In most academic circles, inquiring into the value and/or success of education has been considered akin to questioning motherhood. Economic research on the "value"of education has centred largely on two issues; the first one being human capital theory and the structure of earnings, and the...

The adverse reaction to the Economic Council's proposal last year to increase tuition fees for higher education was not surprising. Students in post-secondary institutions, and the families of which they are part, comprise a significant and growing proportion of the Canadian population. Recent...

The concept of stable Phillips curves and their economic implications have been the subject of a series of disputes in recent years. Since Phillips introduced his simple disequilibrium model,empirical research in the field of wage determination has indicated a wide spectrum of explanatory...

As demonstrated in a recent paper, quarterly models of wage determination are highly sensitive, both with respect to parametric estimates and statistical inferences, to the specification of institutional features in the labour market. In the context of these sensitivities, this paper attempts to...

In his A.E.A. Presidential Address, Tobin points out that due to the continuing controversy over the concept of a stable Phillips curve, the institutional features of the labour market have been largely ignored. Hence, the purpose of this paper is twofold: (1) to present an analytical framework...

Economists are frequently compelled to use data which take inappropriate forms. One particular deficiency is discussed in the paper below; namely, the prior adjustment of economic time-series by moving average transformations. This discussion is restricted to regression analyses and data which...