This empirical note finds that nonwhite migration is positively and significantly affected by welfare levels and that welfare levels in turn are positively and significantly affected by nonwhite migration. Thus, this two stage least squares analysis of 1960-1970 net interstate migration lends...

This study provides current empirical evidence on the impact of net U.S. government borrowing (budget deficits) on the nominal interest rate yield on ten-year Treasury notes. The model includes an ex ante real short-term real interest rate yield, an ex ante real long-term interest rate yield,...

This study empirically investigates the impact of AFDC (welfare) policies, per capita property taxation, and per capita local government spending on net in-migration by race to SMSAs for the period 1965-1970. The empirical results imply that black migrants on average are attracted to SMSAs with...

This study critiques a prior study of migration determinants according to race, i.e., white migration versus nonwhite migration, to central cities in the U.S. We find evidence strongly suggesting simultaneity bias. In addition, the specification in the article being evaluated is flawed because...

This empirical study seeks to identify determinants of the Presidential approval rating in the United States. Instrumental variables estimation reveals that, over the 1960-1997 study period, the Presidential approval rating was positively affected by the 1991 Gulf War (a “popular” war), a...

In this study, we examine the impact of real estate brokerage firm characteristics on real estate prices from 2008 to 2013. We focus on single-family homes and condominiums in Duval County, the largest county in the Northeast Florida real estate market. Contrary to most research findings to...

This reply extends our previous study on migration by estimating a system of simultaneous equations by two stage least squares. This set of results implies even more strongly than our original study, which was a single-equation system estimated by ordinary least squares, that in-migration is...

This extension of the rational voter model differs from prior studies in three ways: its adoption of aggregate voting data; its use of data that are non-demographic in nature; and its use of data that are time series rather than cross section. The study finds that the aggregate voter participation...

This study hypothesizes that welfare benefit levels constitute an alternative source of income to property crime. Consequently, higher welfare levels should at the margin reduce the attractiveness of perpetrating property crime. Evidence from the largest metropolitan areas in the United States...

Economic freedom increases market efficiency, growth, development, and individual prosperity. This study empirically investigates whether higher levels of economic freedom, as well as higher levels of personal freedom, act like magnets for persons residing in a free society to move. In other...