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How Does the Market Use Citation Data? The Hirsch Index in Economics

Ellison, Glenn - 2010

A large literature following Hirsch (2005) has proposed citation-based indexes that could be used to rank academics. This paper examines how well several such indexes match labor market outcomes using data on the citation records of young tenured economists at 25 U.S. departments. Variants of...

Persistent link: https://www.econbiz.de/10013137591

The Incubator of Human Capital : The NBER and the Rise of the Human Capital Paradigm

Goldin, Claudia; Katz, Lawrence F. - 2022

human capital theory brought the NBER into the modern era of economics …The human capital construct is deep in the bones of economics and finds reference by many classical economists, even if … they did not use the phrase. The term “human capital,” seldom mentioned in economics before the 1950s, increased starting …

Persistent link: https://www.econbiz.de/10014100574

The Contribution of a Monetary History of the United States : 1867 to 1960 to Monetary History

Bordo, Michael D. - 2021

This paper assesses the role of Friedman and Schwartz's "A Monetary History of the United Slates: 1867 to 1960" as a progenitor of research in monetary history. The paper critically surveys the literature on three major themes in the book: monetary disturbances; the domestic monetary framework...

Persistent link: https://www.econbiz.de/10013310581

Estimating the Recession-Mortality Relationship When Migration Matters

Arthi, Vellore - 2017

A large literature following Ruhm (2000) suggests that mortality falls during recessions and rises during booms. The panel-data approach used to generate these results assumes that either there is no substantial migration response to temporary changes in local economic conditions, or that any...

Persistent link: https://www.econbiz.de/10012954452

Misallocation, Establishment Size, and Productivity

Bento, Pedro - 2016

We consider a tractable model of heterogeneous production units that features endogenous entry and productivity investment to assess the quantitative impact of policy distortions on aggregate output and establishment size. Relative to the standard factor misallocation framework, policy...

Persistent link: https://www.econbiz.de/10012979762

Trends in the Transitory Variance of Male Earnings in the U.S., 1970-2004

Moffitt, Robert A. - 2011

We estimate the trend in the transitory variance of male earnings in the U.S. using the Michigan Panel Study of Income Dynamics from 1970 to 2004. Using both an error components model as well as simpler but only approximate methods, we find that the transitory variance started to increase in the...

Persistent link: https://www.econbiz.de/10013129122

Fairness and Redistribution : U.S. Versus Europe

Alesina, Alberto F. - 2011

Different beliefs about how fair social competition is and what determines income inequality, influence the redistributive policy chosen democratically in a society. But the composition of income in the first place depends on equilibrium tax policies. If a society believes that individual effort...

Persistent link: https://www.econbiz.de/10013134300

U.S. International Capital Flows : Perspectives from Rational Maximizing Models

Hodrick, Robert J. - 2010

This paper examines several aspects of the debate about the causes of the U.S. current account deficit in the 1980's. It surveys several popular explanations before developing two theoretical models of international capital flows. The first model is Ricardian, and it extends the analysis of...

Persistent link: https://www.econbiz.de/10013135000

Endogenous Capital Utilization and Productivity Measurement in Dynamic Factor Demand Models : Theory and an Application to the U.S. Electrical

Prucha, Ingmar R. - 2010

Studies of the firm's demand for factor inputs often assume a constant rate of utilization of the inputs and ignore the fact that the firm can simultaneously choose the level and the rate of utilization of its inputs. In particular, the literature on dynamic factor demand models has, until...

Persistent link: https://www.econbiz.de/10013139928

The Role of Automatic Stabilizers in the U.S. Business Cycle

McKay, Alisdair - 2013

Most countries have automatic rules in their tax-and-transfer systems that are partly intended to stabilize economic fluctuations. This paper measures how effective they are. We put forward a model that merges the standard incomplete-markets model of consumption and inequality with the new...

Persistent link: https://www.econbiz.de/10013082764

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