Papers Issued in 1981
- w0810 December 1981 Secular Patterns in Corporate Finance
Robert A. Taggart, Jr.
- w0811 December 1981 Pensions and Mortality
Paul J. Taubman
- w0812 December 1981 Employment Effects of the Federal Minimum Wage
John F. Boschen and Herschel I. Grossman
- w0818 December 1981 Real Interest, Money Surprises and Anticipated Inflation
John H. Makin
- w0817 December 1981 Stockholder Tax Rates and Firm Attributes
Alan J. Auerbach
- w0816 December 1981 Troubled Workers in the Labor Market
Richard B. Freeman
- w0815 December 1981 Compliance with the Overtime Pay Provisions of the Fair Labor Standards Act
Ronald G. Ehrenberg and Paul L. Schumann
- w0814 December 1981 Adjustment and Structural Change under Supply Shocks
Michael Bruno
- w0813 December 1981 Health Care Incentives under Disability Insurance
Frederic P. Slade
- t0019 December 1981 Bliss Points in Mean-Variance Portfolio Models
David S. Jones and V. Vance Roley
- w0826 December 1981 Productivity and R and D at the Firm Level
Zvi Griliches and Jacques Mairesse
- w0825 December 1981 The Impacts on Capital Allocation of Some Aspects of the Economic Recovery Tax Act of 1981
Patric H. Hendershott and James D. Shilling
- w0824 December 1981 Inflation and the Valuation of Corporate Equities
Lawrence H. Summers
- w0822 December 1981 Alternatives to the Current Maximum Tax on Earned Income
Lawrence B. Lindsey
- w0823 December 1981 The Lender of Last Resort and the Run on the Savings and Loans
Peter M. Garber
- w0831 December 1981 The Roles of Money and Credit in Macroeconomic Analysis
Benjamin M. Friedman
- w0830 December 1981 Debt Management Policy, Interest Rates, and Economic Activity
Benjamin M. Friedman
- w0829 December 1981 Dividend Taxes, Corporate Investment, and "Q"
James M. Poterba and Lawrence H. Summers
- w0828 December 1981 Long-Run Effects of the Accelerated Cost Recovery System
Don Fullerton and Yolanda K. Henderson
- w0827 December 1981 Estimating Wage-Fringe Trade-Offs: Some Data Problems
Robert S. Smith and Ronald G. Ehrenberg
- w0819 December 1981 The Efficiency Gains from Dynamic Tax Reform
Alan J. Auerbach, Laurence J. Kotlikoff, and Jonathan Skinner
- w0820 December 1981 The Changing Economic Value of Higher Education in Developed Economies: A Report to the O.E.C.D.
Richard B. Freeman
- w0821 December 1981 New Measures of Labor Cost: Implications for Demand Elasticities and Nominal Wage Growth
Daniel S. Hamermesh
- t0009 December 1981 The Superiority of Contingent Rules over Fixed Rules in Models with Rational Expectations
Willem H. Buiter
- r0233 December 1981 Investment in Producers' Equipment
Patric H. Hendershott and Sheng Cheng Hu
- r0225 December 1981 Keynesian Balance of Payments Models: Comment
Willem H. Buiter and Jonathan Eaton
- w0798 November 1981 Issues in the Taxation of Foreign Source Income
Daniel J. Frisch
- w0797 November 1981 Tariffs as Insurance: Optimal Commercial Policy When Domestic Markets Are Incomplete
Jonathan Eaton and Gene M. Grossman
- w0796 November 1981 The Current Account in the Eacroeconomic Adjustment Process
Jeffrey D. Sachs
- w0795 November 1981 Women, Children, and Industrialization in the Early Republic: Evidence from the Manufacturing Censuses
Claudia Goldin and Kenneth L. Sokoloff
- w0800 November 1981 "Double Dipping": The Combined Effects of Social Security and Civil Service Pensions on Employee Retirement
Gary Burtless and Jerry A. Hausman
- w0799 November 1981 A General Equilibrium Model of Taxation with Endogenous Financial Behavior
Joel Slemrod
- w0803 November 1981 Human Capital and Economic Growth
Jacob Mincer
- w0802 November 1981 Public Goods in Open Economies with Heterogeneous Individuals
Joseph E. Stiglitz
- w0801 November 1981 Macroeconomic Determinants of Real Exchange Rates
William H. Branson
- w0805 November 1981 Compensating Wage Differentials for Mandatory Overtime
Ronald G. Ehrenberg and Paul L. Schumann
- w0806 November 1981 Evaluating the Taxation of Risky Assets
Alan J. Auerbach
- w0807 November 1981 A Positive Theory of Monetary Policy in a Natural-Rate Model
Robert J. Barro and David B. Gordon
- w0804 November 1981 The Economics of Wage Floors
Jacob Mincer
- w0809 November 1981 Why U.S. Wage and Employment Behavior Differs from That in Britain and Japan
Robert J. Gordon
- w0808 November 1981 Union Effects: Wages, Turnover, and Job Training
Jacob Mincer
- r0218 November 1981 Energy Resources and Research and Development
Partha Dasgupta, Richard Gilbert, and Joseph E. Stiglitz
- w0794 November 1981 Trade and Protection with Multistage Production
Avinash K. Dixit and Gene M. Grossman
- w0782 October 1981 Central Planning and Monetarism: Fellow Travelers?
Richard Portes
- w0776 October 1981 Currency Diversification and Export Competitiveness: A Model of the "Egyptian Disease"
Jorge Braga de Macedo
- w0777 October 1981 Agency, Delayed Compensation, and the Structure of Executive Remuneration
Jonathan Eaton and Harvey S. Rosen
- w0778 October 1981 The Effects of Incomes Policies on the Frequency and Size of Wage Changes
John H. Pencavel
- w0788 October 1981 Stochastic Problems in the Simulation of Labor Supply
Jerry A. Hausman
- w0787 October 1981 Should Private Pensions Be Indexed?
Martin Feldstein
- w0786 October 1981 Patents, R and D, and the Stock Market Rate of Return
Ariel Pakes
- w0789 October 1981 Does Anticipated Aggregate Demand Policy Matter? Further Econometric results.
Frederic S. Mishkin
- w0783 October 1981 Seigniorage and Fixed Exchange Rates: An Optimal Inflation Tax Analysis
Stanley Fischer
- w0784 October 1981 Domestic Tax Policy and Foreign Investment: Some Evidence
David G. Hartman
- w0779 October 1981 Real Interest Rates, Home Goods, and Optimal External Borrowing
Rudiger Dornbusch
- w0780 October 1981 Government and Health Outcomes
Michael Grossman
- w0781 October 1981 Unemployment, Unsatisfied Demand for Labor, and Compensation Growth in the United States, 1956-1980
James L. Medoff and Katharine G. Abraham
- w0785 October 1981 Real versus Financial Openness under Alternative Exchange Rate Regimes
Michael Bruno
- w0791 October 1981 The OPEC Surplus and U.S.-LDC Trade
William H. Branson
- w0792 October 1981 Intergenerational and International Trade
Rudiger Dornbusch
- w0790 October 1981 Time-Series Evidence of the Effect of the Minimum Wage on Youth Employment and Unemployment
Charles Brown, Curtis Gilroy, and Andrew Kohen
- w0793 October 1981 Wages, Relative Prices, and the Choice between Fixed and Flexible Exchange Rates
Richard C. Marston
- w0558 October 1981 Tests of Equilibrium Macroeconomics Using Contemporaneous Monetary Data
John F. Boschen and Herschel I. Grossman
- w0279 October 1981 The 1971-1974 Controls Program and The Price Level: An Econometric Post-Mortem
Alan S. Blinder and William J. Newton
- w0743 September 1981 On the Role of Social Security as a Means for Efficient Risk-Bearing in an Economy Where Human Capital Is Not Tradeable
Robert C. Merton
- w0742 September 1981 Pigouvian Taxation with Administrative Costs
A. Mitchell Polinsky and Steven Shavell
- w0741 September 1981 The Social versus the Private Incentive to Bring Suit in a Costly Legal System
Steven Shavell
- w0746 September 1981 Tax Exporting and the Commerce Clause: Reflections on Commonwealth Edison
Charles E. McLure, Jr.
- w0747 September 1981 Capital Structure Equilibrium under Incomplete Market Conditions
Lemma W. Senbet and Robert A. Taggart, Jr.
- w0745 September 1981 Financing Capital Formation in the 1980s: Issues for Public Policy
Benjamin M. Friedman
- w0760 September 1981 Anticipated Money, Inflation Uncertainty, and Real Economic Activity
John H. Makin
- w0744 September 1981 Price Inertia and Policy Ineffectiveness in the United States, 1890-1980
Robert J. Gordon
- w0748 September 1981 Aspects of the Optimal Management of Exchange Rates
Jacob A. Frenkel and Joshua Aizenman
- w0750 September 1981 Career Patterns of College Graduates in a Declining Job Market
Richard B. Freeman
- w0753 September 1981 Inflation, Tax Rules, and the Accumulation of Residential and Nonresidential Capital
Martin Feldstein
- w0752 September 1981 Union Wage Practices and Wage Dispersion within Establishments
Richard B. Freeman
- w0761 September 1981 The Index of Leading Indicators: "Measurement without Theory," Twenty-Five Years Later
Alan J. Auerbach
- w0751 September 1981 Have Black Labor Market Gains Post-1964 Been Permanent or Transitory?
Richard B. Freeman
- w0757 September 1981 Tax Reform and Corporate Investment: A Microeconometric Simulation Study
Michael A. Salinger and Lawrence H. Summers
- w0759 September 1981 Anticipated and Unanticipated Oil Price Increases and the Current Account
Nancy Peregrim Marion
- w0758 September 1981 Capital Gains Taxation in an Economy with an "Austrian Sector"
Daniel J. Kovenock and Michael Rothschild
- w0772 September 1981 The Effects of Pensions and Earnings on Retirement: A Review Essay
Olivia S. Mitchell and Gary S. Fields
- w0773 September 1981 The International Economics of Transitional Growth: The Case of the United States
Laurence J. Kotlikoff, Edward E. Leamer, and Jeffrey Sachs
- w0771 September 1981 The Interaction between Research and Public Policy: The Case of Unemployment Insurance
Daniel S. Hamermesh
- w0770 September 1981 Capital Mobility and the Scope for Sterilization: Mexico in the 1970s
Robert E. Cumby and Maurice Obstfeld
- w0769 September 1981 Collective Bargaining and Compulsory Arbitration: Prescriptions for the Blue Flu
Casey Ichniowski
- w0768 September 1981 Schooling and Health: The Cigarette Connection
Phillip Farrell and Victor R. Fuchs
- w0767 September 1981 Employee Valuation of Pension Claims and the Impact of Indexing Initiatives
James E. Pesando
- w0766 September 1981 Exchange Rate Determination and the Demand for Money
Craig S. Hakkio
- w0764 September 1981 The Potential for Using Excise Taxes to Reduce Smoking
Eugene M. Lewit and Douglas Coate
- w0765 September 1981 Low-Cost Student Labor: The Use and Effects of the Subminimum Wage Provisions for Full-time Students
Richard B. Freeman, Wayne B. Gray, and Casey Ichniowski
- w0762 September 1981 The Holding Period Distinction of the Capital Gains Tax
Steven Kaplan
- w0754 September 1981 Intergenerational Effects of the Distribution of Income and Wealth: The Utah Experience, 1850-1900
J. R. Kearl and Clayne L. Pope
- w0755 September 1981 Accelerating Inflation, Nonassumable Fixed-Rate Mortgages, and Consumer Choice and Welfare
Patric H. Hendershott and Sheng Cheng Hu
- w0756 September 1981 Permanent Income, Liquidity, and Expenditure on Automobiles: Evidence from Panel Data
Ben S. Bernanke
- w0763 September 1981 Partial Retirement and the Analysis of Retirement Behavior
Alan L. Gustman and Thomas L. Steinmeier
- w0749 September 1981 Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation
Willem H. Buiter and Marcus H. Miller
- w0775 September 1981 Monetary Aggregates as Targets: Some Theoretical Aspects
Charles Freedman
- w0774 September 1981 Prices and Terms of Trade for Developed-Country Exports of Manufactured Goods
Irving B. Kravis and Robert E. Lipsey
- r0202 September 1981 Equality, Taxation, and Inheritance
Joseph E. Stiglitz
- r0206 September 1981 Monetary, Financial, and Fiscal Policies Under Rational Expectations
Willem H. Buiter
- w0740 August 1981 The Effective Tax Rate and the Pretax Rate of Return
Martin Feldstein, James M. Poterba, and Louis Dicks-Mireaux
- w0733 August 1981 Taxation and On-the-job Training Decisions
Harvey S. Rosen
- w0731 August 1981 Changes in the Provision of Correspondent-Banking Services and the Role of Federal Reserve Banks under the DIDMC Act
Edward J. Kane
- w0729 August 1981 National Savings, Economic Welfare, and the Structure of Taxation
Alan J. Auerbach and Laurence J. Kotlikoff
- w0730 August 1981 An Examination of Empirical Tests of Social Security and Savings
Alan J. Auerbach and Laurence J. Kotlikoff
- w0728 August 1981 Transition from Inflation to Price Stability
Peter M. Garber
- w0727 August 1981 On the Design of Contracts and Remedies for Breach
Steven Shavell
- w0726 August 1981 An Integrated View of Tests of Rationality, Market Efficiency, and the Short-Run Neutrality of Monetary Policy
Andrew B. Abel and Frederic S. Mishkin
- w0737 August 1981 Implications of Corporate Capital Structure Theory for Banking Institutions
Yair E. Orgler and Robert A. Taggart, Jr.
- w0736 August 1981 Macroeconomic Adjustment and Foreign Trade of Centrally Planned Economies
John Burkett, Richard Portes, and David Winter
- w0735 August 1981 The Impact of Collective Bargaining: Illusion or Reality?
Richard B. Freeman and James L. Medoff
- w0732 August 1981 Measurement Error and the Flow of Funds Accounts: Estimates of HouseholdAsset Demand Equations
Carl E. Walsh
- w0738 August 1981 The Terminations Premium in Mortgage Coupon Rates: Evidence on the Integration of Mortgage and Bond Markets
Patric H. Hendershott and Kevin E. Villani
- w0739 August 1981 Housing Finance in the United States in the Year 2001
Patric H. Hendershott and Kevin E. Villani
- r0191 August 1981 The Consumer Price Index: Measuring Inflation and Causing It
Robert J. Gordon
- r0196 August 1981 Potential Competition May Reduce Welfare
Joseph E. Stiglitz
- r0198 August 1981 Stabilization, Accommodation, and Monetary Rules
John B. Taylor
- w0734 August 1981 Social Security and the Decision to Retire
Anthony J. Pellechio
- w0709 July 1981 Test Scores and Self-Selection of Higher Education: College Attendance versus College Completion
Steven F. Venti and David A. Wise
- t0015 July 1981 Arbitrage and Mean-Variance Analysis on Large Asset Markets
Gary Chamberlain and Michael Rothschild
- w0719 July 1981 The Efficiency of Decentralized Investment Management Systems
David S. Jones
- t0016 July 1981 Welfare Analysis of Tax Reforms Using Household Data
Mervyn A. King
- w0706 July 1981 The Added-Worker Effect: A Reappraisal
Shelly J. Lundberg
- w0708 July 1981 Inflation, Flexible Exchange Rates, and the Natural Rate of Unemployment
Robert J. Gordon
- w0707 July 1981 Economic Well-Being and Child Labor: The Inter action of Family and Industry
Claudia D. Goldin and Donald O. Parsons
- w0712 July 1981 The Sources of Labor Productivity Variation in U.S. Manufacturing, 1947-80
Ben S. Bernanke
- w0713 July 1981 Effects of Inflation on the Pattern of International Trade
Alan C. Stockman
- w0711 July 1981 Discontinuous Distributions and Missing Persons: The Minimum Wage and Unemployed Youth
Robert H. Meyer and David A. Wise
- w0721 July 1981 Bilateral Contracts
Jerry R. Green and Seppo Honkapohja
- w0720 July 1981 Intertemporal Substitution in Consumption
Robert E. Hall
- w0717 July 1981 The Effect of Unions on Productivity in the Public Sector: The Case of Libraries
Ronald G. Ehrenberg and Joshua L. Schwarz
- w0718 July 1981 The Allocation of Capital Between Residential and Nonresidential Uses: Taxes, Inflation and Capital Market Constraints
Patric H. Hendershott and Sheng Cheng Hu
- w0716 July 1981 A Comment on Feldstein's Fisher-Schultz Lecture
Ray C. Fair
- w0715 July 1981 Four Observations on Modern International Commercial Policy under Floating Exchange Rates
J. David Richardson
- w0714 July 1981 Risk Sharing through Breach of Contract Remedies
A. Mitchell Polinsky
- w0710 July 1981 Test Scores, Educational Opportunities, and Individual Choice
Steven F. Venti and David A. Wise
- w0725 July 1981 Savings and Loan Usage of the Authority to Invest in Corporate Debt
Patric H. Hendershott and Kevin E. Villani
- w0724 July 1981 Tax Aspects of Corporate Pension Funding Policy
Jeremy I. Bulow
- w0723 July 1981 Inflation, Real Interest, and the Determinacy of Equilibrium in an Optimizing Framework
Maurice Obstfeld
- w0722 July 1981 The Relative Productivity Hypothesis of Industrialization: The American Case, 1820-1850
Claudia D. Goldin and Kenneth L. Sokoloff
- t0002 July 1981 Issues in Controllability and the Theory of Economic Policy
Willem H. Buiter and Mark Gersovitz
- r0184 July 1981 Race Differences in Job Satisfaction: A Reappraisal
Ann P. Bartel
- w0695 June 1981 Familial Love and Intertemporal Optimality
Herschel I. Grossman
- w0690 June 1981 Consumption Correlatedness and Risk Measurement in Economies with Non trade Assets and Heterogeneous Information
Sanford J. Grossman and Robert J. Shiller
- w0687 June 1981 Taxation of Corporate Capital Income: Tax Revenues vs. Tax Distortions
Roger H. Gordon
- w0704 June 1981 Debt and Economic Activity in the United States
Benjamin M. Friedman
- w0697 June 1981 Implications of the Changing U.S. Labor Market for Higher Education
Richard B. Freeman
- w0703 June 1981 Private Pensions as Corporate Debt
Martin Feldstein
- w0696 June 1981 Estimated Effects of Relative Prices on Trade Shares
Ray C. Fair
- w0698 June 1981 Taxation and Excess Burden: A Life-Cycle Perspective
E. John Driffill and Harvey S. Rosen
- w0702 June 1981 Changing Balance Sheet Relationships in the U.S. Manufacturing Sector, 1926-77
John H. Ciccolo, Jr.
- t0013 June 1981 Macroeconometric Modelling for Policy Evaluation and Design
Willem H. Buiter
- t0012 June 1981 A Note on the Solution of A Two-Point Boundary Value Problem Frequently Encountered in Rational Expectations Models
Willem H. Buiter
- w0688 June 1981 Pitfalls in the Construction and Use of Effective Tax Rates
David F. Bradford and Don Fullerton
- w0701 June 1981 Investment Strategy in an Inflationary Environment
Zvi Bodie
- w0684 June 1981 On Non-Uniqueness in Rational Expectations Models: An Attempt at Perspective
Bennett T. McCallum
- t0014 June 1981 Asymptotic Properties of Quasi-Maximum Likelihood Estimators and Test Statistics
Thomas E. MaCurdy
- w0705 June 1981 Real and Monetary Disturbances in an Exchange-Rate Union
Richard C. Marston
- w0700 June 1981 Risk and Return: A New Look
Burton G. Malkiel
- w0692 June 1981 Wealth Mobility: The Missing Element
J. R. Kearl and Clayne L. Pope
- w0699 June 1981 Inflation, Resource Utilization, and Debt and Equity Returns
Patric H. Hendershott
- w0689 June 1981 Tax Policy and Foreign Direct Investment
David G. Hartman
- w0686 June 1981 Aggregate Spending and the Terms of Trade: Is There a Laursen-Metzler Effect?
Maurice Obstfeld
- w0694 June 1981 Utilitarianism and Horizontal Equity: The Case for Random Taxation
Joseph E. Stiglitz
- w0685 June 1981 Relative Prices, Employment, and the Exchange Rate in an Economy with Foresight
Maurice Obstfeld
- w0693 June 1981 Monetary Policy and Short-Term Interest Rates: An Efficient Markets-Rational Expectations Approach
Frederic S. Mishkin
- r0170 June 1981 On the Theory of Effective Demand
Jerry R. Green
- w0691 June 1981 A Systematic Banking Collapse in a Perfect Foresight World
Robert P. Flood and Peter M. Garber
- w0683 May 1981 The Decline in Black Teenage Employment: 1950-1970
John F. Cogan
- w0669 May 1981 The Federal Attack on Labor Market Discrimination: The Mouse that Roared?
Charles Brown
- w0680 May 1981 Inflation, Capital Taxation, and Monetary Policy
Martin Feldstein
- w0670 May 1981 Indexing and Inflation
Stanley Fischer
- w0679 May 1981 Has the Rate of Investment Fallen?
Martin Feldstein
- w0682 May 1981 Simulating Nonlinear Tax Rules and Nonstandard Behavior: An Application to the Tax Treatment of Charitable Contributions
Martin Feldstein and Lawrence B. Lindsey
- w0681 May 1981 Alternative Tax Rules and Personal Savings Incentives: Microeconomic Data and Behavioral Simulations
Martin Feldstein and Daniel Feenberg
- w0677 May 1981 Estimated Output, Price, Interest Rate, and Exchange Rate Linkages amongCountries
Ray C. Fair
- w0676 May 1981 Quantity and Elasticity Spillovers onto the Labor Market: Theory and Evidence on Sluggishness
Allan Drazen, Daniel S. Hamermesh, and Norman P. Obst
- w0678 May 1981 Information and Capital Markets
Joseph E. Stiglitz
- w0671 May 1981 Training, Tenure, and Productivity
Frank R. Lichtenberg
- w0672 May 1981 A Competitive Theory of Monopoly Unionism
Edward P. Lazear
- w0674 May 1981 Have Angels Done More? The Steel Industry Consent Decree
Casey Ichniowski
- w0675 May 1981 Wage-Employment Contracts: Global Results
Jerry R. Green and Charles M. Kahn
- w0673 May 1981 A Reexamination of Tax Distortions in General Equilibrium Models
Don Fullerton and Roger H. Gordon
- r0166 May 1981 On Search and Equilibrium Price Distributions
Joseph E. Stiglitz
- r0163 May 1981 An Econometric Model of Tenure Choice and Demand for Housing as a Joint Decision
Mervyn A. King
- w0656 April 1981 Minimum Wages and the Demand for Labor
Daniel S. Hamermesh
- w0653 April 1981 Indexation of the Minimum Wage with Rational Expectations
Herschel I. Grossman
- w0668 April 1981 Wives' Labor Force Participation, Wage Differentials and Family Income Inequality: The Israeli Experience
Reuben GRonau
- w0654 April 1981 Early Retirement Pension Benefits
Jeremy I. Bulow
- w0660 April 1981 Raw Materials, Profits, and the Productivity Slowdown (Rev)
Michael Bruno
- w0652 April 1981 The Federal Minimum Wage, Inflation, and Employment
John F. Boschen and Herschel I. Grossman
- w0664 April 1981 Profitability and Stability in International Currency Markets
John F. O. Bilson
- w0665 April 1981 Business Cycles and Growth: Some Reflections and Measures
Victor Zarnowitz
- w0667 April 1981 Expected Interruptions in Labor Force Participation and Sex Related Differences in Earnings Growth
Yoram Weiss
- w0661 April 1981 Taxation and Corporate Pension Policy
Irwin Tepper
- w0662 April 1981 Suit and Settlement vs. Trial: A Theoretical Analysis under Alternative Methods for the Allocation of Legal Costs
Steven Shavell
- w0657 April 1981 Housing Behavior and the Experimental Housing Allowance Program: What Have We Learned?
Harvey S. Rosen
- w0655 April 1981 The Effects of Government Regulation on Teenage Smoking
Eugene M. Lewit, Douglas Coate, and Michael Grossman
- w0663 April 1981 Distributional Implications of Imperfect Capital Markets
Joon Koo Lee
- w0659 April 1981 The Effect of Social Security on Retirement in the Early 1970s
Michael D. Hurd and Michael J. Boskin
- w0658 April 1981 Real Exchange Rate Adjustment and the Welfare Effects of Oil Price Decontrol
Paul R. Krugman
- r0160 April 1981 Why Is There Mandatory Retirement?
Edward P. Lazear
- r0158 April 1981 Real User Costs and the Demand for Single-Family Housing
Patric H. Hendershott
- r0155 April 1981 Rational Expectations, Business Cycles, and Government Behavior
Herschel I. Grossman
- r0156 April 1981 Uncertainty, Industrial Structure, and the Speed of R&D
Partha Dasgupta and Joseph E. Stiglitz
- w0666 April 1981 Currency Baskets and Real Effective Exchange Rates
William H. Branson and Louka T. Katseli
- w0645 March 1981 The Relative Stability of Money and Credit "Velocities" in the United States: Evidence and Some Speculations
Benjamin M. Friedman
- w0650 March 1981 Some Theoretical Aspects of Base Control
Charles Freedman
- t0010 March 1981 Granger-Causality and Stabilization Policy
Willem H. Buiter
- w0642 March 1981 The Relation between Vocational Training in High School and Economic Outcomes
Alan L. Gustman and Thomas L. Steinmeier
- w0638 March 1981 Accelerating Inflation, Technological Innovation, and the Decreasing Effectiveness of Banking Regulation
Edward J. Kane
- w0649 March 1981 Dividend Yields and Stock Returns: A Test for Tax Effects
Patrick J. Hess
- w0639 March 1981 Nested Tests of Alternative Term-Structure Theories
Edward J. Kane
- w0648 March 1981 International Capital Flows under Full Monetary Equilibrium: An Empirical Analysis
John H. Makin
- w0647 March 1981 Exchange Rate Behavior under Full Monetary Equilibrium: An Empirical Analysis
John H. Makin
- w0646 March 1981 Multiple Time-Serie3 Models Applied to Panel Data
Thomas E. MaCurdy
- w0651 March 1981 Consumption Preferences, Asset Demands, and Distribution Effects in International Financial Markets
Paul R. Krugman
- w0641 March 1981 Foreign Takeovers of Swedish Firms
Robert E. Lipsey and Birgitta Swedenborg
- w0644 March 1981 Balance of Payments and the Foreign Exchange Market: A Dynamic Partial Equilibrium Model
Pentti J.K. Kouri
- w0643 March 1981 The Effect of Risk on Interest Rates: A Synthesis of the Macroeconomic and Financial Views
Pentti J.K. Kouri
- w0640 March 1981 Deregulation, Savings and Loan Diversification, and the Flow of Housing Finance
Edward J. Kane
- w0250 March 1981 The Effects of Taxation on the Selling of Corporate Stock and the Realization of Capital Gains
Martin Feldstein, Joel Slemrod, and Shlomo Yitzhaki
- r0148 March 1981 The Consumer Price Index and the Measurement of Recent Inflation
Alan S. Blinder
- w0629 February 1981 The Real Price of Oil and the 1970s World Inflation
Michael R. Darby
- w0625 February 1981 Explanations of Exchange Rate Volatility and Other Empirical Regularities in Some Popular Models of the Foreign Exchange Market
Robert P. Flood
- w0637 February 1981 Issues in the Design of Saving and Investment Incentives
David F. Bradford
- w0631 February 1981 When Is a Positive Income Tax Optimal?
Fischer Black
- w0636 February 1981 On the Predictability of Tax-Rate Changes
Robert J. Barro
- w0626 February 1981 A Model of Stochastic Process Switching
Robert P. Flood and Peter M. Garber
- w0635 February 1981 Process Consistency and Monetary Reform: Further Evidence and Implications
Robert P. Flood and Peter M. Garber
- w0628 February 1981 Trade Policy and Import Competition under Fluctuating Prices
Paul Strebel and Shabtai Donnenfeld
- w0632 February 1981 Self-Selection and Pareto Efficient Taxation
Joseph E. Stiglitz
- w0634 February 1981 Involuntary Terminations under Explicit and Implicit Employment Contracts
James L. Medoff and Katharine G. Abraham
- w0627 February 1981 The Adequacy of Savings
Laurence J. Kotlikoff and Lawrence H. Summers
- w0630 February 1981 Monetarist Principles and the Money Stock Growth Rule
Bennett T. McCallum
- w0633 February 1981 The Impact of Unions on the Labor Market for White and Minority Youth
Harry J. Holzer
- r0141 February 1981 The Economics of Tax Policy toward Savings
David F. Bradford
- r0144 February 1981 The Effect of Wages, Taxes and Fixed Costs on Women's Labor Force Participation
Jerry A. Hausman
- w0619 1981 Social Security, Bequests, and the Life Cycle Theory of Saving: Cross-Sectional Tests
Alan S. Blinder, Roger H. Gordon, and Donald E. Wise
- w0620 1981 Inventories and Sticky Prices: More on the Microfoundations of Macroeconomics
Alan S. Blinder
- w0617 1981 Black-White Earnings Ratios Since the Civil Rights Act of 1964: The Importance of Labor Market Dropouts
Charles Brown
- w0614 1981 Asset Holdings and the Life Cycle
Mervyn A. King and Louis Dicks-Mireaux
- w0615 1981 Variations in Infant Mortality Rates among Counties in the United States: The Roles of Social Policies and Programs
Michael Grossman and Steven Jacobowitz
- w0623 1981 Wage-Employment Contracts (Replaced by W0675)
Jerry R. Green
- w0616 1981 The Elusive Incidence of the Corporate Income Tax: The State Case
Charles E. McLure, Jr.
- w0624 1981 An Intertemporal Analysis of Taxation and Work Disincentives: An Analysis of the Denver Income Maintenance Experiment
Thomas E. MaCurdy
- w0621 1981 Output Fluctuations and Gradual Price Adjustment
Robert J. Gordon
- w0613 1981 Is the Maximum Tax on Earned Income Effective?
Lawrence B. Lindsey
- w0622 1981 The Real Interest Rate: An Empirical Investigation
Frederic S. Mishkin
- w0618 1981 The Role of Seniority at U.S. Work Places: A Report on Some New Evidence
James L. Medoff and Katharine G. Abraham
- w0230 1981 Family Size and the Distribution of Per Capita Income
Edward P. Lazear and Robert T. Michael
- w0205 1981 Structural Models of Interest Rate Determination and Portfolio Behavior in the Corporate and Government Bond Markets
Benjamin M. Friedman and V. Vance Roley
- r0136 1981 The Optimal Tradeoff Between the Probability and Magnitude of Fines
A. Mitchell Polinsky and Steven Shavell
- r0132 1981 Real Income Equivalence Among One-Earner and Two-Earner Families
Edward P. Lazear and Robert T. Michael
- r0134 1981 The 'Overtaking' Point Revised
Charles Brown
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