Infrastructure capital, the structures and equipment that comprise "the basic systems that bridge distance and bring productive inputs together" (Cisneros 2010), is a vital input into the productive capacity of any economy. It is often claimed that the US fails to invest sufficiently in its own...

The integrated macroeconomic accounts (IMAs), produced jointly by the Bureau of Economic Analysis (BEA) and the Federal Reserve Board (FRB), present a sequence of accounts that relate income, saving, investment in real and financial assets, and asset revaluations to changes in net worth. In this...

In Australia, pay awards by government tribunals cover nearly the entire work force, and those awards set equal pay for comparable union and nonunion workers. Union members may, however, secure higher compensation through plant-level bargaining. This study uses 1984-88 panel data to estimate the...