Economics Commons^™

The Shadow Workforce: Perspectives On Contingent Work In The United States, Japan, And Europe, Sandra E. Gleason Editor

Upjohn Press

This book provides a comprehensive overview of the state of nonstandard employment and its impact on employees, businesses, unions, and public policy. It not only reveals how nonstandard employment operates in the United States, Japan, and Europe, it also highlights the important similarities and differences in the labor market issues faced in those areas.

Justice On The Job: Perspectives On The Erosion Of Collective Bargaining In The United States, Richard N. Block Editor, Sheldon Friedman Editor, Michelle Kaminski Editor, Andy Levin Editor

Upjohn Press

This volume presents an influential group of researchers who examine the current state of workers’ freedom to form unions and bargain collectively. All of the researchers present empirical evidence to support their innovative ideas for advancing workers' rights.

How Dangerous Is The U.S. Current Account Deficit?, William Poole

Center for Applied Economics

The U.S. current account deficit has attracted considerable attention from academics, policymakers and market participants. So also has the U.S. international investment position—the difference between U.S.-owned assets abroad and foreign-owned assets in the United States. The net position has become increasingly negative as current account deficits have accumulated over time. I have spoken on international topics several times in recent years, emphasizing the importance of international capital flows for explaining the evolution of the U.S. international accounts. I’ll review some of my prior analysis today, but want to concentrate on the question in my title.

An Empirical Review Of Us Corporate Default Swap Valuation: The Implications Of Functional Forms, Kwamie Dunbar

WCBT Faculty Publications

This paper first develops a reduced form three-factor model for valuing credit default premia that is used to provide implicit prices which are then compared with market prices of credit default swaps to determine if swap rates adequately reflects market risks. This model extends Jarrow (2001) two-factor model by adding three new features to enhance the effectiveness of the model and add to the growing debate on the empirical pricing of credit default swap and the effectiveness of reduce form models. Firstly, the extended model retains Jarrow's mean reverting properties but will be extended to be arbitrage free because of …

Post Merger Performances In Japan, Mami Suzuki

Honors Papers

Mergers and acquisitions are relatively new phenomena in the Japanese market. The total number M & A transactions per year has increased from approximately 500 to 1,752 between 1995 and 2002. MergerStat records 3,510 and 7,411 transactions in the U.S. for the equivalent years. The percentage of M & A transactions per number of business entities was 0.03% for Japan in 2001 and 0.1% for the U.S. in 2002. As illustrated through the figures, the frequency of M&A in Japan is considerably lower relative to the U.S., but proliferation of transactions is evident as well. Post-merger performances of firms in …

Testimony Of H. Allan Hunt, Ph.D.: [Hearing On "Examining The Federal Employees' Compensation Act And Its Benefits For Workers"], H. Allan Hunt

Testimonies

No abstract provided.

Does Money Matter? By Laurence H. Meyer In Federal Reserve Bank Of St. Louis Review Sept./Oct. 2001: A Review, Gloria A. Joseph-Raji

Economic and Financial Review

The major objective of the paper was to assess the influence of money and the role of monetarism in shaping the current thinking about macroeconomic modeling and the conduct of Monetary Policy in the United States. The author opined that the monetarist idea that Monetary Policy has responsibility for inflation was now conventional wisdom.

The Invention Of Inflation-Indexed Bonds In Early America, Robert J. Shiller

Cowles Foundation Discussion Papers

The world’s first known inflation-indexed bonds were issued by the Commonwealth of Massachusetts in 1780 during the Revolutionary War. These bonds were invented to deal with severe wartime inflation and with angry discontent among soldiers in the U.S. Army with the decline in purchasing power of their pay. Although the bonds were successful, the concept of indexed bonds was abandoned after the immediate extreme inflationary environment passed, and largely forgotten until the twentieth century. In 1780, the bonds were viewed as at best only an irregular expedient, since there was no formulated economic theory to justify indexation.

Labor Standards In The United States And Canada, Richard N. Block, Ronald O. Clarke, Karen Roberts

Upjohn Press

Block, Roberts, and Clarke offer a method for comparing ten labor standards across political jurisdictions. They then apply this method to the United States and Canada, an exercise that allows them to settle the long-running dispute over whether or not Canada has higher standards than the U.S., and if so, to what degree.

Us Social Security Rules In The 1990s: A Natural Experiment In Myopic And Farsighted Behaviour, Stephen D. Rubb

WCBT Faculty Publications

During the 1990s changes in the earnings test threshold and the delayed retirement credit had the potential to impact the labour supply of 65 to 69-year-olds. These changes in Social Security rules are used to examine whether labour supply behaviour of elderly men and women is 'myopic' or 'farsighted'. Men are found to be more farsighted than previously realized, perhaps due to increases in life expectancy.

The U.S.-Taiwan Free Trade Area Agreement: A Bridge For Economic Integration In The Asia-Pacific Region, Peter C.Y. Chow

Maryland Series in Contemporary Asian Studies

No abstract provided.

Slavery, Economics And Constitutional Ideals, Edward L. Ayers

History Faculty Publications

As we think about endings, however, it is also useful to think about beginnings. That is what President Abraham Lincoln did in his Second Inaugural Address, delivered just five weeks before the surrender at Appomattox and his own assassination soon thereafter. All knew, he said reflecting sadly and thoughtfully on how the Civil War came about, that slavery was, "somehow," the cause. In fact, "somehow," however, lay puzzles, contradictions, and questions. The connections between slavery and the Civil War have concerned Americans ever since the events at Appomattox.

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.

Redefining The U.S. Hispanic Market: Generation N And American Society, Cindy L. Pino

Seton Hall University Dissertations and Theses (ETDs)

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Pay At Risk: Compensation And Employment Risk In The United States And Canada, John A. Turner Editor

Upjohn Press

The contributors to this book investigate the compensation and employment risks for U.S. and Canadian workers. They examine both wage and nonwage aspects of compensation, and whether workers in the U.S. or Canada face more job-related risks. They also seek to identify trends in risk bearing and whether they differ by country.

Sanctimony On Sanctions: What The United States And Russia Have In Common, Ibpp Editor

International Bulletin of Political Psychology

This article describes political psychological issues related to consequences stemming from political sanctions.

Regionalized Water Management: An Evolving Hydrocommons?, Gary D. Weatherford

Water and Growth in the West (Summer Conference, June 7-9)

26 pages.

Contains footnotes and 8 pages of references.

Growth Pressures And Tmdls, David G. Davis, Jamal M. Kadri, Teresa J. Norfleet

Water and Growth in the West (Summer Conference, June 7-9)

18 pages.

Trends. The People's Republic Of China And Permanent Normal Trading Relations: A Run-Up And Aftermath Of More Smoke Than Fire?, Ibpp Editor

International Bulletin of Political Psychology

This article discusses the vote of the United States (US) House of Representatives to approve permanent normal trading relations (PTNR) with the People's Republic of China (PRC). Human rights violations are discussed.

Trends. Money Walks, Nobody Talks Ii: United States Trade With Sub-Saharan Africa, Ibpp Editor

International Bulletin of Political Psychology

This article discusses the stance of the United States Business and Industry Council against a trade bill designed to facilitate sub-Saharan apparel exports to the United States.

The Usa In The World Trading System, Sven W. Arndt

CMC Faculty Publications and Research

The USA has been an important player on the post-war world economic stage, but for much of that period what happened in the world economy was not of much consequence to the majority of the country's citizens. Trade was, and in many ways still is, a small part of overall economic activity. To assess the importance of trade one has to go to sector- and industry-specific levels, where shifts in world demand and supply can affect wages, profits, employment and output. The public at large has a general sense that the US economy is becoming more 'globalized' and that this …

The Us School Breakfast Program: Short- And Long-Term Academic Effects, Chris Rohlfs

Honors Papers

This paper evaluates short- and long-term academic effects of the US School Breakfast Program (SBP). The paper divides into four sections: an introduction (page 4), a literature review (page 11), a statistical model (page 31), and an empirical model (page 38). In the first section, we cover general facts and details about the SBP. In the second section, we first review literature relevant to the SBP (supply, demand, and short-term effects studies). Next, we explore studies of the long-term effects of schooling and of school quality. Many of the techniques and information from these studies relate to our discussion of …

Employee Benefits And Labor Markets In Canada And The United States, William T. Alpert Editor, Stephen A. Woodbury Editor

Upjohn Press

Alpert and Woodbury present a comprehensive set of explorations into the impacts that the provision of various types of employee benefits (or lack thereof) have on labor markets. And while there are, as the editors point out, substantial differences between the employee benefits systems of Canada and the U.S., these differences showcase the impacts of specific policies related to employee benefits on labor markets.

An Analysis Of The Impact Of The Internet As A Marketing Tool For Economic Development In Municipal Governments In The Western Region Of The United States, Jacquelin Risner

UNLV Theses, Dissertations, Professional Papers, and Capstones

This professional paper is a cross-sectional analysis of the western United States that explores the research question of whether the internet, when used as a marketing tool, has an impact on urban economic development for municipal governments. Economic development has changed throughout the years. It is now global in perspective. The necessity for municipal governments to compete on a global level requires an investigation into new technology and its importance to economic development efforts. Specifically, the advent of the internet and its significance to economic development in municipal governments was explored. A survey was constructed and sent to one hundred …

Rethinking Cost-Benefit Analysis, Matthew D. Adler, Eric A. Posner

Faculty Scholarship

This paper analyzes cost-benefit analysis from legal, economic, and philosophical perspectives. The traditional defense of cost-benefit analysis is that it maximizes a social welfare function that aggregates unweighted and unrestricted preferences. We follow many economists and philosophers who conclude that this defense is not persuasive. Cost-benefit analysis unavoidably depends on controversial distributive judgments; and the view that the government should maximize the satisfaction of unrestricted preferences is not plausible. However, we disagree with critics who argue that cost-benefit analysis produces morally irrelevant evaluations of projects and should be abandoned. On the contrary, cost-benefit analysis, suitably constrained, is consistent with a …

What Is A Central City In The United States? Applying A Statistical Technique For Developing Taxonomies, Edward W. Hill, John F. Brennan, Harold L. Wolman

All Maxine Goodman Levin School of Urban Affairs Publications

Develops a method that uses cluster analysis to group central cities in the United States. Selection of the candidate cluster solutions; Median characteristics of the clusters; Stressed central cities; Healthy central cities.

Outdoor Recreation And Water Development: The National Recreation Lakes Study, Bruce R. Brown

Outdoor Recreation: Promise and Peril in the New West (Summer Conference, June 8-10)

12 pages.

Market Solutions To Public Recreation Finance: Creating User-Supported Parks, Donald R. Leal

Outdoor Recreation: Promise and Peril in the New West (Summer Conference, June 8-10)

11 pages.

Contains 1 page of references.

Market Solutions To Public Recreation Finance: The Texas State Parks Example, Donald R. Leal

Outdoor Recreation: Promise and Peril in the New West (Summer Conference, June 8-10)

11 pages.

Contains 1 page of references.

Fish And Wildlife Funding—Past And Future [Abstract], R. Max Peterson

Outdoor Recreation: Promise and Peril in the New West (Summer Conference, June 8-10)

1 page.