Showing papers by "National Bureau of Economic Research published in 1971"
TL;DR: In this paper, an earnings model was proposed and an explanatory variable analysis was carried out to evaluate the explanatory variables of the model, and the results showed that the model outperformed other models.
Abstract: I. An earnings model, 21. —II. Analysis of the explanatory variables, 23.—III. Empirical analysis, 33.—IV. Conclusion, 38.
110 citations
TL;DR: Then in his second semester at Eastern District High School, he gave up working in school altogether as mentioned in this paper, "I don't really know why, and I don't want to rationalize about it, but it may have been that...
65 citations
TL;DR: In this article, the authors proposed a revised investment deflator for the 1954-1963 period which rises much more slowly than the official index and declines relative to a revised price index for consumption expenditures.
Abstract: The official U.S. price deflators for investment goods continue to be based on defective methodology, despite frequent criticism in recent years. This paper contributes new price information, which is combined with the empirical results from other studies to yield a revised investment deflator for the 1954–1963 period which (a) rises much more slowly than the official index and (b) declines relative to a revised price index for consumption expenditures.
24 citations
TL;DR: In this article, the authors use a simple modification of the common excess demand and supply frame of reference to analyze the implications of discrimination in markets for capital funds and find that rates of return increase with farm size, and since Negroes operate smaller farms it is possible that discrimination has served as an impediment to expansion.
Abstract: Recent empirical investigations have estimated differential earnings of white and nonwhite labor and education and have interpreted these differences as the combined effects of many forms of economic discrimination. In this paper we use a relatively straightforward model to analyze the implications of discrimination in markets for capital funds. The model is designed to focus upon intermarket flows of goods, in this case white to black, and represents a simple modification of the common excess demand and supply frame of reference. The empirical evidence suggests that earned rates of return do not vary with the race of farm operators as most "theories" of discrimination would suggest. However, there is evidence that rates of return increase with farm size, and since Negroes operate smaller farms it is possible that discrimination has served as an impediment to expansion.