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Using Recurrence Probabilities To Estimate The Volume Of Multifamily Mortgage Originations, Robert M. Dunsky, James R. Follain, Jan Ondrich

Center for Policy Research

This study uses recurrence probabilities to generate forecasts of the volume of multifamily mortgage originations for the period 1992-2002. The approach concentrates on predicting the volume of property sales using the baseline of a multifamily prepayment hazard estimation to generate the predicted cohort-specific proportion of calendar sales in a given year. The forecast for the volume of originations depends strongly on the definition of the relevant mortgage population. A definition that excludes assumptions but otherwise includes all properties selling between 1971 and 1991 in which a first mortgage was used in its acquisition yields a forecast of $47.2 billion for …

Agenda: Challenging Federal Ownership And Management: Public Lands And Public Benefits, University Of Colorado Boulder. Natural Resources Law Center

Challenging Federal Ownership and Management: Public Lands and Public Benefits (October 11-13)

Conference organizers, speakers and/or moderators included University of Colorado School of Law professors David H. Getches, Michael A. Gheleta, Teresa Rice, Elizabeth Ann (Betsy) Rieke and Charles F. Wilkinson.

In the face of numerous proposals for privatizing, marketing, and changing the management of public lands, the Natural Resources Law Center will hold its third annual fall public lands conference October 11-13, at the CU School of Law in Boulder.

A panel of public land users and neighbors, including timber, grazing, mining, recreation, and environmental interests, will address current discontent with public land policy and management. There will also be discussion …

The Hedonic Price Structure Of Faculty Compensation At U.S. Colleges And Universities, David E. Clark, Thomas A. Knapp

Economics Faculty Research and Publications

Economic theory suggests that the variation in academic salaries across institutions in part reflects compensating differences associated with variation in the levels of local "quality of life" factors such as environmental quality and the provision of local public services. This paper presents an econometric analysis of the hedonic, or implicit price structure, of faculty compensation at U.S. colleges and universities using data from AAUP merged with data on a host of location-specific characteristics. Quality of life factors are found to be important, accounting for between 7 percent and 12.8 percent of total compensation.

Review Of Speculative Bubbles, Speculative Attacks, And Policy Switching, Eric O'N. Fisher

Economics

No abstract provided.

Ral Notes, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Handwritten notes titled RAL notes discussing the MKK model, Goodwin-Pasmetti-Kaldor result, and savings (September 1995)

• Handwritten notes titled Marx/Keynes on Marxian microfoundations for unemployment, with a note for Scott Carter (December 14, 1993)

• Invitation from Mario Seccareccia and Marc Lavoie for Anwar Shaikh to speak at the University of Ottawa conference What are the actual obstacles to the attainment of full employment in contemporary economies (May 26, 1993)

• Description for the conference What are the actual obstacles to the attainment of full employment in contemporary economies

• List of speakers and topics for the University of Ottawa conference …

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Slow Motion: Economic Mobility Of Young Workers In The 1970s And 1980s, Greg J. Duncan, Johanne Boisjoly, Timothy M. Smeeding

Center for Policy Research

This paper investigates the question of how long it takes young male workers to earn enough to reach a given standard of living, e.g., enough to support a family. We use the Panel Study of Income Dynamics data on the earnings of children and their parents to answer these questions. Our findings are that all groups of men, classified by race, ethnicity, and education level, are taking longer to reach a given standard of living. Some, e.g., undereducated black males, will never reach middle class standards of living for themselves. Implications for household formation, marriage, and public policy are discussed …

Vol. 18 No. 3 (1995): Pacific Studies Full Issue, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies

Pacific Studies

Pacific Studies is published two times a year by The Jonathan Nāpela Center for Hawaiian and Pacific Studies, Brigham Young University Hawai‘i #1979, 55–220 Kulanui Street, Lāʻie, Hawai‘i 96762, but responsibility for opinions expressed in the articles rests with the authors alone. Subscription rate is US$40.00 yearly, payable to The Jonathan Nāpela Center for Hawaiian and Pacific Studies. The Jonathan Nāpela Center for Hawaiian and Pacific Studies (formerly The Pacific Institute) is an organization funded by Brigham Young University Hawai‘i. The Center assists the University in meeting its cultural and educational goals by undertaking a program of teaching, research, and …

Vol. 18 No. 3 (1995): Pacific Studies Front Matter, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies

Pacific Studies

Pacific Studies is published two times a year by The Jonathan Nāpela Center for Hawaiian and Pacific Studies, Brigham Young University Hawai‘i #1979, 55–220 Kulanui Street, Lāʻie, Hawai‘i 96762, but responsibility for opinions expressed in the articles rests with the authors alone. Subscription rate is US$40.00 yearly, payable to The Jonathan Nāpela Center for Hawaiian and Pacific Studies. The Jonathan Nāpela Center for Hawaiian and Pacific Studies (formerly The Pacific Institute) is an organization funded by Brigham Young University Hawai‘i. The Center assists the University in meeting its cultural and educational goals by undertaking a program of teaching, research, and …

Pearl Farming In The Tuamotus: Atoll Development And Its Consequences, Moshe Rapaport

Pacific Studies

No abstract provided.

Books Received And Book Notices, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies

Pacific Studies

Book Listing for the Vol 18, No 3 Edition of the Pacific Studies Journal

Growth, Trade, And International Transfers, Eric O'N. Fisher

Economics

This paper analyzes the simplest neoclassical economy in which agents have finite lives and there is sustained per capita growth. The growth rate of the world economy depends upon countries’ savings propensities and common technology. Trade can reverse an economy’s autarkic growth trajectory, and a country with a high savings rate runs a current account surplus. If a surplus country expands aggregate demand while a deficit country contracts analogously, world growth increases. An appropriate international policy can change the path of the world economy from stagnation to growth.

A New Way Of Thinking About The Current Account, Eric O'N. Fisher

Economics

Extending the theory of generational accounts, I show that the conventional current account is not related to the real effects of a country's fiscal policy. For any international array of fiscal policies, a country can implement its own policy so that the conventional government and current account deficits are zero in every period. I argue that economists should develop a new measure of the current account. This measure is forward looking and keeps track of expected transfers between countries.

Will Seek Funding Help Bring Equity In Educational Output To Kentucky's School Districts?, William Winfrey

Masters Theses & Specialist Projects

The Constitution of the United States gave the individual states the responsibility of providing an adequate minimum education to their citizens. With this responsibility came the additional responsibility of financing the educational process. I will examine the historical thoughts on funding, emphasizing Kentucky, past and present. An ordinary least squares regression analysis will be used to predict the success of the Support Educational Excellence in Kentucky formula. Success is defined as bringing equity of testbased outputs to all school districts. The model and variables are then examined and conclusions drawn concerning the new funding formula.

The Adequacy Of Unemployment Insurance Benefits, Christopher J. O'Leary

Book Chapters

No abstract provided.

Job Growth And The Quality Of Jobs In The U.S. Economy, Susan N. Houseman

Upjohn Institute Working Papers

During the 1980's employment grew rapidly in the United States, prompting many analysts to label the U.S. economy the great American job machine. But while aggregate employment increased rapidly during the 1980's, many did not benefit from the expansion. Among less educated prime-age males, unemployment rates rose and labor force participation rates declined sharply. Moreover, although job growth was high, many argued that the quality of American jobs as measured by wages, benefits, and job security deteriorated. The decline of jobs in the high-paying manufacturing sector and the growth of jobs in the low-paying services sector, the growth in part-time …

The Adequacy Of Unemployment Insurance Benefits, Christopher J. O'Leary

Upjohn Institute Technical Reports

No abstract provided.

Competition Law And International Trade: The European Union And The Neo-Liberal Factor, David J. Gerber

All Faculty Scholarship

No abstract provided.

The Influence Of Special District Government On Public Spending And Debt, Michael L. Marlow

Economics

Growth in special district governments is examined as a reason behind public sector expansion in the United States. A theoretical model is developed of the optimal mix of government suppliers which predicts how special district governments affect the overall provision of government policies. The hypothesis that expansion of special district governments leads to expansion of the public sector is expirically examined over two time periods.

Labor Market Adjustment In Europe, Japan, And The United States, Susan N. Houseman

Conference Papers

No abstract provided.

Workers, Trade Unions And The State In Egypt, 1984-1989, Omar El Shafei

Faculty Books

In the last paragraph of their masterpiece on the Egyptian workers' movement, Workers on the Nile, Joel Beinin and Zachary Lockman suggested that "[t]he strike and riot of textile workers in Kafr al-Dawwar in September 1984 may signal an end to the period of relative economic peace and labor quiescence" in Egypt. Their expectation turned out to be true. The 1984 upheaval in Kafr al-Dawwar was followed by five years of intensifying workers' struggle throughout Egypt. This culminated in two major sit-ins at the Helwan Iron and Steel Company in July and August 1989. Two salient aspects of this period …

Review Of The Macroeconomics Of Self-Fulfilling Prophecie By Roger E. A. Farmer, Abdur Chowdhury

Economics Faculty Research and Publications

No abstract provided.

Instrumentalist Policymaking: Policy Criteria In A Transactional Context, F. Gregory Hayden

Department of Economics: Faculty Publications

As an extension of my recent policymaking chapter, Institutionalist Policymaking [Hayden 1993, 283-331], this paper deals with policy criteria in an instrumentalist or pragmatist framework. The works of Charles Peirce and Thorstein Veblen emphasized criteria-Peirce with explicit discussion of their character and Veblen with active application in his evaluations of various economies and institutions. Few scholars have continued in their tradition; Seymour Melman [1983], with his excellent Veblenian application of criteria in industrial policy studies, is a notable exception. Interest in the subject of criteria, except by individualist philosophers, has been scarce in the twentieth century until recently. Thirty years …

“The New Hebridean Is Everywhere”: The Oceanian Labor Trade To New Caledonia, 1865-1930, Dorothy Shineberg

Pacific Studies

No abstract provided.

Terminating Trusteeship For The Federated States Of Micronesia And The Republic Of The Marshall Islands: Independence And Self-Sufficiency In The Post-Cold War Pacific, Ellen Boneparth, M. James Wilkinson

Pacific Studies

No abstract provided.

Rethinking Pacific Islands Studies, Terence Wesley-Smith

Pacific Studies

No abstract provided.

Monetary Policy And The Performance Of Commercial Banks In Nigeria, Okorie A. Uchendu

Economic and Financial Review

The purpose of this study is primarily to investigate the impact of monetary policy on the performance of the commercial banking industry in Nigeria. An analysis of the industry data showed a strong relationship between monetary policy instruments and commercial bank profitability measures, suggesting that appropriate monetary and banking policies are important factors to the continued stability and profitability of the commercial banking industry. More importantly, the evidence of oligopolistic competition in the commercial banking industry involving the three big commercial banks raises questions on their influence on effective transmission of monetary policy in Nigeria, role as financial intermediaries and …

Structural Adjustment Programmes And External Trade In Developing Countries: Lessons For Nigeria, E. E. Inang

Economic and Financial Review

The failure of trade liberalization in developing countries is attributed to the economic dependency relationships initiated during the colonization period when the developed countries exploited their colonies as a source of cheap raw materials. After independence, and especially in the 1970s and 1980s, most sub-Saharan African countries experienced stagnation and decline in their share of world trade. The introduction of the structural adjustment programmes with its attendant trade liberalization prescriptions has further worsened the terms of trade in developing countries. Neither complete trade liberalization nor complete protectionism can be of benefit to developing countries. These countries need to reduce the …

Nipa Book, Anwar Shaikh Phd

Archives of Anwar Shaikh

• Handwritten notes titled “Calculating Sectoral Total Purchasers’ Prices” (4/16/96)

• Letter from Scott (possibly Martin Scott Carter) to Professor Shaikh regarding progress on a project (4/25/96)

• “Appendix on DataBase Construction (Shaikh & Tonak 1994)” (4/1996)

• “Comparison of S/V Estimates of MFG with Aggregate, Becke Kalmans’ Data” (4/15/96)

• Email from Seongjin Jeong to Professor Shaikh, subject: “Measuring the Wealth of Nations,” requesting help locating an article

• Book reviews from the Journal of Economic Literature of Anwar Shaikh and E. Ahmet Tonak’s Measuring the Wealth of Nations (3/1995)

Protecting Women's Jobs: Unions And Deindustrialization, Marietta Morrissey

The Journal of Sociology & Social Welfare

This paper explores the impact of union membership on a group of unskilled women workers at a public university in a midwestern city. Although the region has experienced high levels of unemployment in recent years, women subjects have been relatively insulated from job loss. Consistent with other research findings on the consequences of unionization, interviews with 18 women indicate that their job tenure is long, tendency to exit jobs low, and wages and benefits relatively good. African-American and white women have slightly different employment histories, however, reflecting patterns of discrimination and occupational segregation in the work place. Regional economic change …

The Effects Of High School Mathematics And Science Classes On Wages, Kara Joy Rocheleau '95

Honors Projects

The popular press is filled with claims that the world is becoming a more technological place, and that mathematical and scientific knowledge is becoming a necessity. Carol Wynn, chairwoman of a chamber of commerce education group, projects by the year 2000 almost all new jobs will be technical in nature (Louka 1993, p. 1). According to Barbara Behrendt (1993, p. 1), education is also moving in that direction; many people feel pursuing more math or science oriented classes will payoff financially.