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Excess Sensitivity in Consumption without Liquidity Constraint: Evidence from Monthly Household Panel Data
(Department of Economics, 2007)
The monthly salaries and allowances of Korean government employees are known in advance but vary greatly throughout the year. Using a large Korean monthly panel data set from 1994 to 2003, we examine how nondurable consumption ...
Competing or Collaborating Siblings? Industrial and Trade Policies in India
(Department of Economics, 2006)
This paper investigates the link between economic de-regulation-domestic as well as trade de-regulation-and firm-level productivity using two unique data sets. We use the industrial licensing regime in India (operating ...
How Do States Formulate Medicaid and SCHIP Policy? Economic and Political Determinants of State Eligibility Levels
(Department of Economics, 2009)
We exploit the existence of substantial variation in state policies toward public health insurance for children between 1990 and 2002 to estimate the economic and political determinants of state eligibility levels. Controlling ...
Joint Estimation of Sequential Labor Force Participation and Fertility Decisions Using Markov Chain Monte Carlo Techniques
(Department of Economics, 2004)
In this paper we estimate the causal effect of children on the labor supply of women using panel data on women from the 1979 National Longitudinal Survey of Youth (NLSY79). We examine the effect of children both prior to ...
What's in a Name?
(Department of Economics, 2004)
Plenty. This paper analyzes two broad questions: Does your first name matter? And how did you get your first name anyway? Using data from the National Opinion Research Center's (NORC's) General Social Survey, including ...
An Experimental Study of the Effects of Inequality and Relative Deprivation on Trusting Behavior
(Department of Economics, 2005)
Several non-experimental studies report that income inequality and other forms of population-based heterogeneity reduce levels of trust in society. However, recent work by Glaeser et al. (2000) calls into question the ...
The Effect of Monetary Policy on Economic Output
(Department of Economics, 2003)
There is substantial research effort devoted to identifying a sufficient statistic for monetary policy. The purpose of this paper is to broaden the scope of the on-going investigation along three dimensions. First, we ...
The Welfare Caseload, Economics Growth and Welfare-to-Work Policies: An Analysis of Five Urban Areas
(Department of Economics, 2000)
This paper uses quarterly data on AFDC (later TANF) recipients in five major urban areas to examine the relative importance of policy reform and economic conditions in explaining the dynamics of the welfare caseload and ...
The Effects of Welfare-to-Work Program Activities on Labor Market Outcomes
(Department of Economics, 2006)
Studies examining welfare-to-work program effectiveness present mixed and sometimes discrepant findings, partly due to research design, data, and methodological limitations. Using administrative data on Missouri and North ...
The Impact of Welfare Reform on Leaver Characteristics, Employment and Recidivism
(Department of Economics, 2002)
Welfare reform has transformed the U.S. cash assistance program for single parents and their children. Although there remains substantial uncertainty about the importance of reform in producing the subsequent decline in ...
Long-Term Oil Price Forecasts: A New Perspective on Oil and the Macroeconomy
(Department of Economics, 2010)
We examine how future real GDP growth relates to changes in the forecasted longterm average of discounted real oil prices and to changes in unanticipated fluctuations of real oil prices around the forecasts. Forecasts are conducted using a state...
A Measure of Media Bias
(Department of Economics, 2005)
In this paper we estimate ADA (Americans for Democratic Action) scores for major media outlets such as the New York Times, USA Today, Fox News' Special Report, and all three network television news shows. Our estimates ...
Understanding the Use of Curriculum Materials: A Cross-Site Research Study Report
(Center for the Study of Mathematics Curriculum, 2006-06)
A cross-site study conducted under the auspices of CSMC was designed to explore curriculum enactment of a particular mathematical topic in the three districts. District representatives selected “composing and decomposing” ...
Noninformative Priors and Frequentist Risks of Bayesian Estimators of Vector-Autoregressive Models
(Department of Economics, 2002)
In this study, we examine posterior properties and frequentist risks of Bayesian estimators based on several non-informative priors in Vector Autoregressive (VAR) models. We prove existence of the posterior distributions ...
Labor-Market Returns to the GED Using Regression Discontinuity Analysis
(Department of Economics, 2010)
In this paper, we evaluate the labor-market returns to General Educational Development (GED) certification using Missouri administrative data. We develop a fuzzy regression discontinuity (FRD) method to account for the ...
Crude Oil and Stock Markets: Stability, Instability, and Bubbles
(Department of Economics, 2008)
We analyze the long-run relationship between the world price of crude oil and international stock markets over 1971:1-2008:3 using a cointegrated vector error correction model with additional regressors. Allowing for ...
High Corruption Income in Ming and Qing China
(Department of Economics, 2005)
We develop an economic model that explains historical data on government corruption in Ming and Qing China. In our model, officials' extensive powers result in corrupt income matching land's share in output. We estimate ...
Welfare and Work in the 1990s: Experiences in Six Cities
(Department of Economics, 2004)
Our study examines the dynamic structure of welfare participation and the labor market involvement of recipients starting in the early 1990s and extending through 1999 in the core counties containing six major urban areas: ...
Cointegrating Regressions with Messy Regressors: Missingness, Mixed Frequency, and Measurement Error
(Department of Economics, 2009)
We consider a cointegrating regression in which the integrated regressors are messy in the sense that they contain data that may be mismeasured, missing, observed at mixed frequencies, or have other irregularities that ...
Environmental Policy Attitudes: Issues, Geographical Scale, and Political Trust
(Department of Economics, 2008)
Objectives. This article examines environmental policy attitudes, focusing on the differences in preferences across issue type (i.e., pollution, resource preservation) and geographical scale (i.e., local, national, global). ...