Social and Behavioral Sciences Commons^™

1995 American Incentive System Almanac, Don P. Diffine Ph.D.

Belden Center Monographs

No abstract provided.

Ral Models, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Handout and handwritten notes on the dynamics of employment and unemployment

• Handwritten notes discussing Marx's concept of the market price of labor power

• Handwritten notes for a paper on the reserve army of labor (RAL) (January 10, 1994)

• Handwritten notes on employment, demand, and supply (July 24, 1994)

• Handwritten notes on Karl Marx's Capital, volume I, chapter 25

• A simple model of the reserve army of labor, a paper by A. Shaikh (April 1994)

• Handwritten notes on saving propensity and accumulation (November 6, 1995)

• Computer printout of a modification of Goodwin's model (October 29, 1997)

• Structure …

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The Capitalist Color Process - Competition And The Choice Of Technique, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Okishio, N. (1963). A mathematical note on Marxian theorems. Weltwirtschaftliches Archiv. Publisher details not identified.

• Schefold, B. (1976, December). Different forms of technical progress. The Economic Journal. Publisher details not identified.

• Shaikh, A. (1995, October). The path of the actual mass of profit [Paper for Eco 204]. Unpublished manuscript.

• Shaikh, A. (1981, February). Conditions for a rising ratio of materialized labor to living labor [Paper for Eco 205]. Unpublished manuscript.

• Juillard, M. (1989, March). The regime of intensive accumulation of the post-war: The case of France and the U.S. Unpublished manuscript.

• Shaikh, A. (1987, March …

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Evaluating Mccallum's Rule For Monetary Policy, Dean D. Croushore, Tom Stark

Economics Faculty Publications

Some economists have proposed that the Federal Reserve follow a rigid rule for conducting monetary policy. A policy rule is a formula that tells the Fed how to set monetary policy. For example, in 1959 Milton Friedman argued that the Fed should increase the money supply a constant 4 percent each year to eliminate inflation and avoid destabilizing the economy. More recently, other economists have identified an additional benefit: a rule can eliminate the inflationary bias that could occur when discretionary monetary policy is used. Under a discretionary policy, decisions are made on a case-by-case basis.

But economists don't agree …

Stock Market 5.5.95, Anwar Shaikh Phd

Archives of Anwar Shaikh

• Collection includes handwritten notes, graphs, tables, and draft documents primarily related to rates of return, capital, investment, depreciation, and profit measurement, spanning 1985–1995

• Handwritten notes:

  • “Measuring the Gross Rate of Return on New Gross Investment” (5/29/95)

  • On investment and depreciation (5/26/95)

  • On profit, investment, and present value (5/26/95)

  • On alternative investment scenarios and present value (5/25/95)

  • “Continuous Time,” concerning profit decay and present value (5/20/95)

  • On interpreting rates of return and capital efficiency

  • On capital equations

  • On profit rates and machine life (5/12/95)

  • On capital stock and profit equations

  • On calculating the present value of profit (5/13/95)

  • “Calculating the …

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A Cost-Benefit Analysis For The Implementation Of Lean Logistics To Aircraft Structural Repair At The Air Force Material Command's Warner Robins Air Logistics Center/Depot, Richard J. Ruggiero

Masters Culminating Experiences (1993-2011)

This research conducts a cost-benefit analysis of the implementation of lean logistics to the repair of aircraft structural components at the Air Force Material Command's (AFMC) Warner Robins Air Logistics Center (WR-ALC). A literature review identifies new business practices in the automotive industry, collectively 'termed "lean production," that were translated by the RAND Corporation into a modified Air Force logistics system-- the "lean logistics" model.

Theoretical costs and benefits from the lean logistics model are translated into empirical costs and benefits associated with aircraft structural repair. The cost-benefit analysis results clearly demonstrate that express distribution costs for the sizable aircraft …

Notes On Stock Prices And Rates Of Return, Anwar Shaikh Phd

Archives of Anwar Shaikh

• Handwritten notes on economic equations

• Handwritten notes on investment and capital equations (5/14/1995)

• Graph titled Rates of Return: Stock Market & Corporate Business

• Handwritten notes titled MPR = DPT / IT–K in a Growing Economy (5/14/1995)

• Handwritten notes titled Measure the Rate of Return on New Investment

• Handwritten notes titled Actual Stock Prices & Warranted Stock Prices (5/16/1994)

• Handwritten notes titled Stock Prices & Rates of Return (10/16/1989)

• Additional set of handwritten notes titled Stock Prices & Rates of Return (10/16/1989)

• Handwritten notes titled Avg Useful Life: Ed Chilcote (5/2/1995)

• Article by L. Uchitelle titled “Repaying the Piper,” The New …

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Assorted Keynesian Money And Employment Notes, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). Theory of the firm, dominant economic theory, and aggregate supply and demand [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1993, October 20). Firms operating in real terms [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1993, October 19). Firms operating in expected real terms [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1993, August 28). Endogenous money supply in my “Keynesian” model [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1993, August 25). Endogenous money supply and aggregate budget restraints [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1993, October 9). Outline: Expectations in Keynesian and neoclassical …

Article Clipped From The New York Times, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection contains:

The newspaper article The Wounded Giants of Japan by Sheryl WuDunn, published in The New York Times on November 24, 1995.

Assorted Non-Shaikh 7, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Wojnilower, A. M., Friedman, B. M., & Modigliani, F. (1980). The central role of credit crunches in recent financial history. Brookings Papers on Economic Activity, 1980(2), 277–339.

• Baeza, A. V. (1993). Mean wage differences between Canada, the United States, and Mexico. Review of Radical Political Economics, 25(4), 120–132.

• Granger, C. W., Teräsvirta, T., & Anderson, H. M. (1993). Modeling nonlinearity over the business cycle. University of Chicago Press.

• Darin, R., & Hetzel, R. L. (1995). An empirical measure of the real rate of interest. FRB Richmond Economic Quarterly, 81(1), 17–47.

• Cromb, R. (1993). A survey of recent …

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Levy Working Paper 134, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Fazzari, S. M., Ferri, P., & Greenberg, E. (1995). Aggregate demand and micro behavior: A new perspective on Keynesian macroeconomics (Working Paper No. 134). Levy Economics Institute of Bard College, with handwritten annotations
• A list of the Jerome Levy Economics Institute Working Paper Series (Nos. 1–134)
• Handwritten notes titled Wolff: Inequality (1996, November 8)

Trade + Xr, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A. (1995, July 6). Summary of my XR theory (xrsum495.wpd) [Unpublished manuscript].

An Impact Analysis Of Employment Programs In Hungary, Christopher J. O'Leary

Upjohn Institute Working Papers

This paper presents estimates of the impact of retraining and public service employment (PSE) on reemployment and earnings in the Republic of Hungary during the early phase of post-Socialist economic restructuring. Since assignment to programs resulted in groups with vastly dissimilar characteristics, impact estimates were computed using a variety of methods. Controlling for observable characteristics, retraining may have slightly improved the chances for reemployment in a non-subsidized job, but the gain in reemployment was probably not sufficient to justify the cost of retraining. However, since the durability of jobs appears to be better for those who were retrained, the long …

Wage-Rate Subsidies For Dislocated Workers, Carl Davidson, Stephen A. Woodbury

Upjohn Institute Working Papers

An array of innovative policies has been suggested to address more effectively the needs of dislocated workers. In this paper, we model and simulate the impacts of a wage-rate subsidy (or salary supplement) program in which a dislocated worker who becomes reemployed would receive a payment equal to one-half the difference between the wage previously earned and the wage currently earned. The simulations are based on a search model that is institutionally rich and that provides estimates of the impacts of a wage subsidy by incorporating empirical results from the reemployment bonus experiments that were conducted in the mid- to …

Who Moonlights And Why? Evidence From The Sipp, Jean Kimmel, Karen Smith Conway

Upjohn Institute Working Papers

Multiple job-holding is a significant characteristic of the labor market, with approximately 6 percent of all employed males reporting a second job in 1993 (Mishel and Bernstein, 1995, p. 226). Moonlighting reflects growing financial stress arising from declining earnings, as well as an increased need for flexibility to combine work and family. Approximately 40 percent of moonlighters report taking the second job due to economic hardship. Additionally, moonlighting is a reflection of the worker's choice to pursue entrepreneurial activities while maintaining the financial stability offered by the primary job. To restate in economic terminology, moonlighting arises from at least two …

Using Performance Indicators To Improve The Effectiveness Of Welfare-To-Work Programs, Timothy J. Bartik

Upjohn Institute Working Papers

This paper argues that it is feasible to develop good indicators of the performance of a particular welfare-to-work program, office, or contractor. Performance indicators can motivate local offices, contractors, and staff to be more effective in achieving the program's goals. Performance indicators can provide information on what program strategies lead to the greatest long-run success. To be most useful, performance indicators must be simple and timely and control for factors other than the program's effectiveness that influence whether welfare recipients "succeed."

A Review Of Retirement Income Policy Models, Kevin Hollenbeck

Upjohn Institute Working Papers

Public policymakers and program administrators often face decisions that impact the retirement incomes of individuals. An important question that these decision-makers may wish to address concerns the distributional impacts of the programmatic changes under consideration. Who (what population groups) would gain income and how much? Who would be unaffected? Who would lose and by how much? The question that this paper investigates is the extent to which computer models and associated policy analysis capability are available to provide decision makers with this kind of information. Specifically, the paper reviews a class of models that may be designated as retirement income …

Trade And Wages: Choosing Among Alternative Explanations, Jagdish N. Bhagwati

Faculty Scholarship

The decline in unskilled workers’ real wages during the 1980s in the United States and the increase in their unemployment in Europe (due to the comparative inflexibility of European labor markets vis-à-vis those in the United States) have prompted a search for possible explanations. This search has become more acute with the evidence that the adverse trend for the unskilled has not been mitigated during the 1990s to date.

A favored explanation, indeed the haunting fear, of the unions and of many policymakers is that international trade is a principal source of the pressures that translate into wage decline and/or …

Robert Gordon, The Measurement Of Durable Goods Prices, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Anwar Shaikh. Notes on the measurement of durable goods prices. Unpublished manuscript.
• Robert J. Gordon. 1990. The measurement of durable goods prices. University of Chicago Press.
• Reg Ward. 1992. Book review of The measurement of durable goods prices. The Economic Journal, Royal Economic Society.
• Jack E. Triplett. 1993. Book review of The measurement of durable goods prices. Journal of Economic Literature, American Economic Association.
• Robert J. Gordon. 1995. Measurement errors in the CPI: causes and consequences. Daily Labor Report, The Bureau of National Affairs, Inc.

Unemployment And Liquidity Constraints, Vassilis A. Hajivassiliou, Yannis M. Ioannides

Cowles Foundation Discussion Papers

In this paper we propose a modelling approach for labor supply and consumption decisions that is firmly grounded within a utility maximizing framework and allows for a role of such institutional constraints as limited access to borrowing and involuntary unemployment. We report estimations for a system of dynamic probit models with data from the Panel Study of Income Dynamics. These estimations test broad predictions of the theoretical model. One of our models describes a household’s propensity to be liquidity constrained in a given period. The second is a dynamic ordered probit model for a labor constraint indicator describing qualitative aspects …

Impact Of Hud Foreclosures On Housing Prices, Thomas Mike Carroll, Terrence M. Clauretie, Helen R. Neill, Cindy Jorgensen

Public Policy and Leadership Faculty Research

No abstract provided.

Io Data And Calculations, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• AMS1_47.MCD: Direct prices and Marxian standard prices of production [Calculation packet computing technical, depreciation, capital, and labor coefficients together with market and direct prices, wage-profit relations, price-value ratios, and population-market comparisons]. (1994, December 8-12).
• AMS1_72.MCD: Direct prices and Marxian standard prices of production [Calculation packet computing direct and Marxian standard prices, standard-money and value deviations, observed-rate population comparisons, and capital-output ratios]. (1994, December 5-10).
• AMS1_72.MCD: Prices of production at observed r=.188 vs market prices [Annotated chart output comparing production and market prices and recording capital-output ratios, variation measures, and a note excluding AMS1_72A.MCD]. (1995, June 21).
• AMS_1.MCD: …

Current Eco Clippings, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection is made up of news articles. They include, from The OECD Observer vol. 192 (3/1995), "Companies Merge; Families Break Up" by Lester C. Thurow in NYT (11/3/94), "Bank Rescued in Japan In Sign of Deeper Woes" by James Sterngold in the NYT (10/13/94), "Low Ranking for Poor American Children" by Keith Bradsher (8/14/95), "Flat Wages Seen as Issue In '96 Vote" in the NYT by Louis Uchitelle (8/13/95), "First to College, and Then to the Mill" by John Holusha in the NYT (8/22/95), "Buy hard: with a vengeance" in The Economist (8/26/95), "The dollar's revival" in The Economics …

Missing Links In The Study Of Puerto Rican Poverty In The United States, James Jennings

William Monroe Trotter Institute Publications

This Occasional Paper, based on a presentation to the National Puerto Rican Coalition in Washington, DC, in 1992, proposes some limitations in "quantitative-only" research focusing on Puerto Rican poverty in the United States. An overreliance on quantitative-based analysis, as well as overlooking historical and comparative data, may not allow for a full understanding and awareness of the nature and maintenance of poverty in Puerto Rican communities in the United States. While the presentation acknowledges the importance of sophisticated quantitative research, it implies that joined together with historical and comparative analysis, investigations of Puerto Rican poverty would be vastly improved. An …

An Economic Development Strategy For The Community Of Waynesville In A Dynamic Regional Setting, Zhongcai Zhang, Jeffrey S. Smith

Masters Culminating Experiences (1993-2011)

The Waynesville community is noted for its antique shops, good schools and high quality living environment. The Community is located in Warren County, Ohio. This report explores the opportunities and challenges of developing and implementing a strategic plan for coordinated economic development of the Community.

The study examines economic trends and community locational attributes to help detect economic opportunities the community could exploit A focus group session with business leaders helped to pinpoint economic development opportunities. Citizens input into shaping the focus of a development strategy was obtained by a telephone survey of 140 randomly selected local residents. The sample …

Assisting Workers Displaced By Structural Change: An International Perspective, Duane E. Leigh

Upjohn Press

Leigh begins by providing a summary of the evolution of labor market programs in seven industrialized countries: Australia, Canada, Germany, Japan, Sweden, the United Kingdom, and the U.S. He points out that a number of these nations are dealing with long-term unemployment by linking unemployment insurance benefits to participation in labor market programs, and that this is a requirement U.S. policy makers should examine closely. Leigh also performs informal cross-country evaluations of these countries' programs,focusing on policies he feels merit attention. A three-level active labor market program is then proposed for the U.S.

Pension Incentives And Job Mobility, Alan L. Gustman, Thomas L. Steinmeier

Upjohn Press

Using models developed for this study which incorporate an array of behaviors generally omitted from conventional models relating backloading to turnover, Gustman and Steinmeier find that backloading plays only a slight role in explaining mobility differences associated with pension coverage. They propose that higher wages often paid at pension-covered jobs play a greater role in reducing mobility than do pensions.

Correspondence - Reviews, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection contains:

• Review in German by Wilfried Parys of Shaikh, A., & Tonak, E. A. (1994). Measuring the wealth of nations: The political economy of national accounts. Cambridge University Press, published in Economisch en Sociaal Tijdschrift, No. 2.

• Akram-Lodhi, A. H. (1995). Book review: Measuring the wealth of nations: The political economy of national accounts. Review of Radical Political Economics, 27(4), 125–127.

• Moseley, F. (1995). [Review of Measuring the wealth of nations, by A. M. Shaikh & E. A. Tonak]. Journal of Economic Literature, 33(1), 203–204.

• Kacapyr, E. (1995). Review of Measuring the …

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Income Inequality In Developing Countries, Baindu Banya '95

Honors Projects

Globally, it is reported that the top 1 percent of income recipients receive about 15 percent of worldwide income, and the top 5 percent receive 40 percent of all income. Meanwhile, the poorest 20 percent receive only 1 percent of the global income. This paper attempts to unlock the significant factors that affect income inequality. In 1963, Simon Kuznets derived the inverted U hypothesis from which he inferred that through the course of development, as per capita income increases, initially, income inequality will increase before it starts to improve. Hence he inferred that the trend of income inequality through a …

The Effects Of Subsidies On Public Transit Long-Run Costs, Kofi Obeng, Wayne K. Talley, Christopher Colburn

Economics Faculty Publications

This paper investigates sources of public transit long-run cost increases attributable to transit subsidies. The sources include wage, vehicle capital price and service increases. Service expansion is found to be the major source. Transit cost increases related to subsidies are classified as input price, output and finance effects of these subsidies. Transit costs are more responsive to federal operating subsidies, followed in declining order by local operating, state operating and capital subsidies, respectively.