Journal•ISSN: 0095-2583
Economic Inquiry
Wiley-Blackwell
About: Economic Inquiry is an academic journal published by Wiley-Blackwell. The journal publishes majorly in the area(s): Wage & Monetary policy. It has an ISSN identifier of 0095-2583. Over the lifetime, 3479 publications have been published receiving 125300 citations.
Topics: Wage, Monetary policy, Population, Interest rate, Unemployment
Papers published on a yearly basis
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TL;DR: In this paper, the authors evaluate the methods to measure the welfare costs of monopolies and tariffs in the United States and evaluate the validity of the measurements, based on the Ebsco equation.
Abstract: Evaluates the methods to measure the welfare costs of monopolies and tariffs in the United States. Concerns of the economists; Presentation of equation; Validity of measurements. (Из Ebsco)
2,023 citations
TL;DR: This paper found that single women exhibit relatively more risk aversion in financial decision-making than single men, and that the proportion of wealth held as risky assets is higher for single women than for single men.
Abstract: We find that single women exhibit relatively more risk aversion in financial decision making than single men. Using U.S. sample data, we examine household holdings of risky assets to determine whether there are gender differences in financial risk taking. As wealth increases, the proportion of wealth held as risky assets is estimated to increase by a smaller amount for single women than for single men. Gender differences in financial risk taking are also influenced by age, race, and number of children. Greater financial risk aversion may provide an explanation for women's lower levels of wealth compared with men's. (JEL J16, D81, G11)
1,674 citations
TL;DR: In this article, self-control, mental accounting, and framing are incorporated in a behavioral enrichment of the life-cycle theory of saving called the Behavioral Life Cycle (BLC) hypothesis.
Abstract: Self-control, mental accounting, and framing are incorporated in a behavioral enrichment of the life-cycle theory of saving called the Behavioral Life-Cycle (BLC) hypothesis. The key assumption of the BLC theory is that households treat components of their wealth as nonfungible, even in the absence of credit rationing. Specifically, wealth is assumed to be divided into three mental accounts: current income, current assets, and future income. The temptation to spend is assumed to be greatest for current income and least for future income. Considerable empirical support for the BLC theory is presented, primarily drawn from published econometric studies.
1,426 citations
TL;DR: In this paper, the authors present a comprehensive and inte- grated analysis of job search, which is characterized by incomplete information and search is conducted in an optimal manner, and a variety of job-search models are studied in this microeconomic setting.
Abstract: Part I of this survey presents a comprehensive and inte- grated analysis of job search. The labor market is characterized by incomplete information and search is conducted in an optimal manner. A variety of job search models are studied in this microeconomic setting. The paper contains a number of new results. Part 11 of the survey [to appear in the September 1976 issue of Economic Inquiry] addresses the empirical and policy implications of search theory.
1,109 citations
TL;DR: The role of cognitive and noncognitive ability in shaping adult outcomes and the role of families in creating these abilities are discussed, as well as adverse trends in American families.
Abstract: American society is polarizing. Proportionately more American youth are graduating from college than ever before. At the same time, American-born youth are graduating from high school at lower rates than 40 years ago. This paper reviews and interprets these trends. The origins of inequality are examined and policies to alleviate it are analyzed. Families play a powerful role in shaping adult outcomes. The accident of birth is a major source of inequality. Recent research by Cunha and Heckman (2007a, 2008b) shows that about half of the inequality in the present value of lifetime earnings is due to factors determined by age 18. Compared to 50 years ago, relatively more American children are being born into disadvantaged families where investments in children are smaller than in advantaged families. Policies that supplement the child rearing resources available to disadvantaged families reduce inequality and raise productivity.
1,044 citations