Nine Out Of Ten. The "Losers" In Italy's Long Crisis. Changes In Income Distribution, Effects Of Policies, Rise In Inequality, 2011 Università degli Studi di Urbino Carlo Bo
Nine Out Of Ten. The "Losers" In Italy's Long Crisis. Changes In Income Distribution, Effects Of Policies, Rise In Inequality, Mario Pianta
Mario Pianta
The Effects Of Internet Access On Labor-Supply Decisions, 2011 International Food Policy Research Institute
The Effects Of Internet Access On Labor-Supply Decisions, Katrina Kosec, Sara Champion, Christopher Stanton
Katrina Kosec
The prevalence of Internet access in the home has increased markedly over the last decade. In many respects, it has changed the way people live and work. This paper examines the relationship between Internet in the home (and whether it is broadband) and various measures of labor supply using data from the Current Population Survey and the American Time Use Survey for the period 1998–2010. After including extensive controls, we document that home Internet access is highly positively cor¬related with employment, with total hours worked, and with the amount and share of work done from home. We also document that …
Local Negotiation With Heterogeneous Groundwater Users, 2011 University of California
Local Negotiation With Heterogeneous Groundwater Users, Gordon C. Rausser, Susan Stratton Sayre, Leo K. Simon
Economics: Faculty Publications
This paper assesses the political implications of intra-aquifer heterogeneity in the benefits and costs of optimal groundwater management. We use simulation modeling to predict groundwater extraction regimes under two alternative local decision-making structures and compare these structures to optimal management. Local collective action performs poorly when the intra-aquifer disparity in the potential gains is large. Moreover, large intra-aquifer disparity is generally associated with large potential gains. As a result, local collective action is unlikely to be successful in capturing the largest welfare gains. Individual subregions within a groundwater basin almost always benefit most from political structures whose outcomes diverge from …
Markets In Ip And Antitrust, 2011 University of Pennsylvania Carey Law School
Markets In Ip And Antitrust, Herbert J. Hovenkamp
All Faculty Scholarship
The purpose of market definition in antitrust law is to identify a grouping of sales such that a single firm who controlled them could maintain prices for a significant time at above the competitive level. The conceptions and procedures that go into “market definition” in antitrust can be quite different from those that go into market definition in IP law. When the issue of market definition appears in IP cases, it is mainly as a query about the range over which rivalry occurs. This rivalry may or may not have much to do with a firm’s ability to charge a …
Economic Freedom And Fiscal Performance: A Regression Analysis Of Indices Of Economic Freedom On Per Capita Gdp, 2011 Brigham Young University - Utah
Economic Freedom And Fiscal Performance: A Regression Analysis Of Indices Of Economic Freedom On Per Capita Gdp, Jason Ockey
Jason R Ockey
This paper explores whether different forms of economic freedom drive fiscal performance. We also seek to determine which specific measurements of economic freedom have the most statistically significant impacts. Though the results of our analysis show that economic freedom does impact levels of per capita GDP, the interpretation of these results is more complicated. Because some indices of economic freedom have negative effects on per capita GDP or are statistically insignificant, it is important to note that simply generally increasing a country’s overall level of economic freedom will not necessarily spur economic growth or increase fiscal performance. This paper does …
Interest Rate Policy In China: The Impact Of Suppressed Deposit Rates On Household Income From 2000-2007, 2011 Yale University
Interest Rate Policy In China: The Impact Of Suppressed Deposit Rates On Household Income From 2000-2007, Zhuliang James Zhang
Undergraduate Economic Review
An often-overlooked impact of China’s policy of maintaining low interest has been the suppression of household interest income, which has increased the propensity of households to save while decreasing their consumption rates. This paper posits that from 2000 to 2007, deposit rates in China were suppressed annually by around 720 basis points, imposing an implicit tax on annual per-capita income of 12.8% on average. Raising deposit rates will increase household income and boost consumption in the medium-term if the Chinese government is able to initiate policy shifts that distribute the gains of economic growth more equitably to households. Research advised …
Daily Stock Market Movement From Oscillating Social Mood Factors, 2011 Western Kentucky University
Daily Stock Market Movement From Oscillating Social Mood Factors, Cari Bourette
Cari Bourette
Since 2006, there has been ongoing research into the correlation of a set of oscillating mood factors and socioeconomic, geopolitical, and natural events with the goal of forecasting increased risks of destabilizing events. While promising results have been forthcoming, it has been difficult to present models that allowed those outside a small circle of specialists to participate. Between July 2007 and June 2010, weekly social mood projections, as published in monthly issues of MoodCompass, were used to develop a model to convert four oscillating mood factors into stock market expectations. This model was modified to generate signals of projected stock …
Asia Vs América Latina, 2011 Selected Works
Using Forest Plots To Present Meta-Analysis Results, 2011 DED - University of Macerata - Italy
Using Forest Plots To Present Meta-Analysis Results, Luca De Benedictis
Luca De Benedictis
This is figure 1 of the paper with Massimiliano Bratti and Gianluca Santoni, On the Pro-Trade effect of Immigrants. It uses a Forest Plot to present point elasticities and standard errors of different papers dealing with the effect of immigrants on trade flows. R code will follow.
The Evolution Of Unemployment Relief In Great Britain, 2011 Cornell University
The Evolution Of Unemployment Relief In Great Britain, George R. Boyer
George R. Boyer
[Excerpt] Relatively little has been written about unemployment relief during the period between the passage of the Poor Law Amendment Act in 1834 and the adoption of national unemployment insurance in 1911. This study is an attempt to help fill the gap in the literature. It examines the changing roles played by poor relief, private charity, trade unions, and public employment in the lives of the urban unemployed during cyclical downturns from 1834 to 1911. The story that emerges offers no support for a "Whig theory of welfare." Public assistance for the unemployed was more generous, and more certain, from …
The Development Of The Neoclassical Tradition In Labor Economics, 2011 Cornell University
The Development Of The Neoclassical Tradition In Labor Economics, George R. Boyer, Robert S. Smith
George R. Boyer
This essay on labor economics examines neoclassical theory's rise to ascendancy following the second World War, with a secondary focus on the relative decline but continued influence of institutionalist economic theory. The authors describe the evolution of institutional and neoclassical theory from the late nineteenth to mid-twentieth centuries, examine some early intellectual debates between the two camps, briefly describe the work of neoclassical labor economics pioneers, and look at major developments over the past 30 years. They argue that neoclassical economists' increasing intellectual breadth and influence in public policy have led them to pay closer attention to issues that have …
The Historical Background Of The Communist Manifesto, 2011 Cornell University
The Historical Background Of The Communist Manifesto, George R. Boyer
George R. Boyer
[Excerpt] The Manifesto of the Communist Party, published 150 years ago in London in February 1848, is one of the most influential and widely-read documents of the past two centuries. The historian A. J. P. Taylor (1967, p. 7) has called it a "holy book," and contends that because of it, "everyone thinks differently about politics and society." And yet, despite its enormous influence in the 20th century, the Manifesto is very much a period piece, a document of what was called the "hungry" 1840s. It is hard to imagine it being written in any other decade of the 19th …
Malthus Was Right After All: Poor Relief And Birth Rates In Southeastern England, 2011 Cornell University
Malthus Was Right After All: Poor Relief And Birth Rates In Southeastern England, George R. Boyer
George R. Boyer
The payment of child allowances to laborers with large families was widespread in early nineteenth-century England. This paper tests Thomas Malthus's hypothesis that child allowances caused the birth rate to increase. A cross-sectional regression model is estimated to explain variations in birth rates across parishes in 1826-30. Birth rates are found to be related to child allowances, income, and the availability of housing, as Malthus contended. The paper concludes by examining the role played by the adoption of child allowances after 1795 in the fertility increase of the early nineteenth century.
The Poor Law, Migration, And Economic Growth, 2011 Cornell University
The Poor Law, Migration, And Economic Growth, George R. Boyer
George R. Boyer
The loss to the English economy caused by decreased migration resulting from relief payments to agricultural laborers is estimated. I conclude that, at worst, the Poor Law had a small negative impact on national product. If poor relief and wages were substitutes, the Poor Law may have had a positive impact on capital formation and economic growth.
What Did Unions Do In Nineteenth-Century Britain?, 2011 Cornell University
What Did Unions Do In Nineteenth-Century Britain?, George R. Boyer
George R. Boyer
The article examines the development of the insurance function of trade unions. It analyzes how such policies worked, and why union benefit packages differed across occupations. It also addresses the impact of insurance policies on union organization. Insurance benefits increased the ability of unions to attract and retain members. They did not, however, significantly increase the power of union leaders relative to employers or union rank and file.
Unemployment And The Uk Labour Market Before, During And After The Golden Age, 2011 University of Essex
Unemployment And The Uk Labour Market Before, During And After The Golden Age, Timothy J. Hatton, George R. Boyer
George R. Boyer
During the ‘golden age’ of the 1950s and 1960s unemployment in Britain averaged 2 per cent. This was far lower than ever before or since and a number of hypotheses have been put forward to account for this unique period in labour market history. But there has been little attempt to isolate precisely how the determinants of wage setting and unemployment differed before, during and after the golden age. We estimate a two-equation model over the whole period from 1872 to 1999 using a newly constructed set of long-run labour market data. We find that the structure of real wage …
Labour Migration In Southern And Eastern England, 1861-1901, 2011 Cornell University
Labour Migration In Southern And Eastern England, 1861-1901, George R. Boyer
George R. Boyer
This paper examines the determinants of migration from 19 southern counties to six major destinations in England and Wales from 1861-70 to 1891-1900. I find that, while the size of origin-destination wage gaps and the distance between origin and destination areas were important determinants of migration flows, as expected, migration was also strongly influenced by the number of previous migrants from an origin county living in a destination. The assistance provided by previous migrants to friends and relatives contemplating migration led to a perpetuation of earlier migration patterns, and helps to explain the continued dominance of London as a destination …
New Estimates Of British Unemployment, 1870-1913, 2011 Cornell University
New Estimates Of British Unemployment, 1870-1913, George R. Boyer, Timothy J. Hatton
George R. Boyer
We present new estimates of the British industrial unemployment rate for 1870- 1913, which improve on the Board of Trade's prior estimates. We use similar sources, but our series includes additional industrial sectors, allows for short-time working, and aggregates the various sectors using appropriate labor-force weights from the census. The resulting index suggests a rate of industrial unemployment that was generally higher, but less volatile, than the board's index. We then adjust our series to an economywide basis, and construct a consistent time series of overall unemployment for 1870-1999.
Economic Approaches To Global Regulation: Expanding The International Law And Economics Paradigm, 2011 Northeastern University School of Law
Economic Approaches To Global Regulation: Expanding The International Law And Economics Paradigm, Dan Danielsen
Dan Danielsen
The recent economic crisis has demonstrated with startling clarity the importance of developing a more robust framework for assessing the effects of national rules on global welfare. For more than fifty years, law and economics scholars have examined the effects of domestic legal rules on economic activity and general welfare in the United States. More recently, international law scholars have begun to use economic methods to analyze the international legal order. In this article I survey this evolving body of “international law and economics scholarship” with a view to articulating its principle methodological innovations as well as assessing its contributions …
Local Rules And A Global Economy: An Economic Policy Perspective, 2011 Northeastern University School of Law
Local Rules And A Global Economy: An Economic Policy Perspective, Dan Danielsen
Dan Danielsen
This article explores the growing significance and theoretical implications of ‘local rules’—such as Chinese labour standards, US financial regulation and Swiss bank secrecy rules—in the global economy. In particular, the argument developed is that Ronald Coase’s framework for analysing the effects of legal rules on economic welfare can help to reveal important weaknesses in current international legal approaches to analysing the transnational impact of local rules as well as contribute to a ‘global economic policy perspective’ better attuned to problems of power in the global regulatory order. Such a perspective will help us to see the effects of power differences …