Economic Policy | Open Access Articles | Digital Commons Network™

Trends. Bahtmen To The Rescue: A Psychology Of Altruism In Thailand, Ibpp Editor

International Bulletin of Political Psychology

The author examines the Thai financial system billion dollar rescue in terms of altruism vs. egoism.

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Labor Policy Evaluation: Lessons From The American Experience, Susan N. Houseman

Conference Papers

No abstract provided.

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The Outlook For Onondaga County's Finances: Baseline Scenario, William Duncombe, Bernard Jump Jr.

Center for Policy Research

This is the third of four reports to the Onondaga Lake Management Conference about the economic and fiscal implications for Onondaga County of court-mandated expenditures for sewer-related remediation of Onondaga Lake.

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How The Fruits Of Growth Were Distributed Among Working-Age Families In The United States And Germany In The 1980s, Richard V. Burkhauser, Amy D. Crews, Mary C. Daly

Center for Policy Research

We use cross-sectional and longitudinal data from Germany (Socio-Economic Panel) and the United States (Panel Study on Income Dynamics) to show how the income distribution changed over the 1980s business cycle in these two countries. Consistent with other researchers we find income inequality in the United States increased over the peak years of the 1980s business cycle and that the middle of the income distribution shrank. However, we also find that the great bulk of the disappearing middle shifted to the right— became richer— over the period. Hence, it was disproportionate gains from growth rather than the “immiseration” of the …

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Expensive Children In Poor Families: Out-Of-Pocket Expenditures For The Care Of Disabled And Chronically Ill Children And Welfare Reform, Anna Lukemeyer, Marcia K. Meyers, Timothy M. Smeeding

Center for Policy Research

This study explores one aspect of the costs experienced by low-income families with one or more special needs children: direct, out-of-pocket expenses for items related to the child’s disability, such as special foods, transportation to medical clinics, or medical costs not covered by insurance. We find that almost half (46 percent) of a sample of California AFDC families with special needs children experienced some special expenses in the preceding month. About 20 percent of these low-income families experienced total costs exceeding $100. Families with severely disabled children were more likely to experience costs and tended to experience higher costs. While …

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Placing A Lid On Marginal Tax Rates: A New Way To Simplify The Income Tax Structure, John Yinger

Center for Policy Research

Thanks to the phasing out of exemptions and excess itemized deductions and to the alternative minimum tax, the federal income tax rate schedule is difficult to draw, to understand, and to connect with any tax principle. Moreover, some taxpayers now face unreasonably high marginal tax rates. This paper proposes a new approach that simplifies the income tax system at its point of intersection with taxpayers; sets absolute upper and lower bounds on true marginal tax rates; and allows for the phasing out of any or all exemptions, deductions, or other tax preferences according to clear principles. This approach can achieve …

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The Economic And Fiscal Impact Of Lake Remediation On Onondaga County, William Duncombe, Shannon Felt, James R. Follain, Bernard Jump Jr.

Center for Policy Research

This is the fourth and final report to the Onondaga Lake Management Conference about the economic and fiscal implications for Onondaga County of court-mandated expenditures for sewer-related remediation of Onondaga Lake. Exactly how much remediation will cost and what, precisely, will be the technical specifications of the plan that is finally approved by the court are both still to be decided. Yet, there is little doubt that an undertaking of the dollar magnitude contemplated for lake remediation has the potential to affect the fiscal condition of the county and the future health of the local economy.

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The Cost Of Caring: Childhood Disability And Poor Families, Marcia K. Meyers, Anna Lukemeyer, Timothy M. Smeeding

Center for Policy Research

Children in poor families are at heightened risk for disabilities and chronic health problems, and care for these children can impose substantial costs on families and public programs. Although the prevalence and costs of disabilities among poor children have important policy implications, they have been largely overlooked in research on poverty and welfare and on the costs of childhood disabilities. This paper analyzes the prevalence of childhood disabilities and chronic illness among welfare recipient families in California and the probability families caring for these children experience higher out-of-pocket costs and material hardship then do other similar families.

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Telecommunications Divestment: An Erosion Of Democracy In The Caribbean, Patricia K. Mccormick

Communication Faculty Research Publications

This article examines the undemocratic process of telecommunications divestment in Jamaica and Trin- idad and Tobago. The divestment of the telecommunications sector was largely prompted by each state’s inability to service external debt. Despite espousing the importance of public participation in the ownership of state-owned en- terprises being divested, the governments each limited or excluded nationals from ownership of the telephony com- panies. Divestment of the telecommunications sector was principally undertaken through private negotiations with Cable and Wireless which has historically provided service to former British colonies. This continued colonization of the telecommunications sector is at odds with the democratic …

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Liberalisation, Psus And Management Education, M R Rao, N M Agrawal

IIMB Management Review

With liberalisation, the functioning of the public sector, its part in the economy and the direction of management education have come into question. A host of issues including the factors that hamper the smooth functioning of the public sector, the controls appropriate to PSUs, the consultancy business and how management education could be made more meaningful, are discussed.

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Navaratnas As Global Giants, K R S Murthy

IIMB Management Review

Nine Gems or Navaratnas among PSUs are gearing up for fast-track growth. Experience shows that the institutional framework in which these PSUs operate is not conducive to organisational innovation and growth. How can these Navaratnas compete globally? Can they gear up to the new challenge?

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A Review And Forecast Of The Onondaga County Economy, Shannon Felt, James R. Follain, Suzanne Mccoskey

Center for Policy Research

The purpose of this paper is to review the economy of Onondaga County and to offer a forecast of its future until the year 2035. This information will be used in forming a plan to improve the quality of Onondaga Lake. Understanding the past and the forecastable future is crucial to the formation of this plan and to anyone with a stake in the county’s future economic growth. To create this review and forecast, we used the REMI model, a multi-equation model of a local or regional economy and is a tool that is widely used in studies of this …

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Onondaga County's Economic Performance Since 1980 And Prospects For The Next Decade, William Duncombe, Wilson Wong

Center for Policy Research

The last three decades have been a time of transition for the economy of Onondaga County. After its poor performance in the 1970s, it rebounded during most of the 1980s. Since then the county economy has stagnated and even declined in key sectors. This report probes behind these aggregate trends to shed light on the nature of the changing county economy. To put these trends in perspective, the county's performance is compared to that of other metropolitan areas and regions in New York State and several fast growing metropolitan areas in the South. Understanding the reasons for Onondaga County's current …

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Beyond The Uruguey Round: The Indian Perspctive On Gatt: By Bibek Debroy, New Delhi: Response Books, 1996., Shyamal Roy

IIMB Management Review

No abstract provided.

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Stochastic Modeling Of Active Life And Its Expectancy, Douglas A. Wolf, Sarah B. Laditka

Center for Policy Research

The concept of “active” (or “disability-free”) life, and its average value, has proven to be a useful index of public health and of quality of life for populations. A question of great interest in recent years is whether recent trends towards longer life expectancy have been accompanied by comparable increases in active life expectancy. Past research on patterns and trends of active and “inactive” life has focused almost exclusively on the expectancy—or, the average value—of years spent with and without disability. This measure is useful for actuarial calculations, for example analysis of the insurance value of programs that provide long-term …

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Who Minimum Wage Increases Bite: An Analysis Using Monthly Data From The Sipp And Cps, Richard V. Burkhauser, Kenneth A. Couch, David C. Wittenburg

Center for Policy Research

In this paper we use an estimating equation from the research of leading proponents of the view that minimum wage increases do not cause employment losses. Rather than using annual data from the May Current Population Survey (CPS), we test this hypothesis using monthly data from both the Survey of Income and Program Participation (SIPP) and the CPS. We find the traditional result that neoclassical theory would predict: minimum wage increases create employment losses that are concentrated among less valued workers. Minimum wage increases have an insignificant effect on the employment of prime age workers (aged 25 to 61), but …

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Where Do The Rents Go? Land Ownership In An Urban Model, Stephen Ross, John Yinger

Center for Policy Research

Despite the predominance of homeownership, general equilibrium urban models assume that rents flow to absentee landlords or are redistributed to residents. This paper explores open urban models with more realistic forms of land ownership, namely ownership of shares in a land corporation and individual home ownership. These models, which produce capital gains and losses for residents, can yield different comparative static results than previous open models, with post-shock bid functions that are flatter at the periphery or steeper at the center. Moreover, shocks to these models cannot in general be analyzed without knowing the characteristics of all the urban areas …

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Employment Policy For Transition In Hungary And Poland, Christopher J. O'Leary

Conference Papers

No abstract provided.

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Recounting Winners And Losers In The 1980s: A Critique Of Income Distribution Measurement Methodology, Richard V. Burkhauser, Amy D. Crews, Mary C. Daly

Center for Policy Research

The 1980s have been characterized as a time when the “rich got richer and the poor got poorer.” Using a cross-over point methodology used in several recent studies, we show how sensitive the measurement of winners and losers can be to seemingly small differences in methodological practice. Specifically, we show sensitivity to the years compared, the income sharing unit chosen, and the inflation index used. Our results show that these and other studies of economic well-being exaggerate losses by mixing cyclical with cross-cycle effects

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The Control Of The Monetary And Banking System By The Central Bank Of Nigeria., Paul A. Ogwuma

Bullion

To understand the role of the Central Bank of Nigeria in controlling the system under the prevailing functional arrangement, it would be necessary to relate the conceptual framework of monetary and banking system control to the Bank's experience. To this end, the paper is organised in five sections. After Section One which is the introduction, Section Two examines the conceptual framework of monetary and banking system control. This is followed by Section Three which reviewed the CBN's techniques of control and their changes over the years. Section Four appraises the control measures and ascertains their effectiveness while Section Five provides …

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Nigeria's Domestic Public Debt Stock: An Assessment., Victor A. Odozi

Bullion

Since the early 1980s, Nigeria has taken steps to evolve external debt management strategies encompassing refinancing, restructuring, buyback, collateralisation and debt conversion arrangements as well as issuing external borrowing guidelines. Although the county's external debt problem remains severe, judging both by the absolute level of the debt stock and the unsustainable trend of the various debt servicing ratios, such as debt stock/GDP, debt stock/exports and debt service/export earnings, it is generally acknowledged that the Government had made concerted efforts to address the problem. However, the domestic debt has not been given the same attention, if any at all. the domestic …

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Mobilising Financial Resources For Growth: Nigeria's Financial Policy Perspective., Felix U. Ezeuduji

Bullion

Financial resources for growth are from several sources because no single source could provide the required funding. The major known sources of resources for growth are based to both the informal sector and formal sector activities which include the fiscal operations of the Government foreign sector transactions, capital market activities, and institutional savings mobilisation in the financial sector which is the focus of this paper. This paper is organised in five sections. The introduction constitutes Section One which provides the background, the objective and the organisation of the paper. In section Two, the conceptual framework of financial resource mobilisation is …

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Financial Capital, Human Capital, And The Transition To Self-Employment; Evidence From Intergenerational Links, Thomas Dunn, Douglas Holtz-Eakin

Center for Policy Research

The environment for business creation is central to economic policy, as entrepreneurs are believed to be forces of innovation, employment and economic dynamism. We use data from the National Longitudinal Surveys (NLS) to investigate the relative importance of financial and human capital exploiting the variation provided by intergenerational links. Specifically, we estimate the impacts of parental wealth and human capital on the probability that an individual will make the transition from a wage and salary job to self-employment. We find that young men’s own financial assets exert a statistically significant, but quantitatively modest effect on the transition to self-employment. In …

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Fax: May 7, 1996,The White House, Office Of The Press Secretary

Saffy Collection - All Textual Materials

A fax sent to Dr. Edna L. Saffy, the press release outlines President Clinton’s strong record of success meeting the challenges by the numbers. The fax gives statistics pertaining the economy and violent crimes in the United States.

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Fax: May 3, 1996, Clinton Gore ’96, Economic Leadership That Is Paying Off

Saffy Collection - All Textual Materials

A fax sent to Dr. Edna L. Saffy from the Clinton/Gore ’96 Primary Committee press release regarding President Clinton’s economic leadership.

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Fax: May 2, 1996 Dnc Talking Points

Saffy Collection - All Textual Materials

A fax sent to Dr. Edna L. Saffy from the Democratic National Committee pertaining to the U.S. Economy. “Win in 96” Donald L Fowler, National Chair. Christopher J. Dodd, General Chair.

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An Estimation Of Three Sets Of Indicators Of Financial Risk Among Multifamily Properties, Amy S. Bogdon, James R. Follain

Center for Policy Research

A lack of information about the financial condition of multifamily properties has hindered the development of a secondary mortgage market in multifamily mortgages and federal policies to finance multifamily housing. The purpose of this paper is to improve our understanding of the financial condition of multifamily properties. The centerpiece of the analysis is the 1991 RFS [U.S. Bureau of the Census]. Three sets of indicators of financial distress are examined in this paper. The first is interest rate related risk. We find that twenty five percent of the properties with mortgages have contract interest rates at least 87 basis points …

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Individuals' Lifetime Use Of Nursing Home Services: A Dynamic Microsimulation Approach, Sarah B. Laditka

Center for Policy Research

Despite the projected growth in the number of older Americans who will use nursing home services as the baby boom generation ages, there is little information about the total amount of time we can expect people to reside in nursing homes. I estimate individuals’ lifetime use of nursing home services using data from the 1984-1990 Longitudinal Study of Aging and the 1982, 1984, and 1989 National Long-Term Care Survey. A Markov model of functional status was used to estimate monthly functional status transition probabilities. Discrete-time hazard models were estimated to determine characteristics that were associated with nursing home use. Microsimulation …

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The Demand For Home Mortgage Debt And The Income Tax, James R. Follain, Robert M. Dunsky

Center for Policy Research

The goal of this paper is to learn more about the demand for the amount of mortgage debt owed by United States home owners. Mortgage debt is defined to be the amount of outstanding household debt secured by the owner’s principal residence; mortgages for second homes and other real estate are not considered, but second mortgages and home equity loans are. The analysis focuses on the behavior of individual households and examines variations in the their demand for mortgage debt with respect to a variety of characteristics such as household income, age, education, and other characteristics of the household. Of …

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Work, Welfare, And The Burden Of Disability: Caring For Special Needs Of Children In Poor Families, Marcia K. Meyers, Anna Lukemeyer, Timothy M. Smeeding

Center for Policy Research

This paper addresses issues which arise at the juncture of welfare and disability policies. Using preliminary data from a recent survey of current and recent AFDC recipients in California, we find that disabilities and chronic health problems affect the mothers or children in 43 percent of all households in the AFDC system. The presence of one or more children with disabilities or chronic illnesses is found to have an impact on the economic well-being of families, with increased levels of direct hardship reported by families caring for one or more severely impaired children. Potential causes of higher levels of hardship …

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Full-Text Articles in Economic Policy

Trends. Bahtmen To The Rescue: A Psychology Of Altruism In Thailand, Ibpp Editor

International Bulletin of Political Psychology

Labor Policy Evaluation: Lessons From The American Experience, Susan N. Houseman

Conference Papers

The Outlook For Onondaga County's Finances: Baseline Scenario, William Duncombe, Bernard Jump Jr.

Center for Policy Research

How The Fruits Of Growth Were Distributed Among Working-Age Families In The United States And Germany In The 1980s, Richard V. Burkhauser, Amy D. Crews, Mary C. Daly

Center for Policy Research

Expensive Children In Poor Families: Out-Of-Pocket Expenditures For The Care Of Disabled And Chronically Ill Children And Welfare Reform, Anna Lukemeyer, Marcia K. Meyers, Timothy M. Smeeding

Center for Policy Research

Placing A Lid On Marginal Tax Rates: A New Way To Simplify The Income Tax Structure, John Yinger

Center for Policy Research

The Economic And Fiscal Impact Of Lake Remediation On Onondaga County, William Duncombe, Shannon Felt, James R. Follain, Bernard Jump Jr.

Center for Policy Research

The Cost Of Caring: Childhood Disability And Poor Families, Marcia K. Meyers, Anna Lukemeyer, Timothy M. Smeeding

Center for Policy Research

Telecommunications Divestment: An Erosion Of Democracy In The Caribbean, Patricia K. Mccormick

Communication Faculty Research Publications

Liberalisation, Psus And Management Education, M R Rao, N M Agrawal

IIMB Management Review

Navaratnas As Global Giants, K R S Murthy

IIMB Management Review

A Review And Forecast Of The Onondaga County Economy, Shannon Felt, James R. Follain, Suzanne Mccoskey

Center for Policy Research

Onondaga County's Economic Performance Since 1980 And Prospects For The Next Decade, William Duncombe, Wilson Wong

Center for Policy Research

Beyond The Uruguey Round: The Indian Perspctive On Gatt: By Bibek Debroy, New Delhi: Response Books, 1996., Shyamal Roy

IIMB Management Review

Stochastic Modeling Of Active Life And Its Expectancy, Douglas A. Wolf, Sarah B. Laditka

Center for Policy Research

Who Minimum Wage Increases Bite: An Analysis Using Monthly Data From The Sipp And Cps, Richard V. Burkhauser, Kenneth A. Couch, David C. Wittenburg

Center for Policy Research

Where Do The Rents Go? Land Ownership In An Urban Model, Stephen Ross, John Yinger

Center for Policy Research

Employment Policy For Transition In Hungary And Poland, Christopher J. O'Leary

Conference Papers

Recounting Winners And Losers In The 1980s: A Critique Of Income Distribution Measurement Methodology, Richard V. Burkhauser, Amy D. Crews, Mary C. Daly

Center for Policy Research

The Control Of The Monetary And Banking System By The Central Bank Of Nigeria., Paul A. Ogwuma

Bullion

Nigeria's Domestic Public Debt Stock: An Assessment., Victor A. Odozi

Bullion

Mobilising Financial Resources For Growth: Nigeria's Financial Policy Perspective., Felix U. Ezeuduji

Bullion

Financial Capital, Human Capital, And The Transition To Self-Employment; Evidence From Intergenerational Links, Thomas Dunn, Douglas Holtz-Eakin

Center for Policy Research

Fax: May 7, 1996,The White House, Office Of The Press Secretary

Saffy Collection - All Textual Materials

Fax: May 3, 1996, Clinton Gore ’96, Economic Leadership That Is Paying Off

Saffy Collection - All Textual Materials

Fax: May 2, 1996 Dnc Talking Points

Saffy Collection - All Textual Materials

An Estimation Of Three Sets Of Indicators Of Financial Risk Among Multifamily Properties, Amy S. Bogdon, James R. Follain

Center for Policy Research

Individuals' Lifetime Use Of Nursing Home Services: A Dynamic Microsimulation Approach, Sarah B. Laditka

Center for Policy Research

The Demand For Home Mortgage Debt And The Income Tax, James R. Follain, Robert M. Dunsky

Center for Policy Research

Work, Welfare, And The Burden Of Disability: Caring For Special Needs Of Children In Poor Families, Marcia K. Meyers, Anna Lukemeyer, Timothy M. Smeeding

Center for Policy Research