One major finding of this paper is that prices in most basic materials producing industries are responsive to demand while prices in most finished goods producing industries are not. If the reverse were true, stabilization policies would. have more effect in the short run on prices and less...

This study argues that the aggregative specifications often used to examine wage differentials fail to control for important demographic variations in wage patterns. In testing how postal wages compare to wages in the private sector, the authors therefore introduce interaction terms to control...

The United States has lost 3 million manufacturing jobs in recent years. Are economists being too sanguine about manufacturing strength? This economist argues that they are. We are losing ground in manufacturing knowledge and R&D.

It is the price behavior in primary manufacturing industries and its implication for general inflation that is the subject of this paper. The industries comprising primary manufacturing are quite diverse. They differ with respect to labor and capital intensity, domestic and international market...