Economic Inquiry

Articles from Vol. 49, No. 3, July

Affirmative Action and the Utilization of Minority- and Women-Owned Businesses in Highway Procurement
I. INTRODUCTION Affirmative action programs in public procurement are among the more important government programs intended to advance self-employment opportunities for minorities and women. In 2002, 6.75% of federal procurement dollars were awarded...
A Silver Lining? the Connection between Gasoline Prices and Obesity
I. INTRODUCTION America's rising obesity rate has become a prominent public health concern in recent decades. Studies have linked being obese (the condition of weighing substantially more than the medical optimum) (1) to high blood pressure, diabetes,...
A Simple Model of Optimal Hate Crime Legislation
I. INTRODUCTION Reported "hate crimes" have increased dramatically in the United States in recent years; the number of reported incidents rose from 4,588 in 1991 to 7,160 in 2005. (1) This rise, along with the attention paid by popular media to...
Economics Coursework and Long-Term Behavior and Experiences of College Graduates in Labor Markets and Personal Finance
I. INTRODUCTION If economics is a unique way of thinking, as many economists like to claim, some level of coursework in economics may provide enough specific knowledge and skills to lead students to make different choices in their adult roles as...
Estimating Time-Varying Bargaining Power: A Fishery Application
I. INTRODUCTION Many economists and ecologists alike have supported rights-based management systems as a form of fishery management that addresses the causes of inefficient resource use (e.g., Costello et al. [2008]). Despite these convincing studies,...
Flexible Contracts and Subjective Well-Being
I. INTRODUCTION This article estimates the influence of flexible--more contingent--employment contracts on job satisfaction and life satisfaction. Hedonic labor market theory suggests that workers sort across contract types maximizing their utility....
Implications of Immigration Policies for the U.S. Farm Sector and Workforce
I. BACKGROUND In 1942, the United States and Mexico signed the Bracero program, a formal agreement to draw seasonal labor to work in U.S. agriculture, which provided employment opportunities to poor rural Mexicans. (1) However, this program was...
In High School and Pregnant: The Importance of Educational and Fertility Expectations for Subsequent Outcomes
I. INTRODUCTION After an almost 40% decline in the incidence of teenage childbearing in the United States over a period of 15 consecutive years, the number of children born to adolescent mothers rose for the first time in 2005 (Hamilton, Martin,...
Is Peer Review in Decline?
I. INTRODUCTION For the past half-century or more, peer-reviewed journals have played a central role in the evaluation and dissemination of scientific research. The Internet has enhanced scientific communication in many ways, and there is considerable...
Learning about New Products: An Empirical Study of Physicians' Behavior
I. INTRODUCTION An important aspect of economic innovation is the development of new products. Thus, firms often devote large amounts of resources to research and development. The pharmaceutical industry, in particular, is characterized by a high...
Optimal Bail and the Value of Freedom: Evidence from the Philadelphia Bail Experiment
I. INTRODUCTION On a typical day in the United States, roughly 300,000 untried defendants are incarcerated and 700,000 are free on bail. (1) While the tradeoffs a judge must consider when setting bail are well-recognized, what level of bail is optimal...
Reputation, Price, and Death: An Empirical Analysis of Art Price Formation
I. INTRODUCTION Art prices are often claimed to substantially increase when the artist dies. These claims appear to be largely based on anecdotal evidence. They are promulgated by hearsay and sometimes cleverly insinuated by art dealers who attempt...
Retail Redlining: Are Gasoline Prices Higher in Poor and Minority Neighborhoods?
Anyone who has ever struggled with poverty knows how extremely expensive it is to be poor... Go shopping one day in Harlem-for anything and compare Harlem prices and quality with those downtown. (James Baldwin, Nobody Knows My Name, 1961) It's...
Returns to Field of Study versus School Quality: MBA Selection on Observed and Unobserved Heterogeneity
I. INTRODUCTION Given the importance of human capital investment, prospective college students and parents must often choose between higher-quality-and-cost and lower-quality-and-cost schools. The considerable literature that has examined this trade-off...
The Effect of Education on Cognitive Ability
I. INTRODUCTION An implicit assumption in the human capital literature is that education affects individuals' general and analytical skills, and not only achievements narrowly related to the curriculum. A general concern in the empirical literature...
Trend of Subjects Published in Economics Journals 1969-2007
I. INTRODUCTION A fundamental question for any academic discipline is, "What subjects are people researching?" This question can be asked in several ways. Which subjects are economists publishing? Which subjects are economists reading? Which subjects...
Why Don't Eligible Firms Claim Hiring Subsidies? the Role of Job Duration
I. INTRODUCTION For over 30 yr, the U.S. government has encouraged the hiring of disadvantaged workers by allowing firms with qualified workers to claim federal tax credits. The Work Opportunity Tax Credit (WOTC) and Welfare-to-Work Tax Credit (WtW)...
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