Much has been written about how the Labor Department's unemployment rate understates the real level of joblessness. It does not include discouraged workers or those in part-time jobs who would prefer to have full-time work, and it also does not account for the changes in the age and gender of...

Since the publication of Axel Leijonhufvud's classic “Life among the Econ,†anthropological interest in the species Econ has waned. Unfortunately, one of the omissions from his analysis was a study of life among the tribes to which the unsuccessful grads were exiled. This article looks...

Despite ongoing structural reforms, many European countries continue to suffer high rates of unemployment relative to the United States. The authors argue that reported unemployment statistics for both the EU-15 countries and the United States understate the degree of unemployment. Their work is...

The authors of this article review the late E. Lynn Turgeon's contributions to economics, including his studies of the Soviet economy, use of qualitative and demographic analyses, his Keynesian critique of U.S. economic performance, and his critique of international financial markets. Turgeon's...

We estimate a model of crime using panel data for the U.S. We focus on the role of labor markets, income distribution, and demographics on property crime. We find strong evidence that favorable labor market conditions have a significant negative effect on property crime. We further test this...

Many papers have analyzed the factors affecting economic growth. However, these have concentrated on direct effects and ignored indirect effects through other variables in the model. This study investigates direct and indirect effects of various factors on growth with a causal growth model using...

Understanding the factors determining economic growth has been a major concern for economists and governing bodies for many years. The Solow growth model and the endogenous growth models are the main theories tested and used in the growth literature. This paper discusses the main contributions...