Economics

Income Smoothing and Consumption Smoothing

Income Smoothing and Consumption Smoothing
Journal of Economic Perspectives 9(3), Summer 1995, 103-114.

Morduch, J.
01/01/1995

Examines the ways in which farm households in developing countries may self-insure, with a particular emphasis on the idea that farm households may seek to smooth their consumption by altering their methods of production. Quantifying the importance of risk; Consumption smoothing and risk; Income smoothing; Simplicity and complexity in low-income economies.

Infrastructure in a structural model of economic growth

Infrastructure in a structural model of economic growth
Regional Science & Urban Economics, April, Vol. 25 Issue 2, p131, 21p.

Holtz-Eakin, D. & Schwartz, A.E.
01/01/1995

Proposes a neoclassical economic growth model to show the connection between infrastructure and productivity growth. Model as a framework for analyzing the empirical importance of public capital accumulation to productivity growth in the United States between 1971 and 1986; Characteristics of the growth path toward the steady state; Econometric implications.

Individual production, community characteristics and the provision of local public services

Individual production, community characteristics and the provision of local public services
Journal of Public Economics, Feb 93, Vol. 50 Issue 2, p277, 13p.

Schwartz, A.E.
02/01/1993

Suggests a method of indexing local public services using community characteristics to allow the isolation of movements in prices and quantities from expenditure data. Differences in individual production functions for commodities where both private goods and community characteristics are inputs of production; Impact of government activities on community characteristics and production.

Cutback Budgeting: The Long-Term Consequences

Cutback Budgeting: The Long-Term Consequences
Journal of Policy Analysis & Management, Fall 93, Vol. 12 Issue 4, p664-684, 21p

Berne, R. & Stiefel, L.
01/01/1993

Analyzes whether short-term cutbacks made during a fiscal crisis become permanent once fiscal conditions improve. Economic and fiscal history of New York City from the 1970s through the 1980s; Framework for studying the long-term effects of budgetary cutbacks; Methodology for studying the long-term effects of 1976 and 1977 budgetary cutbacks; Effects on dollars, services, teacher characteristics and capital constructions.

The effect of social networks and concentrated poverty on black and hispanic youth unemployment

The effect of social networks and concentrated poverty on black and hispanic youth unemployment
Annals of Regional Science, Dec 1993, Vol. 27 Issue 4, p327, 16p

O'Regan, K.
01/01/1993

This paper examines empirically the effect of spatially concentrated poverty on minority youth employment and the role of "access" in youth labor markets. A model, in which information about jobs travels through social networks, links labor market outcomes and residential concentration of poverty. The empirical work uses U.S. Census employment data for the largest MSAs, in 1970 and 1980. The key findings are that, although concentration appears to have had no effect on black youth unemployment in 1970, the results for 1980 support "concentration effects" on unemployment for both black and hispanic youth. These effects are sizeable on average, and quite large in some cities.

Evaluating the Success of Need-Based State Aid in the Presence of Property Tax Limitations

Evaluating the Success of Need-Based State Aid in the Presence of Property Tax Limitations
Public Finance Quarterly, Oct 92, Vol. 20 Issue 4, p483, 16p.

Reschovsky, A. & Schwartz, A.E.
10/01/1992

Discusses the use of grants-in-aid to reduce fiscal disparities by local governments in the United States. Method used in Massachusetts to account for differences among communities in fiscal costs and resources; Indepth look at expenditure determination in tax limitations; Estimation of local government expenditures.

Wheat and Maize Price Policies in Hungary: Tradeoffs between Foreign Exchange and Government Revenue

Wheat and Maize Price Policies in Hungary: Tradeoffs between Foreign Exchange and Government Revenue
Agricultural Economics 1, 1987. 273-290.

Jonathan Morduch, Avishay Braverman, and Jeffrey S. Hammer
02/01/1987

This paper reports on a methodology designed to examine the effects of selected agricultural policies in Hungary. The purpose of the paper is twofold. The first is to explain the methodology, dubbed multi-market analysis in previous work, which is implemented on personal computers to support discussions on policy reforms.

The second is to examine wheat and maize policies in Hungary. While the model is constructed to focus on these policies, it will also be possible to outline ways to use the model to address other problems.

Politics Is the Issue: A Response to Robert Myers

Politics Is the Issue: A Response to Robert Myers
Public Administration Review; May/Jun86, Vol. 46 Issue 3, p261-266, 6p.

Light, P.C.
05/01/1986

Presents a response to a critique of a report on actuarial estimates for social security in the U.S., featured in the 1985 issue of the periodical "Public Administration Review." Potential impact of political pressure on the social security estimates; Controversy surrounding the use of confidentiality as a condition of research; Cause of the declining accuracy of the late 1970's and early 1980's estimates.

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