Research Papers in Economics
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The German Slump: Politics and Economics 1924–1936. By Harold James. Oxford: Clarendon Press, 1986. Pp. xvi. 469. $57.00.
No full textThe Automobile and Urban Transit: The Formation of Public Policy in Chicago, 1900–1930. By Paul Barrett. Philadelphia: Temple University Press, 1983. Pp. vii, 295.
No full textEconomic Thought Thorstein Veblen and His Critics, 1891–1963: Conservative, Liberal, and Radical Perspectives. By Rick Tilman. Princeton, New Jersey: Princeton University Press, 1992. Pp. xxi, 356. $39.50.
No full textIncome Inequality in the United States, 1947–1985. By Nan L. Maxwell. Westport, CT: Greenwood Press, 1989. Pp. xiv, 213. $42.95.
No full textNo Strength Without Union: An Illustrated History Of Ohio Workers, 1803–1980. By Raymond Borcyczka and Lorin Lee Cary. Columbus, Ohio: The Ohio Historical Society, 1982. Pp. xi, 328. $19.95.
No full textState-Making and Labor Movement: France and the United States, 1876–1914. By Gerald Friedman. Ithaca, NY: Cornell University Press, 1998. Pp. xiv, 317. $55.00.
No full textAfrica Slaves, Spices and Ivory in Zanzibar: Integration of an East African Commercial Empire into the World Economy, 1770–1873. By Abdul Sheriff. Athens: Ohio University Press, 1987. Pp. xx, 297. 15.95 paper.
No full textNon-performance of the Severance Pay Program in Slovenia
Full text linkCombining information from the Firm Survey of Labor Costs with the information about claims filed with the Guarantee Fund by workers whose employers defaulted on their severance pay obligations, the paper analyzes the so-called non-performance problem of severance pay – the fact that coverage, and thus legal entitlement, does not guarantee the actual receipt of the benefit – as experienced in Slovenia in 2000. The findings are threefold: (i) one-third of total obligations incurred by firms failed to be honored and only a small portion of defaulted severance pay claims was reimbursed by the Guarantee Fund; (ii) while both men and women seem to be equally affected, workers older than 40 were disproportionally represented among those whose severance pay claims failed to be honored; and, (iii) among firms that incurred severance pay liabilities, larger and more productive firms were more likely to observe their fiduciary obligations and pay them out. These findings corroborate the weaknesses of severance pay as an income protection program, pointing to the large scale of the non-performance problem and the inequities created by it.severance pay; severance pay non-performance; Guarantee Fund; Slovenia
Advertising for attention in a consumer search model
Full text linkWe model the idea that when consumers search for products, they first visit the firm whose advertising is more salient. The gains a firm derives from being visited early increase in search costs, so equilibrium advertising increases as search costs rise. This may result in lower firm profits when search costs increase. We extend the basic model by allowing for firm heterogeneity in advertising costs. Firms whose advertising is more salient and therefore raise attention more easily charge lower prices in equilibrium and obtain higher profits. As advertising cost asymmetries increase, aggregate profits increase, advertising falls and welfare increases.Advertising; attention; consumer search; saliency;
An Analysis of Political and Institutional Power Dispersion: The Case of Turkey
Full text linkThis study examines the effects of fragmented governments and fiscal authorities on budget deficits in Turkey along with political business cycle effects. For econometric analysis we will use annual data from the period of 1960-2009. This paper sheds light on various dispersion indices and their use in the field of political power and fiscal performance. The results show that the power dispersion indices of governments and fiscal institutions significantly explain the increases in the ratio of budget deficit to GNP. The paper draws attention to the unification and better coordination of fiscal authorities in Turkey. The analysis has important policy implications for Turkey and other developing countries from the viewpoint of fragmented political and administrative dispersion of power and poor budget performances.Political Business Cycles, Fragmentation and Power Dispersion, Public Budget, Turkey, Statistical Indices