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