Economic Inquiry

Articles from Vol. 44, No. 1, January

A Change Point Analysis of the Impact of "Environmental Federalism" on Aggregate Air Quality in the United States: 1940-98
I. INTRODUCTION A major purpose of this article is to examine three important national air pollution series (nitrogen oxides [NOX], sulfur dioxides [SO2] and volatile organic compounds VOCs) for change points in their trends and in so doing determine...
External Recruitment and Intrafirm Mobility
I. INTRODUCTION Competition for promotion has a very strong effect on employees' work incentive. In the stereotypic internal labor market described in Doeringer and Piore (1985), there are only a limited number of ports of entry into a hierarchical...
Health Care, Insurance, and the Contract Choice Effect
I. INTRODUCTION It is well known that consumers anticipate some aspects of their medical care consumption--examples include obstetrical services, dental procedures, vision care, outpatient mental health services, and minor elective surgery--so that...
How Important Are Capital and Total Factor Productivity for Economic Growth?
How much of growth in output per worker is associated with growth in physical and human capital per worker, and how much is due to technology, institutional change, and other factors? An economy's output is a positive function of physical and human...
International Outsourcing and the Productivity of Low-Skilled Labor in the EU
I. INTRODUCTION In recent years, international outsourcing (international fragmentation of the value-added chain) has become one of the core interests in international economics, and it is now seen as an important source of the observed change in...
Labor-Market Consequences of Poor Attitude and Low Self-Esteem in Youth
In a recent national survey that asked employers to rank the importance of particular applicant traits for nonsupervisory and production positions, "applicant's attitude" was the only trait that was reported to be "very important." In fact, "academic...
Media Concentration and Consumer Product Prices
I. INTRODUCTION Recent debates about concentration in the broadcast media industry have provoked concerns about the consequences for programming and advertising levels. What is not so obvious is how media concentration can affect the prices of advertised...
Stabilization Policy: A Reconsideration
I. INTRODUCTION In 1936 Keynes's General Theory explained how fiscal and monetary policy could be used to end depressions. Since that time no developed country has ever seen a downturn on the scale of the 1930s. The General Theory was not just a...
The Impact of High-Tech Capital on Productivity: Evidence from Australia
I. INTRODUCTION The bulk of the empirical research on the relationship between high-tech capital investment and productivity has been based on data for the United States. Given the relatively large size of the high-tech capital sector in the U.S....
The Usefulness of Consumer Confidence in Forecasting Household Spending in Canada: A National and Regional Analysis
I. INTRODUCTION In 1960, the Conference Board of Canada launched its series of quarterly surveys of consumer attitudes. Since then, the results of these surveys have provided policy makers, economic forecasters, and business managers with useful...
Two to Tango? Gender Differences in the Decisions to Publish and Coauthor
I. INTRODUCTION There is a well-developed mythology regarding the presence of "old boy networks" and their importance in explaining gender differences in labor market outcomes, as articulated by Saloner (1985). Nonetheless, aside from works such...
U.S. Narrow Money for the Twenty-First Century
I. INTRODUCTION Though money retains its fundamental role in a market economy, money measures have been noticeably de-emphasized within the conduct of U.S. monetary policy. The Federal Open Market Committee (FOMC) stopped reporting annual growth...