enrollment rates of high school graduates, college graduation rates for college enrollees, the distribution of undergraduate majors, and the academic backgrounds of college students. PhD attainment also depends upon changes in the economic rewards to pursuing PhD study relative to entering the workforce or pursuing study for other professional occupations, such as law, medicine, …


The American University: Dilemmas And Directions, Ronald G. Ehrenberg Oct 2012

The American University: Dilemmas And Directions, Ronald G. Ehrenberg

Ronald G. Ehrenberg

[Excerpt] American research universities clearly are national treasures. Over the past decade, however, these institutions have increasingly come under attack for a wide variety of alleged sins. Further, their economic bases are increasingly being eroded because of budget problems at federal and state levels, coupled with increased demand for resources to meet competing social needs, such as health care. Thus, although American universities are national treasures, many fear they are entering a period of decline and may well prove to be an endangered species. Why are research universities being attacked, and why are their supporters in both the private and …


Generation X: Redefining The Norms Of The Academy, Ronald Ehrenberg Oct 2012

Generation X: Redefining The Norms Of The Academy, Ronald Ehrenberg

Ronald G. Ehrenberg

[Excerpt] The members of Generation X are the young faculty members of today and the immediate future. The panelists at this session of the conference were asked to discuss the effects of this generation on academic norms and institutional governance and the types of new models that may be emerging for academia as a result of them. More specifically, they were asked if the attitudes and loyalties of these young faculty members really do differ from that of the Baby Boom Generation, how their attitudes and behavior affect graduate programs, what academic institutions will need to do to attract the …


A Brief Guide To The Aaup Salary Data, Ronald G. Ehrenberg Oct 2012

A Brief Guide To The Aaup Salary Data, Ronald G. Ehrenberg

Ronald G. Ehrenberg

[Excerpt] The AAUP data not only document faculty salary levels, but may also play a role in determining future levels. They represent average data for all full-time faculty members at the university, excluding faculty in medical colleges and health sciences. Thus, they can not be used to compare salaries within a discipline across institutions. They have long been used, however, by faculty on budget or finance committees to inform discussions with central administrators regarding the parameters of the next year’s budget (e.g. tuition increases, faculty salary increases, and endowment payout rates). Often, the faculty and administration will agree on a …


Faculty Retirement Policies After The End Of Mandatory Retirement, Ronald G. Ehrenberg, Michael J. Rizzo Oct 2012

Faculty Retirement Policies After The End Of Mandatory Retirement, Ronald G. Ehrenberg, Michael J. Rizzo

Ronald G. Ehrenberg

[Excerpt] The findings we report above have implications for both institutions and their faculty members. In some states, rapidly growing college age cohorts will require academic institutions to hire large numbers of new faculty in the years ahead to fill positions created to meet the expanding demand for enrollments. Nationally, institutions will have to replace a large number of retiring faculty members in the years ahead. This suggests that most institutions’ concern in upcoming years will not be how to encourage their faculty members to retire. Rather, their concern will be how to continue to draw on the skills of …


Import Decisions And Firm Performance - An Empirical Analysis For The Netherlands, Henk Lm Kox Sep 2012

Import Decisions And Firm Performance - An Empirical Analysis For The Netherlands, Henk Lm Kox

Henk LM Kox

This paper investigates the relation between import decisions and productivity performance for Dutch firms. Importer productivity premiums appear to be larger than those for exporting firms. In the perspective of recent trade theory this indicates that trade costs for importers are at least as important as they are for exporting firms. For import starters I find evidence that ex ante productivity-based self selection is important. This also points in the direction of considerable sunk trade costs for firms that engage in direct imports.


Unleashing Competition In Eu Business Services, Henk Lm Kox Sep 2012

Unleashing Competition In Eu Business Services, Henk Lm Kox

Henk LM Kox

This policy brief provides research results indicating that a lack of competitive selection contributes to the productivity stagnation in European business services. Competition between small firms and large firms in business services is found to be weak. Inefficiencies also persist within size classes, which indicates a lack of competitive pressure. Markets for business services appear to work best in countries with flexible regulation on employment change, and with low regulatory costs for firms that start-up or exit a business. Countries with more openness to foreign competition perform better in terms of competitive selection and productivity. Policy simulations show that many …


Introduction: Choices In Education, Ronald G. Ehrenberg Sep 2012

Introduction: Choices In Education, Ronald G. Ehrenberg

Ronald G. Ehrenberg

[Excerpt] Society has high expectations for our educational system, and social science research should contribute to helping meet these expectations. Research on the choices that participants in the system make, and on the consequences of these choices, is particularly useful and often provides information that is directly relevant to the policy debate. Thus the four chapters in this volume all address the choices, and the consequences of choices, made by students, teachers, and school administrators. They are grouped together in this book in the belief that providing them this way will increase their influence on public policy.


Cornell Confronts The End Of Mandatory Retirement, Ronald G. Ehrenberg, Michael W. Matier, David Fontanella Sep 2012

Cornell Confronts The End Of Mandatory Retirement, Ronald G. Ehrenberg, Michael W. Matier, David Fontanella

Ronald G. Ehrenberg

[Excerpt] In July 1995, the first author of this paper was appointed vice president of academic programs, planning and budgeting at Cornell and, at his initiative, a joint faculty-administrative committee was subsequently established, with him as chair, to look into how the university should respond to the elimination of mandatory retirement. In this chapter, we discuss the environment in which the university found itself when the committee was established, the recommendations of the committee, faculty reactions to the recommendations, and the actions that the university ultimately decided to pursue.


No Longer Forced Out: How One Institution Is Dealing With The End Of Mandatory Retirement, Ronald G. Ehrenberg Sep 2012

No Longer Forced Out: How One Institution Is Dealing With The End Of Mandatory Retirement, Ronald G. Ehrenberg

Ronald G. Ehrenberg

: [Excerpt] Why should academic institutions or their faculty care about the end of mandatory retirement for tenured faculty, which became effective in January 1994? From the perspective of an individual tenured faculty member who wants to continue her career beyond age seventy, the elimination is a welcome event. In the past, faculty members who wanted to remain active after reaching seventy had to negotiate their status with institutions that were under no legal obligation to allow them to continue. Now, however, tenured faculty members have the legal right to continue indefinitely in their tenured appointments. From the point of …


American Higher Education In Transition, Ronald G. Ehrenberg Sep 2012

American Higher Education In Transition, Ronald G. Ehrenberg

Ronald G. Ehrenberg

[Excerpt] In public higher education, tuition increases in recent decades have barely offset a long-run decline in state appropriations per full-time equivalent student. State appropriations per full-time equivalent student at public higher educational institutions averaged $6,454 in fiscal year 2010; at its peak in fiscal year 1987, the comparable number (in constant dollars) was $7,993 (State Higher Education Executive Officers 2011, figure 3), translating into a decline of 19 percent over the period. Even if one leaves out the "Great Recession," real state appropriations per full-time equivalent student were still lower in fiscal year 2008 than they were 20 years …


Part-Time Employment In The United States, Ronald G. Ehrenberg, Pamela Rosenberg, Jeanne Li Sep 2012

Part-Time Employment In The United States, Ronald G. Ehrenberg, Pamela Rosenberg, Jeanne Li

Ronald G. Ehrenberg

[Excerpt] To say that part-time workers are less costly than full-time workers, however, is not an explanation for the trend in the use of part-time employees that has occurred. Rather, one must show that the relative cost advantage of part-time workers has increased over time and that variations in the relative cost advantage are associated with variations in the usage of part-time employment. Somewhat surprisingly, few researchers have tried to do this, and even these only indirectly. This paper addresses this issue, albeit in a slightly different way, focusing on data from the United States. We begin in the next …


Do Historically Black Institutions Of Higher Education Confer Unique Advantages On Black Students? An Initial Analysis, Ronald G. Ehrenberg, Donna S. Rothstein Sep 2012

Do Historically Black Institutions Of Higher Education Confer Unique Advantages On Black Students? An Initial Analysis, Ronald G. Ehrenberg, Donna S. Rothstein

Ronald G. Ehrenberg

[Excerpt] Despite the declining relative importance of HBIs in the production of black bachelor's degrees, in recent years they have become the subject of intense public policy debate for two reasons. First, court cases have been filed in a number of southern states that assert that black students continue to be underrepresented at traditionally white public institutions, that discriminatory admissions criteria are used by these institutions to exclude black students (e.g., basing admissions only on test scores and not also on grades), and that per student funding levels, program availability, and library facilities are substantially poorer at public HBIs than …


Financial Forces And The Future Of American Higher Education, Ronald G. Ehrenberg, Michael J. Rizzo Sep 2012

Financial Forces And The Future Of American Higher Education, Ronald G. Ehrenberg, Michael J. Rizzo

Ronald G. Ehrenberg

Recent shifts in state funding are altering the most basic realities of American higher education, from student access to faculty research.


Don't Blame Faculty For High Tuition: The Annual Report On The Economic Status Of The Profession, 2003-04, Ronald Ehrenberg Sep 2012

Don't Blame Faculty For High Tuition: The Annual Report On The Economic Status Of The Profession, 2003-04, Ronald Ehrenberg

Ronald G. Ehrenberg

[Excerpt] The bottom line is that although faculty and staff salary in-creases obviously contribute to increases in tuition, other factors have played more important roles during the last quarter century. These factors include the escalating costs of benefits for all employees, reductions in state support of public institutions, growing institutional financial-aid costs, expansion of the science and research infrastructure at research universities, and the increasing costs of information technology. If tuition and fee increases had been held to the rate of average faculty salary increases during this period, average tuition and fees would be substantially lower today in both the …


Career's End: A Survey Of Faculty Retirement Policies, Ronald G. Ehrenberg Sep 2012

Career's End: A Survey Of Faculty Retirement Policies, Ronald G. Ehrenberg

Ronald G. Ehrenberg

There are almost as many ways to retire from the academy as there are types of schools. But, as a recent study shows, institutional planning can prevent unpleasant surprises.


On Overtime Hours Legislation, Ronald G. Ehrenberg Sep 2012

On Overtime Hours Legislation, Ronald G. Ehrenberg

Ronald G. Ehrenberg

[Excerpt] In the United States, proposals have been periodically introduced into Congress to amend the provisions of the Fair Labour Standards Act (FLSA) to restrict the use of overtime hours and stimulate employment growth. This report summarizes the research I have conducted since 1970 on the likely effects of these proposed policy changes and my appraisal of their desirability. Although all of the empirical results I discuss pertain to United States data, they suggest the type of empirical analyses that should be undertaken with Canadian data before decisions about policy changes are made here. I begin in the first main …


Unequal Progress: The Annual Report On The Economic Status Of The Profession 2002-03, Ronald Ehrenberg Sep 2012

Unequal Progress: The Annual Report On The Economic Status Of The Profession 2002-03, Ronald Ehrenberg

Ronald G. Ehrenberg

[Excerpt] Most colleges and universities adopted budgets for the 2002-03 academic year in the spring and early summer of 2002. At that time, a pessimist might have cited several factors – negative rates of return from institutional endowments, a rising unemployment rate, an economic recession, and large increases in college and university enrollments, for example - to predict that faculty members would not see their earnings increase substantially in real terms in the coming year. The good news is that, overall and on average, the pessimists' worst fears proved incorrect. The bad news is that the overall aver-ages don't tell …


Dynamic Market Selection In Eu Business Services, Henk Lm Kox, George Van Leeuwen Jul 2012

Dynamic Market Selection In Eu Business Services, Henk Lm Kox, George Van Leeuwen

Henk LM Kox

European business services has witnessed about two decades of virtual productivity stagnation. The paper investigates whether this is caused by weak dynamic market selection. The time pattern of scale-related inefficiencies is used as an indicator for the effectiveness of market selection. We use a DEA method to construct the productivity frontier by sub-sector and size class, for business services in 13 EU countries. From this we derive scale economies and their development over time. Between 1999 and 2005 we observe a persistence of scale inefficiencies and X-inefficiencies , with scale efficiency falling rather than growing over time. This indicates malfunctioning …


Introduction [To Advance Notice Provisions In Plant Closing Legislation], Ronald Ehrenberg, George Jakubson Jul 2012

Introduction [To Advance Notice Provisions In Plant Closing Legislation], Ronald Ehrenberg, George Jakubson

Ronald G. Ehrenberg

No abstract provided.


Human Capital Formation And Economic Development In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Mahboob Ul Hassan, Muhammad Shahid May 2012

Human Capital Formation And Economic Development In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Mahboob Ul Hassan, Muhammad Shahid

Muhammad Irfan Chani

This study investigates the casual relationship between economic development and formation of human capital in Pakistan. Based on endogenous growth theory, this study empirically tests the standard growth model consisting of gross domestic product (GDP) per capita as a dependent variable and human capital formation, investment in physical capital and labor force as independent variables. Autoregressive distributive lag (ARDL) bound testing approach to cointegration is used to check the long-run equilibrium relationship between the variables included in the model. For checking the causal relationship between economic development and human capital formation, pair-wise Granger causality test is used for time series …


Some Socio Economic Determinants Of Fertility In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Muhammad Shahid, Mahboob Ul Hassan Apr 2012

Some Socio Economic Determinants Of Fertility In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Muhammad Shahid, Mahboob Ul Hassan

Muhammad Irfan Chani

This study aims to investigate the role that various socioeconomic factors like female education, urbanization and female labour force participation play in determining fertility of women in Pakistan. ARDL bound test approach to cointegration is used to analyze the long-run relationship of the variables by using the data for the period from 1980 to 2009. The empirical results show that there exists a long-run as well as short-run relationship between fertility and urbanization, female labour force participation and female education in Pakistan. The analysis indicates there is a negative relationship between all 3 determinants with fertility. Female education and urbanization …


Export Decisions Of Services Firms Between Agglomeration Effects And Market-Entry Costs, Henk Lm Kox Apr 2012

Export Decisions Of Services Firms Between Agglomeration Effects And Market-Entry Costs, Henk Lm Kox

Henk LM Kox

The paper tests the role of agglomeration effects on the export decision of services firms. Recent theories on trade with heterogeneous firms predict that export participation goes along with sunk market-entry costs. Only the more productive firms will be able to overcome these sunk costs. This leads to a process of - ex ante - self selection. These predictions are tested for the services industry, with due account for the possible role of agglomeration effects in large-city areas. Standard empirical tests of the new trade models consistently find productivity-based ex ante self selection by exporters, and this effect is mostly …


Securities Market Theory: Possession, Repo And Rehypothecation, Jean-Marc Bottazzi, Jaime Luque, Mario Pascoa Feb 2012

Securities Market Theory: Possession, Repo And Rehypothecation, Jean-Marc Bottazzi, Jaime Luque, Mario Pascoa

Jaime P. Luque

By introducing repo markets we understand how agents need to borrow issued securities before shorting them: (re)-hypothecation is at the heart of shorting. Non-negative amounts of securities in the box of an agent (amounts borrowed or owned but not lent on) can be sold, and recursive use of securities as collateral allows agents to leverage their positions. A binding box constraint induces a liquidity premium: the repo rate becomes special and the security price higher than expected discounted cash-flows. Existence of equilibrium is granted under limited re-hypothecation, a situation secured by (current or proposed) institutional arrangements.