State Budget Deficit Dynamics and the California Debacle

By Steven M. Sheffrin

Journal of Economic Perspectives, Spring 2004

This paper analyzes the recent experience with state budget deficits in the United States, with an in-depth analysis of the California experience. Compared to prior recessions, states were slower to make adjustments in taxes and spending this time. The pa...

Policy Watch: Trade Adjustment Assistance

By Katherine Baicker and Marit M. Rehavi

Journal of Economic Perspectives, Spring 2004

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Spring 2004

Comments

Journal of Economic Perspectives, Spring 2004

Race and Marriage in the Labor Market: A Discrimination Correspondence Study in a Developing Country

By Eva O. Arceo-Gomez and Raymundo M. Campos-Vazquez

American Economic Review, May 2014

In Mexico, as in most Latin American countries with indigenous populations, it is commonly believed that European phenotypes are preferred to mestizo or indigenous phenotypes. However, it is hard to test for such racial biases in the labor market using of...

Has Moral Hazard Become a More Important Factor in Managerial Compensation?

By George-Levi Gayle and Robert A. Miller

American Economic Review, December 2009

We estimate a principal-agent model of moral hazard with longitudinal data on firms and managerial compensation over two disjoint periods spanning 60 years to investigate increased value and variability in managerial compensation. We find exogenous gro...

Notes

Journal of Economic Perspectives, Spring 2004

Development, Growth and Policy Reform in the Middle East and North Africa since 1950

[Symposium: Middle East]

By Tarik M. Yousef

Journal of Economic Perspectives, Summer 2004

The September 11 terrorist attacks ignited global interest in the Middle East. Observers in the region and abroad were quick to highlight the development "deficits" in Middle Eastern countries which have been linked to everything from structural economic ...

Are We Consuming Too Much?

By Kenneth Arrow, Partha Dasgupta, Lawrence Goulder, Gretchen Daily, Paul Ehrlich, Geoffrey Heal, Simon Levin, Karl-Göran Mäler, Stephen Schneider, David Starrett, and Brian Walker

Journal of Economic Perspectives, Summer 2004

This paper articulates and applies frameworks for examining whether consumption is excessive. We consider two criteria for the possible excessiveness (or insufficiency) of current consumption. One is an intertemporal utility-maximization criterion: actual...

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Summer 2004

Comments

Journal of Economic Perspectives, Summer 2004

Notes

Journal of Economic Perspectives, Summer 2004

The European Union: A Politically Incorrect View

[Symposium: The Transformation of Europe]

By Alberto Alesina and Roberto Perotti

Journal of Economic Perspectives, Fall 2004

In this paper, we present our view of the recent evolution of European integration. We first briefly describe the main features of the institution and decision making process in the European Union, with particular attention to the debate between federalis...

Why are European Countries Diverging in their Unemployment Experience?

[Symposium: The Transformation of Europe]

By Gilles Saint-Paul

Journal of Economic Perspectives, Fall 2004

During the nineties, unemployment fell in a number of European countries while it remained high in others. This Paper discusses potential causes for that evolution in light of recent economic research, emphasizing obstacles to reform due to political cons...

The Muddles over Outsourcing

By Jagdish Bhagwati, Arvind Panagariya, and T.N. Srinivasan

Journal of Economic Perspectives, Fall 2004

Critics have muddled the public debate over offshore outsourcing by using the term interchangeably to refer to altogether different phenomena such as on-line purchase of services, direct foreign investment and, sometimes, all imports. We argue that clarit...

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Fall 2004

Notes

Journal of Economic Perspectives, Fall 2004

What is Economic Sociology and Should any Economists Care?

[Symposium: Sociology and Economics]

By Robert Gibbons

Journal of Economic Perspectives, Winter 2005

Identity and the Economics of Organizations

[Symposium: Sociology and Economics]

By George A. Akerlof and Rachel E. Kranton

Journal of Economic Perspectives, Winter 2005

The economics of organizations is replete with the pitfalls of monetary rewards and punishments to motivate workers. If economic incentives do not work, what does? This paper proposes that workers' self-image as jobholders, coupled with their ideal as to ...

The Impact of Social Structure on Economic Outcomes

[Symposium: Sociology and Economics]

By Mark Granovetter

Journal of Economic Perspectives, Winter 2005