Business Economics

Professional journal of the National Association of Business Economists covering topics such as macro and microeconomics, monetary and fiscal policy, business forecasting, international economics, and deregulation.

Articles from Vol. 41, No. 3, July

A Temporary Tax Rebate in a Recession: Is It Effective and Safe? Does Consumer Response Boost the Economy without Causing Debt or Inflation Problems?
Is a temporary tax rebate effective and safe as an antirecession policy? Simulations with an empirically tested macroeconometric model are used to estimate the impact of the actual one-time 2001 tax rebate in the United States and of a hypothetical...
Consumer-Driven Health Plans: New Developments and the Long Road Ahead; Lots of Promise but Also Some Serious Problems
The continued rise in U.S. healthcare spending, along with growth in the number of uninsured, has spurred the move toward consumer-driven health plans. We review new legislation covering such plans, analyze their penetration in the marketplace, and...
Domestic Implications of a Global Labor Market: The Genie Cannot Be Put Back in the Bottle
Conventional thinking about labor markets has been slow to adjust to the reality of labor in a context of a global rather than a closed, national economy. Liberalization of international trade and capital flows has made substitution of foreign for...
From the Editor
This issue, like most, reflects the amazing diversity to be found under the umbrella, "business economics." Economic analysis is being brought to bear on an increasing range of issues and reflects the increasing necessity for firms to recognize that...
Medicaid, State Finances, and the Bottom Line for Businesses: Business Burdens Are Likely to Increase despite Efforts to Control Costs
Current Medicaid expenditures account for about nine percent of the federal budget and almost a quarter of state budgets and are growing rapidly. State Medicaid budgets are especially vulnerable to recession since states cannot incur large and sustained...
MillicentCox, LLC
As a faithful reader of this column and one who shares relevant columns with young economists, I was surprised and honored to be asked to write about my life as an economist. There are three central themes: the work I do; the mentoring I do; and the...
Modeling NABE Members' Compensation: Characteristics That Make NABE Members Valuable to Their Employers
NABE has been regularly conducting a salary survey of its members for more than 20 years. More sophisticated statistical analysis of the salary survey, however, has been performed infrequently. The regression equation for NABE members' total compensation...
Private Equity Finance as a Growth Engine: What It Means for Emerging Markets; Great Potential but Reforms Are Needed
Entrepreneurship has long been considered crucial for economic development. An important element of entrepreneurship is the willingness and ability to mobilize private capital from both domestic and foreign sources. The private equity sector in the...
The Global Market for Power Tools
The global demand for power tools rose from $19.0 billion in 1999 to $22.8 billion by 2004 and is expected to increase to $29.2 billion in 2009. The annual rate of growth was 3.7 percent during 1999-2004; the projected rate during 2004-2009 is 5.0...
When Will Social Security Shortfalls Begin to Pinch: Although the Political Debate Focuses on 2040 and 2017, the Critical Date Is 2009
The impact of Social Security's eventual insolvency will be felt as soon as the balance between income and cost of Social Security will begin to shrink, which is currently projected to occur in 2009. This is because a shrinking Social Security surplus...