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Journal Article
NAFTA and the Midwest
Proceedings of the October 2, 1992 meeting of the Fourth District Economists' Roundtable, which looked at the North American Free Trade Agreement's likely impact on the U.S. and Midwest economies.
Working Paper
Unionization and cost of production: compensation, productivity, and factor-use effects
A demonstration that unionization can affect cost of production through increases in compensation, through shifts in technologies, and through deviations from the least-cost combination of inputs (the factor-use effect).
Working Paper
Public infrastructure and regional economic development: a simultaneous equations approach
A study of how public capital stock impacts regional economic development, which jointly models the effects of local public infrastructure on personal income and the effect of personal income on the allocation of local public outlays.
Journal Article
Regional wage convergence and divergence: adjusting wages for cost-of- living differences
An examination of the divergence of U.S. regional fortunes in the early 1980s, showing that once regional prices are factored in, relative wage rates continue to converge across regions. The trend in regional wage variation is also shown to be attributable to declining differences in labor market valuations of worker attributes, rather than to shifts in the regional composition of the workforce.
Journal Article
Can R&D be the RX for the midwest?
A discussion of the reasons for, and effects of, lower overall R&D spending by Midwest firms as compared to East and West Coast firms, with a comparative analysis of the influence of the shortfall on sales and regional economic growth.
Working Paper
Identifying productivity and amenity effects in interurban wage differentials
This study focuses on the relative importance of amenity and productivity differences in determining wage differentials across urban areas. The approach developed takes advantage of the connection between land and labor market clearing conditions required for locational equilibrium of households and firms. Data on recent movers are used to estimate equilibrium wages and rents for a sample of metropolitan areas. This information is then used to identify amenity and productivity components of wages for each city in the sample. Using national estimates of the relative share of land in ...
Journal Article
Is this really a "white-collar recession"?
An analysis of whether the economic downturn that began in mid-1990 hit white-collar workers disproportionately hard. The authors examine the issue from several perspectives and find overwhelming evidence to the contrary.