Economics Commons^™

Policies For Displaced Workers: An American Perspective, Christopher J. O'Leary

Upjohn Institute Working Papers

American employment policy for displaced workers started in the Great Depression with programs for the employment service, unemployment insurance, work experience, and direct job creation. Assistance for workers displaced by foreign competition emerged in the 1960s along with formalized programs for occupational job skill training. The policy focus on displaced workers was sharpened in the 1980s through the Worker Adjustment and Retraining Notification Act and the Economic Dislocation and Worker Adjustment Assistance Act. Field experiments on services to dislocated workers led to Worker Profiling and Reemployment Services systems in all states, and federal rules adopted as part of the North …

The Labor Market Of Italian Politicians, Antonio Merlo, Vincenzo Galasso, Massimiliano Landi, Andrea Mattozzi

Research Collection School Of Economics

We analyze the career profiles of Italian legislators in the post-war period. Using a unique, newly collected dataset that contains detailed information on all the politicians who have been elected to the Italian Parliament between 1948 and 2008, we address a number of important issues that pertain to their career paths prior to election to Parliament, their parliamentary careers, and their post-Parliament employment. Our data span two institutional regimes: Italy's First Republic (1948-1994) and the Second Republic (1994-present), characterized by different electoral rules and party structures. We first present a brief overview of the Italian political system. We then provide …

Affordable Homeownership Policy: Implications For Housing Markets, Sock Yong Phang

Research Collection School Of Economics

Affordable homeownership is a policy that is often accorded a great deal of policy attention by governments of many countries. This paper aims to examine the market implications of setting a housing price to income ratio target for a market segment by the government. The policy requires active intervention by the government with regard to the targeted sector. The paper uses a simple model of the housing market with a homeownership affordability target to derive the market implications of such targets. In the presence of uncertainty and resource constraints, the objective of homeownership affordability is achieved for the targeted group …

International Capital Flows And World Output Gains, Jurgen Von Hagen, Haiping Zhang

Research Collection School Of Economics

We develop a two-country overlapping-generations model with domestic financial frictions and show that cross-country differences in financial development explain three recent patterns of international capital flows. In our model, domestic financial frictions distort the interest rates and production efficiency in the less financially developed country. Capital flows not only lead to cross-country resource reallocation, but also trigger within-country resource reallocation among firms. From the efficiency perspective, full capital mobility raises the world output higher than under international financial autarky. If the mobility of either financial capital or foreign direct investment is restricted, the world output may be lower.

Collaboration Between The Public And Private Sectors For Urban Development, Sock-Yong Phang

Research Collection School Of Economics

In market economies, the government acts in many ways. In traditional public finance literature, the government taxes and provides public and merit goods. In addition, it regulates the behaviour of firms and individuals. In the context of market failures such as natural monopoly, high risk situations or long life projects, the government may choose to act as producer. In the past two decades, however, public sector collaboration with the private sector to achieve socio-economic objectives has become widely utilised as a method for the provision of the myriad of services that has come to be expected of governments.

Simulation-Based Estimation Methods For Financial Time Series Models, Jun Yu

Research Collection School Of Economics

This paper overviews some recent advances on simulation-based methods of estimating time series models and asset pricing models that are widely used in finance. The simulation based methods have proven to be particularly useful when the likelihood function and moments do not have tractable forms and hence the maximum likelihood method (MLE) and the generalized method of moments (GMM) are difficult to use. They can also be useful for improving the finite sample performance of the traditional methods when financial time series are highly persistent and when the quantity of interest is a highly nonlinear function of system parameters. The …

Monetary Policy Cooperation To Support Asian Economic Integration, Hwee Kwan Chow, Peter Nicholas Kriz, Roberto S. Mariano, Augustine H. H. Tan

Research Collection School Of Economics

This paper considers the form of monetary policy coordination and regional exchange rate arrangement that would best support economic and financial integration in East Asia. In view of the region's economic diversity, we propose a graduated program of informal policy cooperation from weak forms of cooperation to more intensive modes of cooperation such as the adoption of common monetary policy objectives. An array of informal monetary arrangements rooted to the degree of institutional development can improve the effectiveness of both sovereign and regional institutions, and promote integration in East Asia. Drawing upon the European experience with the Exchange Rate Mechanism …

A Model Of Voluntary Turnover For New Hires In State Government, Reese M. Thompson

Undergraduate Theses and Capstone Projects

Why do new hires have a tendency to voluntarily quit their jobs more than tenured employees? This question has important implications for organizations and human resource managers who have to develop and implement human resource management (HRM) strategies that are designed to recruit and retain the best employees. An underlying theme of turnover research is that voluntary turnover is a negative outcome for an organization. While it has been suggested and established that job tenure affects turnover (Lewis, 1991; Cohen, 1993), very little research has been undertaken regarding the specific factors that drive retention of new hires (Shipp, Payne, & …

On The Feasibility And Advisability Of Conducting A Return On Investment Analysis Of The Indiana Workforce System, Kevin Hollenbeck

Reports

No abstract provided.

Return On Investment Analyses Of A Selected Set Of Workforce System Programs In Indiana, Kevin Hollenbeck

Reports

No abstract provided.

Mothers' Work And Children's Lives: Low-Income Families After Welfare Reform, Rucker C. Johnson, Ariel Kalil, Rachel E. Dunifon

Upjohn Press

This book examines the effects of work requirements imposed by welfare reform on low-income women and their families. The authors pay particular attention to the nature of work—whether it is stable or unstable, the number of hours worked in a week and the regularity and flexibility of work schedules. They also show how these factors make it more difficult for low-income women to balance their work and family requirements.

New Mexico Labor Market Review 02-04-2010, New Mexico Department Of Workforce Solutions

Historic Publications

The New Mexico Labor Market Review is a monthly publication presenting statistical data and analysis on labor market conditions throughout New Mexico. Issues examine statewide and regional trends in employment, unemployment, labor force estimates, industry activity, wages, occupational demand, and related economic conditions, often accompanied by feature articles on topics affecting the state’s economy. This issue covers December 2009.

Research Poster: Vulnerability To Climate Change And Policy Support In Rural Nevada, Ahmad Safi

2010 Annual Nevada NSF EPSCoR Climate Change Conference

Supervisor: Dr. William James Smith, Jr. Research poster

The Fluctuating Workweek: How It Works, How It’S Treated, How It’S Perceived, Anthony J. Galdieri

The University of New Hampshire Law Review

[Excerpt] “This article argues that the fluctuating workweek method of overtime compensation is a viable alternative to the traditional method of overtime compensation. First, it will explain how the fluctuating workweek works and how state courts have treated it. Second, it will debunk several misconceptions about the fluctuating workweek. Finally, it will show that employers are working small numbers of employees for long hours because paying overtime is cheaper today than hiring new employees.

Cultural Distance As A Determinant Of Bilateral Trade Flows: Do Immigrants Counter The Effect Of Cultural Distance?, Roger White, Bedassa Tadesse

Economics

We introduce ‘cultural distance’ as a measure of the degree to which shared norms and values in one country differ from those in another country, and employ a modified gravity specification to examine whether such cultural differences affect the volume of trade flows. Employing data for US statelevel exports to the 75 trading partners for which measures of cultural distance can be constructed, we find that greater cultural differences between the United States and a trading partner reduces state-level exports to that country. This result holds for aggregate exports, cultural and noncultural products exports as well, but with significantly different …

Rhode Island Current Conditions Index — February 2010, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

The Use Of Joint Ventures To Accomplish Aboriginal Economic Development: Two Examples From British Columbia, Jeremy Boyd, Ronald Trosper

Aboriginal Policy Research Consortium International (APRCi)

“Aboriginal economic development” differs from other forms of development by emphasizing aboriginal values and community involvement. Joint ventures, while providing business advantages, may not be able to contribute to aboriginal economic development. This paper examines two joint ventures in the interior of British Columbia to examine their ability or inability to contribute the extra dimensions of development desired by aboriginal communities. The AED framework examines business structure; profitability; employment; aboriginal capacity in education, experience, and finance; preservation of traditional values, culture and language; control of forest management over traditional territory; and community support. Established in the context of unresolved land …

The Ohio Bioscience Industry, Ziona Austrian, Candice Clouse

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Introduction To Judgment Aggregation, Christian List, Ben Polak

Cowles Foundation Discussion Papers

This introduces the symposium on judgment aggregation. The theory of judgment aggregation asks how several individuals’ judgments on some logically connected propositions can be aggregated into consistent collective judgments. The aim of this introduction is to show how ideas from the familiar theory of preference aggregation can be extended to this more general case. We first translate a proof of Arrow’s impossibility theorem into the new setting, so as to motivate some of the central concepts and conditions leading to analogous impossibilities, as discussed in the symposium. We then consider each of four possible escape-routes explored in the symposium.

Stochastic Search Equilibrium, Giuseppe Moscarini, Fabien Postel-Vinay

Cowles Foundation Discussion Papers

We analyze a stochastic equilibrium contract-posting model. Firms post employment contracts, wages contingent on all payoff-relevant states. Aggregate productivity is subject to persistent shocks. Both employed and unemployed workers search randomly for these contracts, and are free to quit at any time. An equilibrium of this contract-posting game is Rank-Preserving [RP] if larger firms offer a larger value to their workers in all states of the world. We show that every equilibrium is RP, and equilibrium is unique, if firms differ either only in their initial size, or also in their fixed idiosyncratic productivity but more productive firms are initially …

Reflections On Salary Shares And Salary Caps, Andrew Zimbalist

Economics: Faculty Publications

This article takes a closer look at salary and revenue figures for the four major professional sports in the United States. It shows that the reporting typically offered in the popular media and often picked up in academic work can be rather misleading. The article first considers the conundrums in defining player compensation and then those connected to revenue. On the basis of adjusted data, the article proceeds to look at salary shares in revenue across the four leagues and considers the irony that the salary share in Major League Baseball (MLB) appears to be lower than the three leagues …

Economic Outlook 2010: Innovation, Connie I. Reimers-Hild

Kimmel Education and Research Center: Presentations and White Papers

This article discusses the importance of innovation to individuals and the overall economy.

Inheritance And Inequality Of Wealth: A Comment, Frederic L. Pryor

Economics Faculty Works

No abstract provided.

The Effects Of Consumer Animosity, Consumer Ethnocentrism And Patriotism On The U.S. Made Products : A Study Of Muslim Consumers In Malaysia., Khairul Anuar Mohammad Shah

Student Works (2010-2019)

The primary objective of this study is to examine the negative attitudes of Malaysian Muslim consumers towards US made products. The conceptual model for this study was adapted from the model developed by Klein, Ettenson and Morris (1998). In their model, two sources of negative attitudes towards foreign made products were included, i.e., consumer animosity and consumer ethnocentrism. However, this study integrated another source of negative attitude, i.e., patriotism. The framework of this study suggests that consumer animosity, consumer ethnocentrism and patriotism will negatively influence the judgment of US made products and, subsequently, their purchase willingness and purchase action. Also, …

Climate Change Response Strategy, Anne Bennett

Bulletins 4000 -

Climate change and policies introduced to reduce emissions will affect the agricultural sector and will lead to social and economic outcomes.

In addressing the Western Australian Government's priority plan for the agriculture and food sector, the Department of Agriculture and Food, Western Australia has a number of roles it can play to assist industry to adapt and respond to climate change.

This document provides a balanced and coordinated strategic direction for climate change activities by identifying and prioritising key actions to be achieved over the next five years. The strategy is split into four chapters: emissions abatement, carbon sinks, adapting …

The Influence Of Retiree Health Benefits On Retirement Patterns, James Marton, Stephen A. Woodbury

Upjohn Institute Working Papers

We estimate the effect of employer offers of retiree health benefits (RHBs) on the timing of retirement using a sample of Health and Retirement Study (HRS) men observed over a period of up to 12 years. We hypothesize that the effect of RHBs differs for workers of different ages-a hypothesis we can test now that the main HRS cohort has aged sufficiently. We apply three well-known panel data estimators and find that, for men in their 50s, RHBs have little or no effect on retirement decisions; however, a substantial effect emerges for men in their early 60s. We use simulations …

Statewide Vacationers To Montana: Are They Geotravelers? , Dylan Boyle, Norma P. Nickerson

Institute for Tourism and Recreation Research Publications

Nonresident vacationers in Montana were surveyed concerning their geotraveler behaviors as well as what was important to them while traveling in Montana. The study found that vacationers do exhibit geotraveler tendencies and can be divided into strong and moderate geotravelers. Strong geotravelers represent 34 percent of vacationers, and they were the youngest, most educated, and most affluent group.

The Location Decisions Of Foreign Investors In China: Untangling The Effect Of Wages Using A Control Function Approach, Xuepeng Liu, Mary E. Lovely, Jan Ondrich

Faculty Articles

There is almost no support for the proposition that capital is attracted to low wages from firm-level studies. We examine the location choices of 2,884 firms investing in China between 1993 and 1996 to offer two main contributions. First, we find that the location of labor-intensive activities is highly elastic to provincial wage differences. Generally, investors' wage sensitivity declines as the skill intensity of the industry increases. Second, we find that unobserved location-specific attributes exert a downward bias on estimated wage sensitivity. Using a control function approach, we estimate a downward bias of 50% to 90% in wage coefficients estimated …

Semiparametric Estimator Of Time Series Conditional Variance, Santosh Mishra, Liangjun Su, Aman Ullah

Research Collection School Of Economics

We propose a new combined semiparametric estimator, which incorporates the parametric and nonparametric estimators of the conditional variance in a multiplicative way. We derive the asymptotic bias, variance, and normality of the combined estimator under general conditions. We show that under correct parametric specification, our estimator can do as well as the parametric estimator in terms of convergence rates; whereas under parametric misspecification our estimator can still be consistent. It also improves over the nonparametric estimator of Ziegelmann (2002) in terms of bias reduction. The superiority of our estimator is verfied by Monte Carlo simulations and empirical data analysis.

Does Television Viewing Affect Children's Behaviour?, Fali Huang, Myoung-Jae Lee

Research Collection School Of Economics

Using three-period panel data drawn from the National Longitudinal Survey of Youth 1979, we investigate whether television (TV) viewing at ages 6–7 and 8–9 years affects children's social and behavioural development at ages 8–9 years. Dynamic panel data models are estimated to handle the unobserved child-specific factor, endogeneity of TV viewing, and the dynamic nature of the causal relation. Special emphasis is placed on this last aspect, focusing on how early TV viewing affects interim child behavioural problems and in turn affects future TV viewing. Overall, we find that TV viewing during ages 6–7 and 8–9 years increases child behavioural …