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Economic Policy

1999

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Articles 1 - 24 of 24

Full-Text Articles in Social and Behavioral Sciences

Shrinking Kin Networks In Italy Due To Sustained Low Fertility, Cecilia Tomassini, Douglas A. Wolf Dec 1999

Shrinking Kin Networks In Italy Due To Sustained Low Fertility, Cecilia Tomassini, Douglas A. Wolf

Center for Policy Research

Among the closely watched demographic trends of the late 20th Century is a pronounced drop in fertility rates throughout much of the world. Italy presents a particularly interesting case for study: in 1960, Italy’s total fertility rate (TFR) was 2.41; by 1995 it had fallen to 1.17. According to United Nations projections, by 2050 Italy will be the second oldest country in the world, with 3.4 persons aged 60 or older for each person under age 15. Besides overall population aging, another implication of sustained low fertility is smaller families and kin groups. We investigate the consequences of projected changes …


Judgment Proofing, Bankruptcy Policy, And The Dark Side Of Tort Liability, Charles W. Mooney Jr. Nov 1999

Judgment Proofing, Bankruptcy Policy, And The Dark Side Of Tort Liability, Charles W. Mooney Jr.

All Faculty Scholarship

No abstract provided.


A Case Study Of The Enterprise Zone Program: “Ez” Avenue To Minority Economic Development?, Sherri Wallace Jul 1999

A Case Study Of The Enterprise Zone Program: “Ez” Avenue To Minority Economic Development?, Sherri Wallace

Sherri L. Wallace

This article explores Pennsylvania’s enterprise zone program as an economic development strategy in one city—Philadelphia. Given the underlying corporate-centered focus of economic development policies, it focuses on whether such policies can effectively reduce the high rate of joblessness for central-city residents as well as increase the rate of business development for minority business owners. To have a long-term impact on minority communities, economic development policies should identify ways to increase minority economic development through entrepreneurship and job creation strategies.


Life Beyond Nuclear Testing The Nevada Test Site, Fina Martinez-Myers May 1999

Life Beyond Nuclear Testing The Nevada Test Site, Fina Martinez-Myers

UNLV Theses, Dissertations, Professional Papers, and Capstones

The Nevada Test Site (NTS) has served a crucial role in protecting the nation's security over the last 50 years. Changing national budgets and fiscal priorities have signaled dramatic adjustments for the NTS. Following the 1992 nuclear testing moratorium, the U.S. government has begun to make parts of the NTS available for private-sector use in an effort to generate money, utilize the Test Site's unique resources and capabilities, and provide economic development to southern Nevada. The initiative to attract private industry to the NTS is similar to activities taking place at other nuclear facilities across the nation. With a change …


Employee-Based Versus Employer-Based Subsidies To Low-Wage Workers: A Public Finance Perspective, Stacy Dickert-Conlin, Douglas Holtz-Eakin Apr 1999

Employee-Based Versus Employer-Based Subsidies To Low-Wage Workers: A Public Finance Perspective, Stacy Dickert-Conlin, Douglas Holtz-Eakin

Center for Policy Research

We revisit the relative merits of employee-based versus employer-based labor market subsidies. While conventional analyses stress the equivalence of these approaches, we find a modest preference for employee-based approaches. Because the population of low-wage workers overlaps, but is not identical to, the populations of low-skill or low-income workers, simple employer-based approaches are likely to be poorly targeted. Targeting may be improved by identification of eligible workers, but identification itself raises the possibility of detrimental stigma associated with the program. When combined with lower participation rates among firms than among households, the size of employer-based subsidies needed to match the outcome …


Exploring The Effect Of Welfare Reform Implementation On The Attainment Of Policy Goals: An Examination Of Michigan's Counties, Jodi Sandfort Apr 1999

Exploring The Effect Of Welfare Reform Implementation On The Attainment Of Policy Goals: An Examination Of Michigan's Counties, Jodi Sandfort

Center for Policy Research

This paper presents a cross-sectional examination of the implementation conditions within Michigan during the first year following the passage of federal welfare reform. It asks the question, “Do implementation factors in the welfare system quantitatively influence the achievement of public policy goals?” Drawing on data from 82 counties, this analysis provides an exploratory, multivariate model that controls for environmental factors outside of the influence of program implementers and examines the effects of macro- and micro-implementation conditions on an outcome desired by policy reforms. The results suggest that implementation factors do have a statistically discernible relationship to proportion of a county’s …


Stability And Change In The Living Arrangements Of Older Italian Women, 1990-1995, Cecilia Tomassini, Douglas A. Wolf Apr 1999

Stability And Change In The Living Arrangements Of Older Italian Women, 1990-1995, Cecilia Tomassini, Douglas A. Wolf

Center for Policy Research

In this work we analyze the living arrangements of elderly unmarried women in Italy. We use data from three surveys, collected in 1990, 1994, and 1995 by the Italian statistical agency ISTAT. We consider unmarried women aged 65 and older, and three household types (living alone, with children, or with others), taking into account the availability of children with whom they might share a household. During this period the percentage of elderly living alone fell slightly. We investigate these patterns with a structural analysis based on multinomial models. Results indicate that some individual variables (living in southern Italy, health status) …


Estimating The Income Effect On Retirement, Douglas Holtz-Eakin, David Joulfaian, Harvey S. Rosen Apr 1999

Estimating The Income Effect On Retirement, Douglas Holtz-Eakin, David Joulfaian, Harvey S. Rosen

Center for Policy Research

One of the most important issues in the debate over Social Security is how various changes in the system would change retirement behavior. A critical parameter in this context is the income effect on retirement— how a change in income affects retirement behavior, ceteris paribus. To estimate the income effect, we examine tax-return generated data on the labor force activity of a group of older people before and after they receive inheritances. The results are consistent with the notion that income effects are small. Neither retirement decisions nor the magnitude of earnings conditional on working seem to be affected very …


A Time-Series Econometric Model Of The Upstate New York Economy, Donald H. Dutkowsky, James Follain, Seth Giertz Mar 1999

A Time-Series Econometric Model Of The Upstate New York Economy, Donald H. Dutkowsky, James Follain, Seth Giertz

Center for Policy Research

The purpose of the research described in this report is to produce an econometric model of the Upstate New York economy and two metropolitan areas within it—Albany and Syracuse. The model is intended to satisfy three main criteria. First, the model should be capable of capturing the dynamic nature of the local economy. This simply reflects the widely held belief that the local economy’s response to various external forces and policies is unlikely to be immediate. Second, the model ought to be capable of generating short-run forecasts. In particular, quarterly forecasts for one or two years are preferred to long-run …


Transferring Policymaking Power To Judges - The Effect Of Judicially Enforceable Constitutional Restraints - Is Not A Denfensible Alternative To Majority Rule, Lino A. Graglia Feb 1999

Transferring Policymaking Power To Judges - The Effect Of Judicially Enforceable Constitutional Restraints - Is Not A Denfensible Alternative To Majority Rule, Lino A. Graglia

William & Mary Law Review

No abstract provided.


Still A Solution: In Further Support Of Spending Supermajority Rules, John O. Mcginnis, Michael B. Rappaport Feb 1999

Still A Solution: In Further Support Of Spending Supermajority Rules, John O. Mcginnis, Michael B. Rappaport

William & Mary Law Review

No abstract provided.


A Fiscal Constitution With Supermajority Voting Rules, Elizabeth Garrett Feb 1999

A Fiscal Constitution With Supermajority Voting Rules, Elizabeth Garrett

William & Mary Law Review

No abstract provided.


Supermajority Rules As A Constitutional Solution, John O. Mcginnis, Michael B. Rappaport Feb 1999

Supermajority Rules As A Constitutional Solution, John O. Mcginnis, Michael B. Rappaport

William & Mary Law Review

No abstract provided.


Town Of Salisbury, Umass Amherst Center Economic Development Jan 1999

Town Of Salisbury, Umass Amherst Center Economic Development

Center for Economic Development Technical Reports

Salisbury, Massachusetts has the history and the skeleton of a typical New England village, but has lost much of the identifiable character to post 1950 regulated development. (Town of Salisbury Local Partnership Committee Economic Development Plan, 1996) Today Salisbury has two identifiable centers. The historic town center, known as Salisbury Square, and the Salisbury Beach…


Town Of Groveland, Umass Amherst Center Economic Development Jan 1999

Town Of Groveland, Umass Amherst Center Economic Development

Center for Economic Development Technical Reports

This report takes a look at Groveland, Massachusetts. Groveland is a small residential community that retains all of the characteristics of a friendly rural town in the setting of a convenient suburb. The town was incorporated in 1850, and changed gradually from an agricultural community to one that is almost wholly residential.


Moving Toward The Millennium With Open Space In Huntington, Umass Amherst Center Economic Development Jan 1999

Moving Toward The Millennium With Open Space In Huntington, Umass Amherst Center Economic Development

Center for Economic Development Technical Reports

This report includes presentation and examination of community, environmental and conservation/recreation issues. The information is then analyzed according to the needs of the town and incorporated into recommendations for future action.


Laying The Groundwork: Preparing For A Master Plan In Deerfield, Ma, Umass Amherst Center Economic Development Jan 1999

Laying The Groundwork: Preparing For A Master Plan In Deerfield, Ma, Umass Amherst Center Economic Development

Center for Economic Development Technical Reports

In April of 1998 a Master Plan Committee was established to start work toward the first Master Plan for Deerfield, Massachusetts. A major catalyst for this decision was chronic septic failure throughout much of Deerfield. This failure raised the question of whether or not Deerfield should expand its public sewer. Expanding the system would solve the immediate problem of septic failure, but could potentially encourage unwanted development and create a new cycle of problems.


Government In Merchant Maritime Transport Business In Nigeria : Recommendations For Improved Performance Of The Current Shipping Line, Godwyn Msuega Ajeseni Jan 1999

Government In Merchant Maritime Transport Business In Nigeria : Recommendations For Improved Performance Of The Current Shipping Line, Godwyn Msuega Ajeseni

World Maritime University Dissertations

No abstract provided.


What Does Smart Growth Mean For Housing?, Karen A. Danielsen, Robert E. Lang, William Fulton Jan 1999

What Does Smart Growth Mean For Housing?, Karen A. Danielsen, Robert E. Lang, William Fulton

Public Policy and Leadership Faculty Publications

Barely noticed amid the returns from the 1998 midterm elections was a quiet revolution that goes to the heart of how and where Americans live. While most news accounts focused on the high-profile candidate elections, voters across the nation-in Democratic and Republican areas alike-approved more than 160 state and local ballot measures intended to preserve open space and limit urban sprawl.

The coalition forming around the idea of limiting sprawl includes environmentalists, farmers, big-city mayors, and some developers. But perhaps most important, the so-called "smart growth" movement also includes many suburban voters who are fed up with growth. For example, …


The Greek-Flagged Fleet : A Case Study With Special Reference To The Importance, The Causes And The Remedy Of Its Competitive Edge, Iossif Voutsinos Jan 1999

The Greek-Flagged Fleet : A Case Study With Special Reference To The Importance, The Causes And The Remedy Of Its Competitive Edge, Iossif Voutsinos

World Maritime University Dissertations

No abstract provided.


The Scope Of Private Securities Litigation: In Search Of Liability Standards For Secondary Defendants, Jill E. Fisch Jan 1999

The Scope Of Private Securities Litigation: In Search Of Liability Standards For Secondary Defendants, Jill E. Fisch

All Faculty Scholarship

Recent federal court decisions have struggled to apply the Supreme Court's decision in Central Bank v. First Interstate to determine when outside professionals should be held liable as primary violators under section IO(b) of the Securities Exchange Act. In keeping with the Court's current interpretive methodology, Central Bank and its progeny employ a textualist approach. In this Article, Professor Fisch argues that literal textualism is an inappropriate approach for interpreting the federal securities laws generally and misguided in light of legislative developments post-dating the Central Bank decision. Instead, Professor Fisch advocates an approach that weighs Congress 's recent endorsement of …


The Genius Of The 1898 Bankruptcy Act, David A. Skeel Jr. Jan 1999

The Genius Of The 1898 Bankruptcy Act, David A. Skeel Jr.

All Faculty Scholarship

No abstract provided.


Comparative Corporate Governance And The Theory Of The Firm: The Case Against Global Cross Reference, William W. Bratton, Joseph A. Mccahery Jan 1999

Comparative Corporate Governance And The Theory Of The Firm: The Case Against Global Cross Reference, William W. Bratton, Joseph A. Mccahery

All Faculty Scholarship

Professors Bratton and McCahery take up the main questions addressed by the literature on comparative corporate governance: whether national governance systems can be expected to converge in the near future, and whether the focal point of that convergence will be a new, hybrid governance system comprised of the best practices drawn from different systems. This Article advances the view that neither global convergence that eliminates systemic differences nor the emergence of a hybrid best practice safely can be projected because each national governance system is a system to a significant extent. Each system, rather than consisting of a loose collection …


Life On "Ez" Street: Linking Community Economic Development To The Empowerment Zones And Enterprise Community Policy Goals, Sherri Wallace Dec 1998

Life On "Ez" Street: Linking Community Economic Development To The Empowerment Zones And Enterprise Community Policy Goals, Sherri Wallace

Sherri L. Wallace

This is an examination of the literature on community economic development and its relation to the stipulated urban empowerment zone and enterprise community policy goals: economic opportunity, sustainable community development, community-based partnerships, and overall community strategic vision. The central argument is that community development and economic development are simultaneous occurrences. From this theoretical framework the Empowerment Zones and Enterprise Communities (EZEC) program emerges as an effective tool in assisting minority community economic development. Given this context, my objective here is to examine the nature and role of the EZEC program's key principles as a new revitalization strategy in urban revitalization …