Digital Commons Network^™

The Indivisibility Of Economic And Political Rights, Linda M. Keller

Human Rights & Human Welfare

A review of:

Development as Freedom by Amartya Sen. New York: Knopf , 1999 (Paperback Edition: Random House, 2000). 366pp.

Economic Currents: The State Of The State Economy, Alan Clayton-Matthews

Public Policy and Public Affairs Faculty Publication Series

Pain and anxiety are accompanying the news of an economy that has not grown since December. The Massachusetts Current Economic Index, a proxy for real gross state product growth, was actually lower in April than it was at the end of last year, and it is only 1.5 percent greater than in April 2000.

Economy And 'New Economy' In The United States And Germany, Phillip J. Bryson

Faculty Publications

The expression "New Economy" is used inconsistently. This Article review the driving forces of the US boom of the 1990s, examining the changes introduced in the period and before, focusing on the IT sector and new technologies. The "New Economy" is not just the new sectors, but changes in the overall economy emanating from them. These changes will not evaporate in an economic slowdown. Comparisons of the USA with Germany and Europe illustrate that the "New Economy" will also continue to develop there on the foundations already laid.

The Lingnan Commentary - July 2001 (No. 3), Hong Kong Institute Of Business Studies, Lingnan University

The Lingnan Commentary 嶺南評論 : A Quarterly Review of Economic, Business and Social Issues by Lingnan University

No abstract provided.

Time-Shifted Rationality And The Law Of Law's Leverage: Behavioral Economics Meets Behavioral Biology, Owen D. Jones

Vanderbilt Law School Faculty Publications

A flood of recent scholarship explores legal implications of seemingly irrational behaviors by invoking cognitive psychology and notions of bounded rationality. In this article, I argue that advances in behavioral biology have largely overtaken existing notions of bounded rationality, revealing them to be misleadingly imprecise - and rooted in outdated assumptions that are not only demonstrably wrong, but also wrong in ways that have material implications for subsequent legal conclusions. This can be remedied. Specifically, I argue that behavioral biology offers three things of immediate use. First, behavioral biology can lay a foundation for both revising bounded rationality and fashioning …

Unemployment Compensation And Older Workers, Christopher J. O'Leary, Stephen A. Wandner

Conference Papers

No abstract provided.

Social Interaction And Stock Market Participation, Jeffrey D. Kubik, Harrison Hong, Jeremy C. Stein

Economics - All Scholarship

We investigate the idea that stock-market participation is influenced by social interaction. We build a simple model in which any given "social" investor finds it more attractive to invest in the market when the participation rate among his peers is higher. The model predicts higher participation rates among social investors than among "non-socials". It also admits the possibility of multiple social equilibria. We then test the theory using data from the Health and Retirement Study. Social households-defined as those who interact with their neighbors, or who attend church-are indeed substantially more likely to invest in the stock market than non-social …

Competition In Indian Industries : A Strategic Perspectiveedited By N. Ravichandran, New Delhi: Vikas Publications,1999., Smriti Johri, Sanjyot Pethe

IIMB Management Review

No abstract provided.

Industry And Corporate Competitiveness : The Auto Parts Industry In China, Taiwan, South Korea, And India By L. Sridharan, New Delhi: Wheeler Publishing, 1999., L S Murty

IIMB Management Review

No abstract provided.

Have 401(K)S Raised Household Savings? Evidence From The Health And Retirement Study, Gary V. Engelhart

Center for Policy Research

The most popular tax subsidy to household saving in the United States is the 401(k)-type pension arrangement, which subsidizes saving through income-tax deferral on wages and salary dedicated to retirement saving and through investment accrual at the pre-tax interest rate. Although enabled by legislation in 1978, 401(k) plans effectively were not adopted until the Internal Revenue Service issued clarifying rules in 1981. Since then, they have grown remarkably and become the primary vehicle for retirement saving. In 1996, 33 percent of all private pension assets, 33 percent of all pension plans, and 45 percent of all active pension participants were …

Pre-Retirement Lump-Sum Pension Distributions And Retirement Income Security: Evidence From The Health And Retirement Study, Gary V. Engelhart

Center for Policy Research

This paper uses data from the 1992 and 1998 Waves of the Health and Retirement Study (HRS) to examine the extent of retirement wealth erosion from pre-retirement lump-sum distributions. There is little evidence that spent distributions have resulted in significant pension leakage. If spent distributions had been rolled over into a tax-qualified plan instead, they would have represented in present value between 5 and 11 percent of pension and Social Security wealth for the median household that spent a distribution. However, one-quarter of the households that spent distributions—which is 2.25 percent of all households age 51 to 61—could have increased …

From Plant Closure To Reemployment In The New Economy: Risks To Workers Dislocated From The Declining Garment Manufacturing Industry, Cynthia Rocha

The Journal of Sociology & Social Welfare

The current study investigates financial and emotional consequences to workers as the U.S. economy continues to shift from a manufacturing to a service economy. One hundred eighty-eight garment workers were surveyed before their plant closed in 1998 and six months later to assess reemployment opportunities, financial difficulty and emotional well-being. All workers experienced some financial difficulty after the plant closed, with single parents reporting the greatest financial difficulty. Workers who became immediately reemployed lost an average of $2.41 in wages per hour. Sixteen percent of the sample lost their health insurance. Overall depression and anxiety scores declined over six months, …

Motor Vehicle Taxes As An Environmental Management Instrument: The Case Of Singapore, Ngee-Choon Chia, Sock Yong Phang

Research Collection School Of Economics

Being geographically small, land scarcity poses a potential constraint for economic growth in Singapore. Restraining car ownership and car use through motor vehicle taxes is part of the land-transport policy to ensure smoother traffic flow. This paper analyses the use of motor vehicle taxes in Singapore as an environmental management instrument. It evaluates the effectiveness of ownership and use taxes as instruments to internalise congestion and environment externality. Economic issues relating to the use of such taxes are also highlighted. It concludes that motor vehicle taxes offer Singapore a double dividend.

Slippery When Wet: The Effects Of Local Alcohol Access Laws On Highway Safety, Reagan Anne Baughman, Michael Conlin, Stacy Dickert-Conlin, John V. Pepper

Economics - All Scholarship

Using detailed panel data on local alcohol policy changes in Texas, this paper tests whether the effect of these changes on alcohol-related accidents depends on whether the policy change involves where the alcohol is consumed and the type of alcohol consumed. After controlling for both county and year fixed effects, we find evidence that: (i) the sale of beer and wine may actually decrease expected accidents; and (ii) the sale of higher alcohol-content liquor may present greater risk to highway safety than the sale of just beer and wine.

Studies On The Formation Of Dna-Cationic Lipid Composite Films And Dna Hybridization In The Composites, Murali Sastry, Vidya Ramakrishnan, Mrunalini Pattarkine, Krishna N. Ganesh

Faculty Works

The formation of composite films of double-stranded DNA and cationic lipid molecules (octadecylamine, ODA) and the hybridization of complementary single-stranded DNA molecules in such composite films are demonstrated. The immobilization of DNA is accomplished by simple immersion of a thermally evaporated ODA film in the DNA solution at close to physiological pH. The entrapment of the DNA molecules in the cationic lipid film is dominated by attractive electrostatic interaction between the negatively charged phosphate backbone of the DNA molecules and the protonated amine molecules in the thermally evaporated film and has been quantified using quartz crystal microgravimetry (QCM). Fluorescence studies …

The Mind-Body Problem: A Tuberculosis/Tobacco Example, Ibpp Editor

International Bulletin of Political Psychology

This article illustrates two conflicts between what is, perhaps, best for the mind and best for the body.

Dollarization And The Mexican Labor Market, George J. Borjas, Eric O'N. Fisher

Economics

This paper examines how dollarization affects the internal wage structure in the Mexican labor market, and alters the incentives of Mexican nationals to emigrate to the United States. A simple model shows that by adopting a fixed rate regime tied directly to the U.S. dollar, Mexican policy makers are in effect giving up “a degree of freedom” in their toolkit of policy remedies. If there are imperfections in the Mexican economy, such as downward wage rigidity, an adverse economic shock would generate more unemployment in a dollarized economy, further increasing the propensity of Mexican workers to migrate to the United …

Same Planet - New World?: A Chronicle Of The American Century, Don P. Diffine Ph.D.

Belden Center Books

This book is a normative audit of the past hundred years in the U.S. economy. As we tiptoe into the new millennium, we are the oldest living republic. However, let's remember that our Constitution doesn't guarantee us a good life, prosperous life, a happy life, or even a long life. It only offers the protection of life. We make of our lives what we will. We should bet on the long run future success of American capitalism. If we don't have a future, nobody does.

Fiscal Policy: Its Macroeconomics In Perspective, James Tobin

Cowles Foundation Discussion Papers

President George W. Bush is preparing a drastic permanent reduction in federal income and estate taxes. He cites as precedents tax cuts by Kennedy-Johnson 1962-64 and Reagan 1981. In those cases, however, the economy was operating well below full employment and needed a “demand-side” stimulus (even though Reagan advertised his tax reduction as “supply-side”). In 2001, however, the economy is very close to full employment, and if it needs a stimulus at all, it is a quick modest temporary one instead of the large permanent one proposed. And why can’t monetary policy do the job of stabilization, as it did …

Scale Economies In Public Education: Evidence From School Level Data, Ryan C. Bosworth

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

The structure of school finance regimes in the United States has been a subject of much political and legal debate over the past three decades. Court rulings have required many states to restructure school financing methods in order to pursue some concept of equality. Achieving equality of spending is, of course, a simple matter. Developing a funding mechanism that provides for equality of educational opportunity. however, is difficult since such a system, by definition, must allow for cost differences across schools and districts.

The Reforms Of China's State Enterprises, The Bank System And The Relationship Between Them, Zheng Li

All-Inclusive List of Electronic Theses and Dissertations

China's economic reform is now at a critical stage ofrestructuring the financial sector and state-owned enterprises (SOEs). Although refonns have accomplished much over the past two decades, many problems still exist in these two sectors. Chinese banks and enterprises influence and interweave with each other. The banks can't operate fuJly as commercial banks until the principal borrowers are fully reformed. SOEs cannot become profitable unless the banking system is commercialized and stops making poHcy loans to the money-losing enterprises. How can China reform its banking system and SOEs to achieve sustained long-term growth? This study focuses on the reform of …

A Cost-Benefit Analysis Of High Capacity Chip Mills In The Southeastern United States, Blair Hutchins

Honors Theses

This study on the costs and benefits of high capacity chip mills located in the southeastern United States stems from a personal interest gained in the subject through my Environmental Science minor. During my courses of study, factors such as philosophy and ecology were brought into discussions both for and against these chip mills. However, there was no economic data presented from either side. This caused me to wonder whether chip mills were, from an economic perspective, a positive or negative industry for this region. The present study will present a compilation of facts and data on the economic analysis …

Capitalism And The Value Of Life: Foot-And-Mouth And The Culling Of Herds, Ibpp Editor

International Bulletin of Political Psychology

This article describes some psychological implications of culling as an intervention to help combat the spread of foot-and-mouth disease.

April 2001, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

Rural Economic Development: A Stewardship Model For Organizing Worker Cooperatives Part Two, Charles Sperry, Joyce Brusin, Tom Seekins Ph.D., University Of Montana Rural Institute

Employment

Worker cooperative corporations are a particular way of organizing business and employment opportunities. They usually involve a for-profit business that is owned by the worker-members who are employed there. A worker cooperative must perform the same major functions as any other organized business. It must obtain sufficient financing, manage its personnel, and produce and market its product or service. Its staff engage in the same management activities as any other business: planning, staffing, controlling, organizing, and leading.

How To Reduce Arrears In Microfinance Institutions, Norell, Dan Norell

Journal of Microfinance / ESR Review

Reducing arrears is crucial if MFIs are to achieve selfsufficiency. MFI staff must understand the causes of arrears--whether from clients' testing the MFI's determination to collect, crises in clients' lives, loans that are too large, or loans given on the basis of favoritism. Analytical tools for assessing and preventing arrears include key measures for analyzing arrears (e.g., portfolio quality ratios and performance ratios by credit officer) and financial ratio tests for determining appropriate loan size. The key to reducing arrears is to follow up late loans quickly, form strong solidarity groups, update and enforce credit policies, focus credit officers' services …

Self-Interest, Love, And Economic Justice: A Dialogue Between Classical Economic Liberalism And Catholic Social Teaching, Lawrence R. Cima, Thomas L. Schubeck S.J.

Economics & Finance

This essay seeks to start a dialogue between two traditions that historically have interpreted the economy in opposing ways: the individualism of classic economic liberalism (CEL), represented by Adam Smith and Milton Friedman, and the communitarianism of Catholic social teaching (CST), interpreted primarily through the teachings of popes and secondarily the U.S. Catholic bishops. The present authors, an economist and a moral theologian who identify with one or the other of the two traditions, strive to clarify objectively their similarities and differences with the opposing perspective. Section one focuses on each position's perspective of love of self and love of …

Vol. 03 No. 1 Journal Of Microfinance, Journal Of Microfinance

Journal of Microfinance / ESR Review

No abstract provided.

India's Regional Rural Banks: The Institutional Dimension Of Reforms, Nitin Bhatt, Y. S. P. Thorat

Journal of Microfinance / ESR Review

Efforts to reform India's failing Regional Rural Banks (RRBs) have had limited impact, because reformers have paid little attention to the institutional dimensions of the problems facing the banks. Few efforts were made to redesign the perverse institutional arrangements that gave rise to incompatible incentive structures for key stakeholders, such as political leaders, policy makers, stockholders, bank staff, and clients. We recommend that the next leg of reforms focus on aligning the incentives of these stakeholders by giving greater importance to the RRBs' internal organizational contexts and larger policy environments.

Performance Measures For Microenterprise In The United States, Karen Doyle, Jerry Black

Journal of Microfinance / ESR Review

Microenterprise, while currently serving a small number of America's poor, is often the only option--other than receiving welfare--for a variety of individuals to improve their standard of living or quality of life. MicroTest, a project of the Aspen Institute, was created to improve the value of microenterprise services and the stability of microenterprise organizations over time by perfecting and promoting the use of measures to regularly assess performance. This article proposes a performance measurement framework for U.S. microenterprise development programs. The following key categories of outputs and outcomes can be used to assess the performance of microenterprise development providers: Reaching …