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Crime, Ethics and Occupational Choice: Endogenous Sorting in a Closed Model
(Vanderbilt University. Dept. of Economics, 2004-01-20)
We consider a simple model in which agents are endowed with heterogeneous abilities and differing degrees of honesty. Agents choose either to become criminals or invest in education and become workers instead. The model ...
Labor Market for New Ph.D.s in 2002
(Vanderbilt University. Dept. of Economics, 2004-01)
This paper reports results from a survey of the labor market experience of the 2001-02 class of Ph.D. economists. We estimate that 850 economics Ph.D.s were awarded by U.S. universities in 2001-02, down about 100 from five ...
Impact of Cash Transfers on Child Labor and School Attendance in Brazil, The
(Vanderbilt University. Dept. of Economics, 2004-04)
The paper estimates the impact on school attendance and child labor of conditional cash payments to poor families in Brazil. It describes Brazil's transfer programs and presents statistics on school attendance and child ...
The Dispersion of Intra-Household Human Capital Across Children: A Measurement Strategy and Evidence
(Vanderbilt University. Dept. of Economics, 2004-04)
Human capital accumulation has long been recognized as critical to economic growth and development. In recent years focus on the intra-household distribution of human capital has intensified both theoretically and empirically. ...
Ideology, Government, and the American Dilemma
(Vanderbilt University. Dept. of Economics, 2004-05)
This essay, written in honor of the economic historian Robert Higgs, surveys the economic history of African Americans from the end of slavery to the present day. This history, I argue, was largely one of convergence. ...
Investment Under Monetary Uncertainty: A Panel Data Investigation
(Vanderbilt University. Dept. of Economics, 2004-04)
There is a presumption in the literature that price or exchange rate uncertainty, or uncertainty in the monetary conditions underlying them, will have a negative effect on investment. Some argue that this negative effect ...
The Economic Aftermath of the 1960s Riots in American Cities: Evidence from Property Values
(Vanderbilt University. Dept. of Economics, 2004-05)
In the 1960s numerous cities in the United States experienced violent, race-related civil disturbances. Although social scientists have long studied the causes of the riots, the consequences have received much less attention. ...
Strategy-Proofness and the Tops-Only Property
(Vanderbilt University. Dept. of Economics, 2004-04)
A social choice function satisfies the tops-only property if the chosen alternative only depends on each person's report of his most-preferred alternatives on the range of this function. On many domains, strategy-proofness ...
Public Good Provision and the Comparative Statics of Optimal Nonlinear Income Taxation
(Vanderbilt University. Dept. of Economics, 2004-06)
Comparative static properties of the solution to an optimal nonlinear income tax problem are provided for a model in which the government both designs an income tax schedule for redistributive purposes and provides a public ...
The Wage Gains of African-American Women in the 1940s
(Vanderbilt University. Dept. of Economics, 2004-06)
The weekly wage gap between black and white female workers narrowed by 15 percentage points during the 1940s. We employ a semi-parametric technique to decompose changes in the distribution of wages. We find that changes ...