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Now showing items 21-30 of 30
Social Saving of the Panama Canal
(Vanderbilt University, 2004)
At the time when the Panama Canal was handed over to Panama, most people believed that the Canal was of little material worth to the United States. However, what was the value of this canal to the United States in the ...
A Model Selection Test for Bivariate Failure-Time Data
(Vanderbilt University, 2004)
In this paper, we address two important issues in survival model selection for censored data generated by the Archimedean copula family; method of estimating the parametric copulas and data reuse. We demonstrate that for ...
Substitution and Risk Aversion: Is Risk Aversion Important for Understanding Asset Prices?
(Vanderbilt University, 2004)
This paper uses a recursive time-non-separable expected utility function to separate between the intertemporal elasticity of substitution (IES) and a measure of relative risk aversion to bets in terms of money (RAM). Risk ...
Quantifying Inflation Pressure and Monetary Policy Response in the United States
(Vanderbilt University, 2004)
We propose a methodology for constructing operational indices of inflation pressure, the monetary authority's effort to reduce this pressure, and the degree to which inflation pressure is alleviated. We begin with model ...
Open-Access Scholarly Publishing: In Economic Perspective
(Vanderbilt University, 2004)
What is the prospect for migrating scholarly journals from paper to digital formats in a way that lowers university expenditures? Although many journals are published digitally, at least so far, the digital format complements ...
Wage bargaining under the National Labor Relations Act
(Vanderbilt University, 2004)
Sections 8(a)(3) and 8(a)(5) of the National Labor Relations Act prohibit a firm from unilaterally increasing the wage it pays the union during the negotiation of a new wage contract. To understand this regulation, we study ...
Inequality in Child Academic Achievement in Single Parent Households: Evidence from Brazil
(Vanderbilt University, 2004)
In this paper we compare the intra-household dispersion of children's education achievement in single female-parent households with two-parent households. We find significantly more dispersion across children in households' ...
More Power to the Pill:The Impact of Contraceptive Freedom on Women's Life Cycle Labor Supply
(Vanderbilt University, 2004)
The release of Enovid in 1960, the first birth control pill, afforded U.S. women unprecedented freedom to plan childbearing and their careers. This paper uses plausibly exogenous variation in state consent laws to evaluate ...
Investing in Health: The Long-Term Impact of Head Start
(Vanderbilt University, 2004)
Head Start is a comprehensive, early childhood development program designed to augment the human capital and health capital levels of disadvantaged children. Grossman's (1972) health capital model suggests that early ...
The Sensitivity of Capital Use to Price in Higher Education
(Vanderbilt University, 2004)
We test whether U.S. colleges and universities adjust their physical capital intensity to differences in factor prices by regressing the square feet of space per student on construction prices across institutions. The ...