The Review of Economics and Statistics

1969 - 2025

Current editor(s): Pierre Azoulay, Olivier Coibion, Will Dobbie, Raymond Fisman, Benjamin R. Handel, Brian A. Jacob, Kareen Rozen, Xiaoxia Shi, Tavneet Suri and Yi Xu

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Volume 73, issue 4, 1991

Age Variations in Risk Perceptions and Smoking Decisions pp. 577-88

W Viscusi

Perceived Risk and the Marginal Value of Safety pp. 589-96

Douglas Gegax, Shelby Gerking and William Schulze

The Job Search Behavior of Employed Youth pp. 597-604

Donald Parsons

The Effect of Hours Constraints on Labor Supply Estimates pp. 605-11

Shulamit Kahn and Kevin Lang

Differential Economic Opportunity, Transferability of Skills, and Immigration to the United States and Canada pp. 612-23

Michael J Greenwood and John McDowell

An Econometric Technique for Comparing Median Voter and Oligarchy Choice Models of Collective Action: The Case of the NATO Alliance pp. 624-31

James Murdoch, Todd Sandler and Laurna Hansen

Profit Rates and Intangible Capital pp. 632-42

Pamela Megna and Dennis Mueller

Disequilibrium, Buffer Stocks and Consumers' Expenditure on Non-durables pp. 643-53

Keith Cuthbertson and David Barlow

Finite Mixture Estimation of Multiproduct Cost Functions pp. 654-64

Thomas Beard, Steven B Caudill and Daniel Gropper

Long-Run Income and Interest Elasticities of Money Demand in the United States pp. 665-74

Dennis Hoffman and Robert Rasche

State Characteristics and the Location of Foreign Direct Investment within the United States pp. 675-83

Cletus Coughlin, Joseph Terza and Vachira Arromdee

Measuring the Quality of Life across Countries pp. 684-93

Daniel Slottje

Combining Farrell Frontier and Hedonic Travel Cost Models for Valuing Estuarine Quality pp. 694-99

V. Smith, Raymond B Palmquist and Paul Jakus

Zoning, Returns to Scale, and the Value of Undeveloped Land pp. 699-704

David Brownstone and Arthur De Vany

Work Characteristics, Firm Size and Wages pp. 705-10

Christoph Schmidt and Klaus Zimmermann

Employer Size and Dual Labor Markets pp. 710-15

James Rebitzer and Michael Robinson

Information Services, Private Bureaucracies, and Japan's Comparative Advantage pp. 716-19

Hans-Jurgen Engelbrecht

Sheepskin Effects in the Returns to Education: An Examination on Women and Minorities pp. 720-24

Dale Belman and John Heywood

Narrowing the Black-White Gap in Child Literacy in 1910: The Roles of School Inputs and Family Inputs pp. 725-28

Price Fishback and John S Baskin

Superstardom in Popular Music: Empirical Evidence pp. 729-33

Hamlen, William A,

Political Business Cycles with Endogenous Election Timing: Evidence from Japan pp. 733-39

Thomas Cargill and Michael Hutchison

Patterns of Research Output and Author Concentration in the Economics Literature pp. 740-47

Raymond Cox and Kee H Chung

The Demand for Money: A Rational Expectations Approach: A Comment pp. 747-49

Maxwell J Fry and Wilma Wadhwa

The Demand for Money: A Rational Expectations Approach: A Comment pp. 749-51

Rosemary Rossiter

The Demand for Money: A Rational Expectations Approach: Reply pp. 752-54

Donald Dutkowsky and William G Foote

Volume 73, issue 3, 1991

Generalized Q Models for Investment pp. 383-92

Marzio Galeotti and Fabio Schiantarelli

The Effects of Tax Policy on Investment in Agriculture pp. 393-400

Robert Halvorsen

Technological Capabilities and Japanese Foreign Direct Investment in the United States pp. 401-13

Bruce Kogut and Sea Jin Chang

Property Rights versus Public Spirit: Ownership and Efficiency of U.S. Electric Utilities Prior to Rate-of-Return Regulation pp. 414-23

William Hausman and John Neufeld

The Cost Structure of American Research Universities pp. 424-31

Hans de Groot, Walter W McMahon and J Fredericks Volkwein

Internal Rent Capture and the Profit-Concentration Relation pp. 432-40

Ralph Bradburd, Thomas Pugel and Katrina Pugh

New-Firm Survival and the Technological Regime pp. 441-50

David Audretsch

The Incentive Effects of Dismissals, Efficiency Wages, Piece-Rates and Profit-Sharing pp. 451-59

Kornelius Kraft

Modeling Charitable Giving Using a Box-Cox Standard Tobit Model pp. 460-70

R Hamilton Lankford and James Wyckoff

The Quantitative Consequences of Raising the U.S. Saving Rate pp. 471-79

Kenneth Lewis and Laurence Seidman

Variations in the Response of Real Output to Aggregate Demand Shocks: A Cross-Industry Analysis pp. 480-88

Magda Kandil

An Empirical Analysis of Ex Ante Profits from Forward Speculation in Foreign Exchange Markets pp. 489-96

Fabio Canova

An Admissible Monetary Aggregate for the United Kingdom pp. 497-503

Michael Belongia and K Alec Chrystal

Are OSHA Health Inspections Effective? A Longitudinal Study in the Manufacturing Sector pp. 504-08

Wayne Gray and Carol Adaire Jones

Nonpecuniary Rewards in the Workplace: Demand Estimates Using Quasi-market Data pp. 508-12

Linda C Cavalluzzo

Reexamining the Wage, Tenure and Experience Relationship pp. 512-17

Nicolas Williams

Displacement Induced Joblessness pp. 517-22

Christopher Ruhm

The Bias Due to Omitting Quality When Estimating Automobile Demand pp. 522-25

Gregory A Trandel

The Impact of Participation in Intercollegiate Athletics on Income and Graduation pp. 525-31

James E Long and Steven B Caudill

Price Fixing: The Probability of Getting Caught pp. 531-36

Peter G Bryant and Edwin Eckard

Hedonic Prices for a Nondurable Good: The Case of Breakfast Cereals pp. 537-41

Linda R Stanley and John Tschirhart

Joint Adoption of Microcomputer Technologies: An Analysis of Farmers' Decisions pp. 541-46

Wallace Huffman and Stephanie Mercier

Geographical Integration and the Retail CD-Pricing Decisions of Large Depository Institutions pp. 546-52

Elizabeth S Cooperman, Winson B Lee and James LeSage

Exchange Rates, Policy Convergence, and the European Monetary System pp. 553-58

Ronald MacDonald and Mark Taylor

Purchasing Power Parity and the Canadian Float in the 1950s pp. 558-63

Taufiq Choudhry, Robert McNown and Myles Wallace

The Restricted Least Squares Estimator: A Pedagogical Note pp. 563-67

William Greene and Terry G Seaks

A Note on Spurious Inference in a Linearly Detrended Vector Autoregression pp. 568-71

Lee Ohanian

Leveling the Peaks and Troughs of the Demographic Cycle: An Application to School Enrollment Rates: A Comment pp. 572-75

Evangelos Falaris and Elizabeth Peters

Leveling the Peaks and Troughs of the Demographic Cycle: An Application to School Enrollment Rates: A Reply pp. 575-76

Michael L Wachter and William Wascher

Volume 73, issue 2, 1991

A Test of the Habit Formation Hypothesis Using Household Data pp. 189-99

Dale Heien and Catherine Durham

Estimating the Impact of the Soviet Union's Threat on the United States-Japan Alliance: A Demand System Approach pp. 200-207

Minoru Okamura

Chaos Theory and Microeconomics: An Application to Model Specification and Hedonic Estimation pp. 208-15

Steven Craig, Janet Kohlhase and David Papell

The Duration of Employment Opportunities in U.S. Manufacturing pp. 216-27

Timothy Dunne and Mark Roberts

Unemployment Insurance and the Rate of Re-employment of Displaced Workers pp. 228-35

Bruce Fallick

Workers' Compensation and Moral Hazard pp. 236-44

Georges Dionne and Pierre St-Michel

In Search of a "Strictly Rational" Forecast pp. 245-53

Carl Bonham and Douglas C Dacy

Business Cycle Duration Dependence: A Parametric Approach pp. 254-60

Daniel Sichel

Linkages and Vertical Integration in the Chinese Economy pp. 261-67

Alberto Heimler

The Concentration/Conduct Relationship in Bank Deposit Markets pp. 268-76

Paul S Calem and Gerald Carlino

Buyer Structure and Seller Performance in U.S. Manufacturing Industries pp. 277-84

Ute Schumacher

Taxes, Tariffs and Transfer Pricing in Multinational Corporate Decision Making pp. 285-93

Harry Grubert and John Mutti

Exports and Foreign Distributional Activities: Evidence on Japanese Firms in the United States pp. 294-300

Hideki Yamawaki

An Empirical Test of the Free Rider and Market Power Hypotheses pp. 301-08

Willard F Mueller and Frederick E Geithman

The Profitability of Price Fixing: Evidence from Stock Market Reaction to Federal Indictments pp. 309-17

Jean-Claude Bosch and Edwin Eckard

A Generalized Index of Diversification: Trends in U.S. Manufacturing pp. 318-30

Frank Gollop and James L Monahan

Testing Bureaucratic Influence on Local School Expenditures by Comparing Survey and Expenditure Data pp. 331-35

Paul Gary Wyckoff

How Instructors Make a Difference: Panel Data Estimates from Principles of Economic Courses pp. 336-40

Michael Watts and William Bosshardt

Economic Growth, Technical Change Biases, and the Elasticity of Substitution: A Test of the De La Grandville Hypothesis pp. 340-46

Ky-hyang Yuhn

The Reliability of ML Estimators of Systems of Demand Equations: Evidence from OECD Countries pp. 346-53

Saroja Selvanathan

Costly Adjustment under Rational Expectations: A Generalization pp. 353-58

Mohammad Pesaran

The Role of Commodity Prices in Formulating Monetary Policy pp. 358-65

Brian J Cody and Leonard O Mills

On the Rationality of Forecasts pp. 365-70

Bong-Soo Lee

Confidence Intervals for Welfare Measures with Application to a Problem of Truncated Counts pp. 370-73

Michael Creel and John Loomis

The Estimation of Frictional Unemployment: A Stochastic Frontier Approach pp. 373-77

Ronald Warren

Errors in Import-Demand Estimates Based upon Unit-Value Indexes pp. 378-82

Clinton R Shiells

Volume 73, issue 1, 1991

Is Consumption Too Smooth? Long Memory and the Deaton Paradox pp. 1-9

Francis Diebold and Glenn Rudebusch

Money, Output, and the Expected Real Interest Rate pp. 10-17

Behzad Diba and Seonghwan Oh

On the Frequency of Large Stock Returns: Putting Booms and Busts into Perspective pp. 18-24

Dennis Jansen and Casper de Vries

Employment, Unemployment and Demand Shifts in Local Labor Markets pp. 25-32

Harry Holzer

Municipal Capital Maintenance and Fiscal Distress pp. 33-39

Mary Bumgarner, Jorge Martinez-Vazquez and David Sjoquist

The Effect of Fringe Benefits on Employment Fluctuations in U.S. Automobile Manufacturing pp. 40-49

David J Smyth and Stephen H Karlson

The Dynamics of Real Estate Prices pp. 50-58

Bradford Case and John Quigley

Intra-urban Mobility, Migration, and Tenure Choice pp. 59-68

Thomas P Boehm, Herzog, Henry W, and Alan M Schlottmann

Union Coverage and Profitability among U.S. Firms pp. 69-77

Barry Hirsch

The Effects of Interstate Banking on Commercial Banks' Risk and Profitability pp. 78-84

Beng Chong

Health Plan Choice and the Utilization of Health Care Services pp. 85-93

Bryan Dowd

Estimation of State-Dependent Utility Functions Using Survey Data pp. 94-104

William Evans and W Viscusi

Undocumented Immigration and Unemployment of U.S. Youth and Minority Workers: Econometric Evidence pp. 105-12

C R Winegarden and Lay Boon Khor

A Multivariate Posterior Odds Approach to Assessing Competing Exchange Rate Models pp. 113-24

Jeffrey Fuhrer and Kenneth J Weiller

The Dynamics of Uncertainty or the Uncertainty of Dynamics: Stochastic J-Curves pp. 125-33

Jaime Marquez

Lorenz Dominance and Welfare: Changes in the U.S. Distribution of Income, 1967-1986 pp. 134-39

John A Bishop, John P Formby and W. James Smith

Education Match and Job Match pp. 140-44

Joni Hersch

Wages, Nonwage Job Characteristics and the Search Behavior of Employees pp. 145-51

Hans van Ophem

Turnover in Child Care Arrangements pp. 152-57

David Blau and Philip Robins

Demand Uncertainty and the Capital-Labor Ratio: Evidence from the U.S. Manufacturing Sector pp. 157-61

Vivek Ghosal

Gamma Duration Models with Heterogeneity pp. 161-66

Richard J Butler and John D Worrall

The Market for Safety Regulation and the Effect of Regulation on Fatalities: The Case of Motorcycle Helmet Laws pp. 167-72

Tim Sass and J Paul Leigh

Does Analysis Matter? Economics and Planning in the Department of the Interior pp. 172-76

Robert Farrow

External Adjustments and Exchange Rate Flexibility: Some Evidence from U.S. Data pp. 176-81

Yoonbai Kim

Double Length Regressions for Testing the Box-Cox Difference Transformation pp. 181-85

Timothy Park

A Comparison of Two-Stage Estimators of Censored Regression Models pp. 185-88

Thomas Zuehlke and Allen R Zeman