New England Economic Review

New England Economic Review is a magazine specializing in Economic topics.

Articles from July-August

Can Demand Elasticities Explain Sticky Credit Card Rates?
It has long been recognized that interest rates charged on credit card loans are sticky (that is, they remain high even when the cost of funds drops). Although some studies have blamed market power by issuing banks for the persistently high rates,(1)...
Laid-Off Workers in a Time of Structural Change
Labor markets have undergone considerable change in recent years. A rising share of unemployment is accounted for by workers who have been permanently laid off. When laid-off workers search for a new job, they often find that job opportunities are different...
Risk and the Capital of Insurance Companies
Insurance companies, like other financial institutions, have been evolving from specialized businesses to enterprises offering a variety of financial services. Rising interest rates impelled this evolution during much of the past three decades as most...
The Growing Inequality of Family Income: Changing Families and Changing Wages
It is widely known that the incomes of U.S. families became more unequal during the 1980s. The reasons for this rise, however, are not at all clear; numerous factors have been implicated. Economists observe that inequality typically declines during periods...