Inflation and unemployment plagued the U S economy during the decade of the seventies Some economic models suggest that inflation and unemployment are bi-polar events - they cannot occur at the same time This article reviews two models that have been in the economics literature since the...

Farm-retail price spreads and the farmer's share of the consumer's dollar have long been the concern of both producers and consumers, as well as legislative bodies and other public policy groups. The farm-retail price spread for many farm products is a large part of the retail price—about...

The "Unemployment Compensation Amendments of 1976" are expected to provide income protection for about two-fifths of all hired agricultural workers. The program became effective in January 1978. Of these insured workers, three-tenths are expected to receive benefits, expected to average about 14...

Some 6.2 million, or one-eighth, of the 1975 nonmetro population lived in metro areas 5 years earlier. Metro/nonmetro migrants more than replaced the 5.1 million persons moving in the opposite direction, except among young adults, blacks, and the college educated. In their occupation, industry,...

A fifth of employed nonmetropolitan household heads engaged in intercounty job commuting in 1975 Such commuting was positively associated with income, but not with education Only a sixth of recent migrants to nonmetro communities from metro areas continued work at metro jobs, indicating a...

Opinions differ among economists as to how effective statistical analyses using time series data can be in identifying factors affecting demand and in measuring their influences. Although this presentation may not materially modify these opinions, it should at least succeed in making even the...

Costs of seven methods of handling beef by retail firms are explored, considering number and size of stores per firm and distance from the packer. The least costly method is centralized cutting into retail cuts by retail firms. Larger store size reduced per unit costs significantly for all...

There are a number of estimation methods available to the econometrician. They range in complexity from least squares, which takes only a few minutes with pencil and paper for a simple problem, to full information maximum likelihood, which requires a large-capacity electronic computer for...