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Browsing by Duke Department "Economics"

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Browsing by Duke Department "Economics"

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  • Building Criminal Capital behind Bars: Peer Effects in Juvenile Corrections*
    Bayer, Dr Patrick; Hjalmarsson, Randi; Pozen, David (Quarterly Journal of Economics, 2009)
    This paper analyzes the influence that juvenile offenders serving time in the same correctional facility have on each other's subsequent criminal behavior. The analysis is based on data on over 8,000 individuals serving ...
  • Burning a hole in the budget: Tobacco spending and its crowd-out of other goods
    Falba, Prof Tracy; Busch, Susan; Jofre-Bonet, Mireia; Sindelar, Jody (Appl Health Econ Health Policy, 2004)
    Smoking is an expensive habit. Smoking households spend, on average, more than $1000 annually on cigarettes. When a family member quits, in addition to the former smokers improved long term health, families benefit because ...
  • Calculating Comparable Statistics from Incomparable Surveys, with an Application to Poverty in India
    Tarozzi, Alessandro (Journal of Business and Economic Statistics, 2006)
    Applied economists are often interested in studying trends in important economic indicators, such as inequality or poverty, but comparisons over time can be made impossible by changes in data collection methodology. We ...
  • Can prospect theory explain risk-seeking behavior by terminally ill patients?
    Rasiel, Emma; Weinfurt, Kevin; Schulman, Kevin (Medical Decision Making, 2005)
    Patients with life-threatening conditions sometimes appear to make risky treatment decisions as their condition declines, contradicting the risk-averse behavior predicted by expected utility theory. Prospect theory ...
  • The Capital Asset Pricing Model: An Evaluation of Its Potential As a Strategic Planning Tool
    Naylor, Thomas; Tapon, Francis (Management Science, 1982-10)
    In this paper we provide a summary of the capital asset pricing model (CAPM) and point out how it might possibly be used as a tool for strategic planning by corporations that own a portfolio of businesses. We also point ...
  • A Capital Asset Pricing Model with Time Varying Covariances
    Bollerslev, Tim; Engle, Robert F.; Wooldridge, Jeffrey M. (Journal of Political Economy, 1988)
    The capital asset pricing model provides a theoretical structure for the pricing of assets with uncertain returns. The premium to induce risk-averse investors to bear risk is proportional to the nondiversifiable risk, which ...
  • Capital deepening response in an economy with heterogeneous capital goods
    Burmeister, Edwin; Turnovsky, S. J (1972)
    Capital deepening is an important con- cept in traditional capital theory. In a one-sector model it has an unambiguous definition, describing an increase in the physical capital-labor ratio...
  • Capital Trading, Stock Trading, and the Inflation Tax on Equity
    Chami, Ralph; Cosimano, Thomas F.; Fullenkamp, Connel (SSRN eLibrary, 2000)
    A market for used capital goods, or financial instruments that represent the ownership of the used capital goods, induces inflation taxes on wealth and on the nominal income flows they provide. This paper explicitly ...
  • Capital Trading, Stock Trading, and the Inflation Tax on Equity: A Note
    Baier, Scott L.; Carlstrom, Charles T.; Chami, Ralph; Cosimano, Thomas F.; Fuerst, Timothy S.; Fullenkamp, Connel (SSRN eLibrary, 2003)
    l Trading, Stock Trading, and the Inflation Tax on Equity," Chami, Cosimano, and Fullenkamp (2001) (hereafter, CCF) analyze a cash-in-advance model in which capital goods are explicitly traded. The authors show that there ...
  • Capital Utilization and Returns to Scale
    Burnside, A. Craig; Eichenbaum, Martin; Rebelo, Sergio (The University of Chicago Press, 1995)
    This paper studies the implications of procyclical capital utilization rates for inference regarding cyclical movements in labor productivity and the degree of returns to scale. We organize our investigation around five ...
  • Capturing a College Education’s Impact on Industry Wages Across Time: An Analysis of Academic Factors that Affect Earnings
    Low, Ian (2012-04-15)
    Studying how a college education can impact one’s wages has always been an area of interest amongst labor and education economists. While previous studies have stressed using single academic factors (i.e. college major ...
  • Carrots and Sticks: Fertility Effects of China's Population Policies
    McElroy, Marjorie; Yang, Dennis Tao (American Economic Review, 2000)
    For 20 years following 1948, average total fertility per woman in China hovered just above six children. The year 1970 marked the beginning of persistent fertility declines. By 1980, the rate had dropped to 2.75, and scine ...
  • Carry Trade: The Gains of Diversification
    Burnside, Craig; Eichenbaum, Martin; Rebelo, Sergio (Journal of the European Economic Association, 2008-04-01)
    Market participants routinely take advantage of the failure of uncovered interest rate parity to speculate in currency markets. Perhaps the most widely used currency speculation strategy is the carry trade. In this article ...
  • Case Study of Variables in Retirement Policy, A
    Kreps, J. M (U.S. Bureau of Labor Statistics, 1961)
    The 1960's may bring us full circle in the evolution of retirement policy. In conrtast with the depression era of the 1930's, when compulsory retirement was viewed as a means of rationing scarce jobs, the tight labor market ...
  • The Causal Direction Between Money And Prices: An Alternative Approach
    Hoover, Dr Kevin (Journal of Monetary Economics, 1990)
    Causality is viewed as a matter of control. Controllability is captured in Simon’s analysis of causality as an asymmetrical relation of recursion between variables in the unobservable data-generating process. Tests of ...
  • Causality in Economics and Econometrics
    Hoover, Dr Kevin (SSRN eLibrary, 2006)
    An entry for the New Palgrave Dictionary of Economics. Traces the history of causality in economics and econometrics since David Hume. Examines the main modern approaches to causal inference.
  • Causation, Spending, and Taxes: Sand in the Sandbox or Tax Collector for the Welfare State?
    Hoover, Dr Kevin; Sheffrin, Steven M. (The American Economic Review, 1992)
    Causal relations between federal expenditure and taxation are analyzed using an approach based on the invariance of econometric relationships in the face of structural interventions. Institutional evidence for interventions ...
  • Cell Phones and Cattle: The Impact of Mobile Telephony on Agricultural Productivity in Developing Nations
    Houghton, Daniel (2009)
    This paper examines the impact of mobile telephony on productivity in developing nations. Previous studies have suggested that mobile phones have real impacts on economic outcomes in these countries. Using micro-data ...
  • Changing the Boston School Choice Mechanism
    Abdulkadiroglu, Dr Atila; Pathak, Parag; Roth, Alvin E.; Sonmez, Tayfun (SSRN eLibrary, 2006)
    05 the Boston School Committee voted to replace the existing Boston school choice mechanism with a deferred acceptance mechanism that simplifies the strategic choices facing parents. This paper presents the empirical case ...
  • Child Nutrition in India in the Nineties
    Tarozzi, Alessandro; Mahajan, Aprajit (Economic Development and Cultural Change, 2007)
    India experienced several years of fast economic growth during the 1990s, and according to many observers this period also saw a considerable decline in poverty, especially in urban areas. We use data from two rounds of ...