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1657 publications found
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Working Paper No.143
01 June 1995
The Productivity Effects of Human Resource Management Practices
AbstractNo further information available.
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Public Policy Brief No.21
09 May 1995
The Consolidated Assistance Program
AbstractIn this brief, Oren M. Levin-Waldman examines the structure of existing welfare programs and concludes that the current array of benefits could be synchronized and consolidated to create a new system that would provide economic incentives to work. He suggests combining elements of the earned income tax credit (EITC) and current welfare programs into one program, a consolidated assistance program (CAP). Levin-Waldman argues that a program composed of an assistance component (with one set of benefits for working parents and a different set for nonworking parents) and a child support component could be designed to assure minimal subsistence to those unable to work while providing incentives for those on welfare to work without, in effect, penalizing them for getting off welfare. Such a program would reform welfare more expeditiously than a plan that would simply expand the EITC or put a time limit on welfare benefits. Moreover, such a plan would not necessarily add to the national budget deficit.
Download Public Policy Brief No. 21, 1995 PDF (8.73 MB) -
Working Paper No.142
01 May 1995
Industrial Change and Social Mobility
AbstractNo further information available.
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Working Paper No.141
01 May 1995
Financial Innovation and Risk Management
AbstractNo further information available.
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Working Paper No.140
01 May 1995
The Deficiencies of the Unemployment Insurance System
AbstractNo further information available.
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Public Policy Brief No.20
08 April 1995
Assessing the Constitutional Route to Federal Budget Balance
AbstractCharles J. Whalen evaluates the political and economic arguments in favor of a constitutional amendment requiring a balanced budget and concludes that, although today’s federal budget process needs reform, the balanced budget amendment is not a solution. In fact, such an amendment would divert attention from what is really needed, namely, establishing priorities and making difficult decisions concerning the deficit. It would be damaging to both the economic and the political systems of the United States. He recommends budget alternatives—a full-employment budget, an investment budget, a narrowly defined federal capital budget, a biennial budget—that would give the budgeting process more direction and encourage more restraint than the amendment would.
Download Public Policy Brief No. 20, 1995 PDF (7.24 MB) -
Public Policy Brief No.19
05 April 1995
Cooperate to Compete
AbstractTakao Kato outlines the types of human resource management practices (HRMPs) used in Japan and the effect of these employee participation programs on employee productivity and economic competitiveness. From these findings about the effects of HRMPs on Japanese productivity, Kato draws several conclusions for the direction that American policy might take in order to raise productivity in the United States. He advocates encouraging the diffusion of participatory HRMPs (both information-sharing and financial), supporting these programs once they are adopted, and recognizing the beneficial role of unions in employee participation. As to the role of government in fostering these programs, Kato found that in Japan government has played an informal and indirect role, primarily in the areas of data gathering, information dissemination, and education, rather than a direct role through interventions such as tax incentives (which are currently available to US firms adopting financial HRMPs).
Download Public Policy Brief No. 19, 1995 PDF (148.10 KB) -
Working Paper No.139
01 April 1995
On Stock Market Returns and Monetary Policy
AbstractNo further information available.
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Working Paper No.138
01 April 1995
US Foreign Trade, the Budget Deficit, and Strategic Policy Problems
AbstractNo further information available.
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Working Paper No.137
01 February 1995
Closing the R&D Gap
AbstractNo further information available.
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Working Paper No.136
01 February 1995
Statistical Inference via Bootstrapping for Measures of Inequality
AbstractNo further information available.
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Public Policy Brief No.18
04 January 1995
The Economics of Aging
AbstractS. Jay Levy presents a preliminary study of the consumption patterns of retirees and nonretirees during the 1980s, paying particular attention to the distribution of the national consumer product. The consumer product increased in aggregate size during the period, but the retirees’ portion of it grew four times faster than the working households’ share. Indeed, the standard of living for much of the working population declined. Levy finds that the incremental portion of the “economic pie” absorbed by retirees is tantamount to a “tax” on nonretirees that falls most heavily on lower-income people. Although analysts anticipate a peak in the proportion of retirees to workers in the population around the year 2025, Levy asserts that problems created by this situation are, to a serous degree, already present. He recommends raising the retirement age and encouraging retirees to engage in public service activities. He believes, however, that the fundamental issue in enlarging the economic pie for everyone is unemployment. Levy cites as results of unemployment the increasingly common early retirement programs and the unwillingness of employers to undertake the costs of training older workers. He also contrasts the policies of the early postwar era that emphasized economic growth and enterprise with contemporary policies that are influenced by the interests of retirees in preserving their income and wealth.
Download Public Policy Brief No. 18, 1995 PDF (4.46 MB) -
Working Paper No.135
01 January 1995
Explaining Japan’s Saving Rate
AbstractNo further information available.
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Public Policy Brief No.17
01 January 1995
Narrow Banking Reconsidered
AbstractThe functional approach to reforming the financial system advocates the structural separation of the depository and lending functions of banks. As a result of such a separation, monetary and credit policy undergo a parallel separation, and government supervision and regulation of the banking industry are modified. The policy prescription developed within this approach is narrow banking, the creation of separate monetary and financial service companies with the elimination of or a substantial reduction in deposit insurance. Narrow banking not only meets the safety and soundness goals of bank regulation, but also maintains an institutional structure that accommodates market forces and technological innovation. The author recommends the creation of monetary service companies that would serve strictly a payments function and would hold only safe assets and the establishment by the federal government of a mutual fund that holds only government securities as assets.
Download Public Policy Brief No. 17, 1995 PDF (188.89 KB) -
Working Paper No.134
01 January 1995
Aggregate Demand and Micro Behavior
AbstractNo further information available.
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Working Paper No.133
01 January 1995
Monetary Policy, Stock Returns, and the Role of Credit in the Transmission of Monetary Policy
AbstractNo further information available.
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Working Paper No.132
01 January 1995
Federal Budget Balance—Tonic or Toxin?
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Working Paper No.131
01 December 1994
The Earned Income Tax Credit and the Need to Synchronize Public Assistance Benefits
AbstractNo further information available.
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Working Paper No.130
01 December 1994
Can We Afford Grandma and Grandpa?
AbstractNo further information available.
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Working Paper No.129
01 December 1994
The Credibility of the Federal Reserve’s Monetary Targets
AbstractNo further information available.
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Public Policy Brief No.16
10 November 1994
Infrastructure Investment for Tomorrow
AbstractThe author presents a long-term public investment proposal to preserve and upgrade the nation’s infrastructure system, offering a unique financing plan to eliminate much of the backlog of deferred maintenance that plagues America’s roads and bridges. The plan would allow states and municipalities to get out from under this burden with a one-time upgrading program, and then attain a new capacity to maintain and improve their infrastructure networks. Regan concludes that the goal of long-term investing is “to make possible sustained growth, improved productivity, and a strengthened private sector” for the next generation. A program to upgrade the nation’s infrastructure base could help the United States achieve this goal.
Download Public Policy Brief No. 16, 1994 PDF (10.52 MB) -
Working Paper No.128
01 November 1994
Should the US Government Adopt a Biennial Budget?
AbstractNo further information available.
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Working Paper No.127
01 October 1994
Financial Instability and the Decline(?) of Banking
AbstractNo further information available.
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Working Paper No.126
01 October 1994
Financial Institutions, Economic Policy, and the Dynamic Behavior of the Economy
AbstractNo further information available.
Download Working Paper No. 126 PDF (1.87 MB)