The game of baseball was an integral part of life in 20th-century America. The relation baseball had with its fans, though, evolved as the game moved from quiet pastime to a multibillion dollar business. As the presented evidence will suggest, consumer demand at the close of the 20th century was...

Several authors have recently suggested that an expanding labor pool has led to improvement in professional sports leagues’ competitive balance. The basic premise is that a rise in team player options leads to less variability in player performance and therefore increased competition. The...

We estimate the long-term impact of changes in social security and social protection spending on economic performance in the USA. We estimate a VAR model relating GDP, unemployment rates, saving rates, and social spending. Our results suggest that social spending has significant distortionary...

In this paper we describe the model structure, data, and implementation procedures for the Dynamic General Equilibrium model of the Portuguese Economy, DGEP for short. Previous versions of this model have been used to evaluate the impact of tax policy and social security reform in Portugal. More...

Using 1960-1990 census microdata, this paper presents two analyses that examine how the initial large differences in immigrant earnings by country of origin change with duration in the United States. The first analysis reveals that country of origin adds less to the explanation of earnings among...

The purpose of this paper is to examine the strength of the relationship between unemployment and GDP, the extent to which this relationship has been stable in Virginia metropolitan statistical areas (MSA) during the Great Recession and to examine the importance of regional spillovers in...

The puzzle of "uphill capital flows," where capital flows out of countries with relatively lower capital stocks and faster-growing TFP, has reattained prominence in the two decades preceding the recent financial crisis in the form of a large and persistent United States trade deficit with the...

We estimate the long-term impact of social security and social protection spending in a set of twelve EU countries. We estimate country-specific VARs relating GDP, unemployment, savings, and social spending. We find that social spending has a negative effect in most countries while the effects...