Economic Inquiry

Articles from Vol. 39, No. 1, January

Academic Economists Behaving Badly? a Survey on Three Areas of Unethical Behavior
THOMAS L. MARTIN [*] This article measures the degree to which academic economists have engaged in unethical behavior and the degree to which academic economists believe the profession as a whole engages in unethical behavior. Three main types of...
A Hierarchical Theory of Occupational Segregation and Wage Discrimination
WILLIAM G. JOHNSON [*] Becker's model of discrimination is extended to the case where men exhibit distastes for working under female managers. The distribution of women in the resulting occupational hierarchy depends on the number of women in lower...
Auctions of Companies
ROBERT G. HANSEN [*] Auctions of companies are conducted in ways that contradict received auction theory The major puzzles are: (1) sellers restrict the number of bidders; (2) sellers restrict the number of bidders; (3) bidders are screened by an...
Central Bank Independence, Economic Freedom, and Inflation Rates
WILLIAM A. LUKSETICH [*] Measures of central bank independence combine many attributes that may or may not affect inflation. Central bank attributes are chosen as a result of political calculations over the distribution of resources between competing...
Exchange Rate Regimes and the Cross-Country Distribution of the 1997 Financial Crisis
ROBIN M. GRIER [*] We study variations in the severity of the 1997 financial crisis in a sample of 25 developing countries. We use both currency depreciation and stock market returns as crisis measures. Our key findings are that countries that started...
Firm-Specific Human Capital, Job Matching, and Turnover: Evidence from Major League Baseball, 1900-1992
JIM WELLER [*] The two dominant labor market turnover hypotheses, the firm-specific human capital model (FSHCM) and the job-matching model, suggest different patterns of player mobility in major league baseball. The matching hypothesis predicts...
HAS THE RISE IN GLOBALIZATION REDUCED U.S. INFLATION IN THE 1990s?
JUANN H. HUNG [*] This article investigates whether increased globalization of the U.S. economy has helped hold down inflation in the 1990s. Based on several measures, we find that globalization has increased. Further, we find that import prices...
Monetary Aggregation and the Neutrality of Money
ZISIMOS KOUSTAS [*] This article tests the long-run neutrality of money proposition using quarterly U.S. data over the period from 1960:1 to 1996:2 and the methodology suggested by King and Watson (1997), paying particular attention to the integration...
Tax Rates and Economic Growth in the Oecd Countries (1950-1990)
EMMA GALLI [*] This article proposes refined econometric estimates of effective marginal income tax rates for 23 OECD countries from 1951 to 1990. Panel regressions find such measures negatively correlated with economic growth. These results are...
The Credit Channel of Monetary Policy Transmission: Evidence from Stock Returns
CHRISTOPHRE GEORGES [*] This paper offers a novel test of the credit view of the monetary policy transmission mechanism using stock market returns. We identify Fed policy shocks using newspaper accounts and track daily stock prices immediately following...
The Firm and Managerial Misdirection of Worker Effort
CARL R. GWIN [*] This article models how a level of management between workers and the owner of a firm can affect the owner's decision either to internally integrate a function to make inputs or to contract out to buy inputs from an independent...
The Time-Varying Performance of the Long-Run Demand for Money in the United States
GEORGE S. TAVLAS [*] This article investigates the issues of the stability and predictability and interestsensitivity of money demand over 1870-1997 Two different estimation methodologies are used-random coefficient (RC) modeling and vector error...
What's an Oscar Worth?
CALBRAITH WHEATON [*] This article examines the impact of an Academy Award nomination and award for best picture, best actor/actress, and best supporting actor/actress on a film's (i) market share of theaters, (ii) average revenue per screen, and...