Download or read book The Closing of the Gender Gap as a Roy Model Illusion written by Casey B. Mulligan and published by . This book was released on 2004 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rising wage inequality within-gender since 1975 has created the illusion of rising wage equality between genders. In the 1970's, women were relatively equal (to each other) in terms of their earnings potential, so that nonwage factors may have dominated female labor supply decisions and nonworking women actually had more earnings potential than working women. By 1990, wages had become unequal enough that they dominated nonwage factors, so that nonworking women tended to be the ones with less earnings potential, and the wage gap between workers and nonworkers was large. Accounting for the growing selection bias using both parametric and semi-parametric versions of the Roy model, we show how the earning power of the median woman has not caught up to the earning power of a median man, even while the earning power of the median working woman has. As an illustration, we give some attention to wives with advanced degrees %uF818 they have high and stable labor force participation rates %uF818 and show how their measured wages have grown at about the same rate as those of men with advanced degrees.
Download or read book The Sex of Class written by Dorothy Sue Cobble and published by Cornell University Press. This book was released on 2015-02-24 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Women now comprise the majority of the working class. Yet this fundamental transformation has gone largely unnoticed. This book is about how the sex of workers matters in understanding the jobs they do, the problems they face at work, and the new labor movements they are creating in the United States and globally. In The Sex of Class, twenty prominent scholars, labor leaders, and policy analysts look at the implication of this "sexual revolution" for labor policy and practice. In clear, crisp prose, The Sex of Class introduces readers to some of the most vibrant and forward-thinking social movements of our era: the clerical worker protests of the 1970s; the emergence of gay rights on the auto shop floor; the upsurge of union organizing in service jobs; worker centers and community unions of immigrant women; successful campaigns for paid family leave and work redesign; and innovative labor NGOs, cross-border alliances, and global labor federations. The Sex of Class reveals the animating ideas and the innovative strategies put into practice by the female leaders of the twenty-first-century social justice movement. The contributors to this book offer new ideas for how government can help reduce class and sex inequalities; they assess the status of women and sexual minorities within the traditional labor movement; and they provide inspiring case studies of how women workers and their allies are inventing new forms of worker representation and power.
Download or read book Big Bad Banks written by Thorsten Beck and published by World Bank Publications. This book was released on 2007 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policymakers and economists disagree about the impact of bank regulations on the distribution of income. Exploiting cross-state and cross-time variation, we test whether liberalizing restrictions on intra-state branching in the United States intensified, ameliorated, or had no effect on income distribution. We find that branch deregulation lowered income inequality. Deregulation lowered income inequality by affecting labor market conditions, not by boosting the business income of the poor, nor by enhancing educational attainment. Reductions in the earnings gap between men and women and between skilled and unskilled workers account for the bulk of the explained drop in income inequality.
Download or read book Women in Taiwan written by Ya-chen Chen and published by University Press. This book was released on 2009 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the English-language publication market, this book is one of the earliest, and perhaps the first academic book focusing on Taiwanese women and gender issues from the late Qing Dynasty to the twenty-first century. It features the interrelations between cultural trends and women in Taiwan. In most current Western research and academic institution, Taiwanese studies deals with modern Taiwan since the Qing Dynasty or the Opium War to the contemporary era, and usually belongs to the division of Chinese studies or modern Chinese studies in the overall area of Asian studies. Historically and socioculturally, however, cultural dimensions in Taiwan are not exactly the same as those in mainland China and Hong Kong. This book sets itself apart by providing a bird's-eye view of gender issues impacted by diverse cultures in Taiwan from the Japanese colonial era to the present century.
Download or read book The Journal of Economic Perspectives written by and published by . This book was released on 2006 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: This journal attempts to fill a gap between the general-interest press and other academic economics journals. Its articles relate to active lines of economics research, economic analysis of public policy issues, state-of-the-art economic thinking, and directions for future research. It also aims to provide material for classroom use, and to address issues relating to the economics profession.
Download or read book Unbalanced Growth written by Kala Krishna and published by . This book was released on 2004 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: "We study a model designed to understand the concept of unbalanced growth. We define leading sectors to be those that raise the profits from industrialization for other sectors the most. We identify the leading sectors and show that subsidizing them in sequences will raise welfare if the future is not discounted too strongly"--NBER website
Download or read book There is a Risk return Tradeoff After All written by Eric Ghysels and published by . This book was released on 2004 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the ICAPM intertemporal relation between the conditional mean and the conditional variance of the aggregate stock market return. We introduce a new estimator that forecasts monthly variance with past daily squared returns %u2013 the Mixed Data Sampling (or MIDAS) approach. Using MIDAS, we find that there is a significantly positive relation between risk and return in the stock market. This finding is robust in subsamples, to asymmetric specifications of the variance process, and to controlling for variables associated with the business cycle. We compare the MIDAS results with tests of the ICAPM based on alternative conditional variance specifications and explain the conflicting results in the literature. Finally, we offer new insights about the dynamics of conditional variance.
Download or read book Industrial and Labor Relations Review written by and published by . This book was released on 2014 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Predicting Volatility written by Eric Ghysels and published by . This book was released on 2004 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: We consider various MIDAS (Mixed Data Sampling) regression models to predict volatility. The models differ in the specification of regressors (squared returns, absolute returns, realized volatility, realized power, and return ranges), in the use of daily or intra-daily (5-minute) data, and in the length of the past history included in the forecasts. The MIDAS framework allows us to compare models across all these dimensions in a very tightly parameterized fashion. Using equity return data, we find that daily realized power (involving 5-minute absolute returns) is the best predictor of future volatility (measured by increments in quadratic variation) and outperforms model based on realized volatility (i.e. past increments in quadratic variation). Surprisingly, the direct use of high-frequency (5-minute) data does not improve volatility predictions. Finally, daily lags of one to two months are sucient to capture the persistence in volatility. These findings hold both in- and out-of-sample.
Download or read book The Economics of Women Men and Work written by Francine D. Blau and published by Prentice Hall. This book was released on 2006 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: A current summary and synthesis of research and data on gender issues in the labor market, this book presents readers with a single volume that thoroughly explores gender issues in the workplace and in the family.Chapter topics include women and men: changing roles in a changing economy, the family as an economic unit, the allocation of time between the household and the labor market, differences in occupations and earnings, recent developments in the labor market, changing work roles and the family, and gender differences in other countries.For use by practicing economists and social scientists, and for men and women interested in learning about their place within-and effect upon-the labor market.
Download or read book NBER Reporter written by National Bureau of Economic Research and published by . This book was released on 2004 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economic Value of Cultural Diversity written by Gianmarco I. P. Ottaviano and published by . This book was released on 2004 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: "What are the economic consequences to U.S. natives of the growing diversity of American cities? Is their productivity or utility affected by cultural diversity as measured by diversity of countries of birth of U.S. residents? We document in this paper a very robust correlation: US-born citizens living in metropolitan areas where the share of foreign-born increased between 1970 and 1990, experienced a significant increase in their wage and in the rental price of their housing. Such finding is economically significant and survives omitted variable bias and endogeneity bias. As people and firms are mobile across cities in the long run we argue that, in equilibrium, these correlations are consistent only with a net positive effect of cultural diversity on productivity of natives"--NBER website
Download or read book Demographic Changes and International Factor Mobility written by John F. Helliwell and published by . This book was released on 2004 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper reviews the extent and policy implications of linkages between demographic changes and international factor mobility. Evidence is found of significant demographic effects on both migration and the current account, but for different reasons neither increased migration nor international transfers of savings is expected to offer much assistance in digesting the variety of demographic transitions expected over the next fifty years. The paper also examines more briefly the effects of demography on the factor content of international trade, as exemplified by offshore provision of back-office and other services previously provided closer to home. When considering the consequences of using international capital movements and especially migration to mediate international differences in demographic patterns, I broaden the focus from the usual economic variables, such as the size and distribution of incomes and employment, to consider explicit measures of well-being, which have been shown to depend on far more than economic variables. This has implications for a whole range of policies, both domestic and international, that might help deal with national and global demographic transitions"--NBER website
Download or read book The Business Review written by and published by . This book was released on 2006 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Catching up to Foreign Technology written by Giovanni Peri and published by . This book was released on 2004 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The presence of foreign multinational enterprises may benefit local economies. In particular, highly productive foreign-owned firms may promote technological catch-up of local firms. Such channel of spillovers is defined as "Veblen-Geschenkron" effect of Foreign Direct Investments and is analyzed in this article. Rather than the overall density of foreign-owned plants in a region or sector, it is their productivity advantage that determines the positive effect on domestic firms in geographical and technological proximity. We test this hypothesis using new firm-level data for German and Italian manufacturing firms during the 90's. We find evidence of a significant Veblen-Gerschenkron effect which is robust to different ways of measuring total factor productivity (TFP) of firms and to different empirical specifications"--NBER website
Download or read book How to Eliminate Pyramidal Business Groups written by Randall Morck and published by . This book was released on 2004 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Arguments for eliminating the double taxation of dividends apply only to dividends paid by corporations to individuals. The double (and multiple) taxation of dividends paid by one firm to another -- intercorporate dividends - was explicitly included in the 1930s as part of a package of tax and other policies aimed at eliminating United States pyramidal business groups. These structures remain the predominant form of corporate organization outside the United States. The first Roosevelt administration associated them with corporate governance problems, corporate tax avoidance, market power, and an objectionable concentration of economic power. Future tax reforms in the United States should mind the original intent of Congress and the President regarding intercorporate dividend taxation. Foreign governments may find the American experience of value should they desire to eliminate their business groups.
Download or read book FDI in Space written by and published by . This book was released on 2004 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Theoretical models of foreign direct investment (FDI) have only recently begun to model the role of third countries, and the empirical FDI literature has almost exclusively examined bilateral FDI data without recognizing the potential interdependence between FDI decisions to alternative host countries. This paper uses spatial econometric techniques to examine the spatial correlation between FDI to alternative (neighboring) regions. The sign of such correlations can provide evidence for or against alternative theories for FDI motivations. Using data on OECD countries from 1980-2000, we find evidence consistent with export platform FDI in Europe"--NBER website
