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 68, issue 4, 1986

Trends in Unemployment Duration Data pp. 545-57

Richard J Butler and James McDonald

Flexible Modelling of Time to Failure in Risky Careers pp. 558-66

Scott Atkinson and John Tschirhart

Union Rent Seeking, Intangible Capital, and Market Value of the Firm pp. 567-77

Robert Connolly, Barry Hirsch and Mark Hirschey

Empirical Models of Arbitrator Behavior under Conventional Arbitration pp. 578-85

David Bloom

Welfare Distributional Change and the Measurement of Social Mobility pp. 586-93

Daniel T Slesnick

An Interest Group Model of Direct Income Redistribution pp. 594-602

Robert D Plotnick

An Indirect Test for the Specification of Expectation Regimes pp. 603-09

Peter Orazem and John Miranowski

The Value of Administered Protection: A Capital Market Approach pp. 610-17

James C Hartigan, Philip R Perry and Sreenivas Kamma

Exports, Foreign Market Structure, and Profitability in Japanese and U.S. Manufacturing pp. 618-27

Hideki Yamawaki

The Canadian-U.S. Exchange Rate: Evidence from a Vector Autoregression pp. 628-37

David Backus

Endogeneity Testing in a Supply and Demand Framework pp. 638-46

Walter Thurman

Confidence Intervals for Elasticity Estimators in Translog Models pp. 647-56

Richard Anderson and Jerry Thursby

Sequential and Full Information Maximum Likelihood Estimation of a Nested Logit Model pp. 657-67

David Hensher

Absenteeism as a Mechanism for Approaching an Optimal Labor Market Equilibrium: An Empirical Study pp. 668-74

Lucia Dunn and Stuart A Youngblood

The Fisher Hypothesis under Different Monetary Regimes pp. 674-79

Thomas A Barthold and William Dougan

Portfolio Implications of Empirical Rejections of the Expectations Hypothesis pp. 680-84

David A Hsieh and Leonardo Leiderman

Stock Dispersion and Executive Compensation pp. 685-87

Rexford Santerre and Stephen Neun

Tax Incentives for Personal Charitable Contributions pp. 688-93

Graham Glenday, Anil K Gupta and Henry Pawlak

Entrepreneurship, Marriage, and Earnings pp. 693-99

Yue-chim Wong

Labor Supply and Investment in Child Quality: A Study of Jewish and Non-Jewish Women pp. 700-703

Barry Chiswick

International Variation in Labor Quality pp. 704-06

Thomas W Warke

Economies of Scale versus Technological Change: An Aggregate Production Function for Switzerland pp. 707-11

Dean Mountain

A Specification Test for Models Estimated by GLS pp. 711-14

Paul Boothe and James MacKinnon

On Approximating the Statistical Properties of Elasticities pp. 715-19

Itzhak Krinsky and A. Robb

Volume 68, issue 3, 1986

Multinational Enterprise Behaviour and Domestic Industry Adjustment under Import Threat pp. 359-68

Peter J Williamson

Buyers' and Sellers' Prices and Administered Behavior pp. 369-78

Howard N Ross and Joshua Krausz

Market Power in the Retail Food Industry: Evidence from Vermont pp. 379-86

Ronald Cotterill

Scarcity and World Oil Prices pp. 387-97

Morris Albert Adelman

Substitution Possibilities for Unpriced Natural Resources: Restricted Cost Functions for the Canadian Metal Mining Industry pp. 398-405

Robert Halvorsen and Tim R Smith

The Efficiency and Equity Consequences of Two-Part Tariffs in Electricity Pricing pp. 406-14

Michael C Naughton

Adoption of Competing Inventions by United States Steel Producers pp. 415-22

Stephen H Karlson

Expectations and Factor Demand pp. 423-31

Edward Kokkelenberg and Charles Bischoff

The Role of Physicians in Hospital Production pp. 432-42

Gail A Jensen and Michael Morrisey

Simultaneous Estimation of Production Functions and Capital Stocks for Developing Countries pp. 443-51

Kamran M Dadkhah and Fatemeh Zahedi

Risk and Return: Consumption Beta versus Market Beta pp. 452-59

N. Gregory Mankiw and Matthew Shapiro

Uncertainty and the Demand for Education pp. 460-67

David A Kodde

Testing for Labor Market Equilibrium with an Exact Excess Demand Disequilibrium Model pp. 468-76

Glenn Rudebusch

Human Capital Investment Specialization and the Wage Effects of Voluntary Labor Mobility pp. 477-83

John J Antel

Wage Indexation and Compensating Wage Differentials pp. 484-92

Wallace E Hendricks and Lawrence Kahn

Inflation Uncertainty and Real Economic Activity: An Alternative Approach pp. 493-500

Laurence G Kantor

Are Devaluations Contractionary? pp. 501-08

Sebastian Edward

A Disaggregated, Structural Analysis of Retirement by Race, Difficulty of Work and Health pp. 509-13

Alan Gustman and Thomas L Steinmeier

The Union Impact on Profits in the Supermarket Industry pp. 513-17

Paula B Voos and Lawrence R Mishel

Advertising as Information: An Empirical Note pp. 517-21

David Laband

Some Statistical Evidence on the Effects of Financial Innovation pp. 521-25

Ross Milbourne and H Alec Moore

Alternative Estimating Techniques for Panel Data on Strike Activity pp. 526-31

Anthony Owusu-Gyapong

The Productivity Slowdown and the Elasticity of Demand for Labor pp. 532-36

Thomas Michl

Oil Price Shocks and the Dispersion Hypothesis pp. 536-39

Prakash Loungani

Price Expectations and the Demand for Money: A Comment pp. 539-42

Rik Hafer and Daniel Thornton

Price Expectations and the Demand for Money: Reply pp. 543-44

Ross Milbourne

Volume 68, issue 2, 1986

Tax and Spend, or Spend and Tax? pp. 179-88

George von Furstenberg, R Jeffrey Green and Jin-Ho Jeong

The Gibson Paradox and the Monetary Standard pp. 189-96

Chi-Wen Jevons Lee and Christopher R Petruzzi

Inflation, Risk, Taxes, and the Demand for Owner-Occupied Housing pp. 197-206

Thomas H Goodwin

An Ex Ante View of Household Portfolio Choice: The Role of Expected Capital Gains pp. 207-16

David L Ortmeyer and Joe Peek

Inflation and Tax Evasion: An Empirical Analysis pp. 217-23

Steven E Crane and Farrokh Nourzad

The Measurement of Effective Commodity Tax Progressivity pp. 224-31

Daniel T Slesnick

Impacts of Economic and Programmatic Changes on Medicaid Enrollments pp. 232-40

Jerry Cromwell, Sylvia Hurdle and Gerard Wedig

Productivity Change and Dynamic Comparative Advantage pp. 241-47

Mieko Nishimizu and Page, John M,

Prices, Activity, and Machinery Exports: An Analysis Based on New Price Data pp. 248-55

Dennis M Bushe, Irving B Kravis and Robert Lipsey

A Monthly Dynamic Consumer Expenditure System for Germany with Different Kinds of Households pp. 256-64

Michael Veall and Klaus Zimmermann

Occupational Entry and Uncertainty: Males Leaving High School pp. 265-73

Peter Orazem and J Peter Mattila

Specification Errors in Models of Aggregate Labor Supply pp. 274-83

Michael I Luger and Dale Stahl

Beyond Firm and Industry Effects on Profitability in Imperfect Market s pp. 284-92

John Scott and George Pascoe

The Value of Avoiding a Lulu: Hazardous Waste Disposal Sites pp. 293-99

V. Smith and William H Desvousges

Dynamic Input-Output Analysis with Distributed Activities pp. 300-310

Thijs ten Raa

Measuring and Analyzing the Effects of Short-term Volatility in Real Exchange Rates pp. 311-15

Peter Kenen and Dani Rodrik

Comparative Advantage in Manufactured Goods: A Reappraisal pp. 315-19

Bela Balassa

Determinants of the National Price Level: Some Empirical Results pp. 320-23

Christopher Clague

The Stability of Money Demand and Forecasting through Changes in Regimes [The Demand for Money Revisited] [The Case of the Missing Money] pp. 324-28

Bruce Mizrach and Anthony M Santomero

Inflation Announcements and Financial Market Reaction: Evidence from the Long-term Bond Market pp. 329-33

Michael Smirlock

Business Margins and Buyer/Seller Power pp. 333-37

Peter R Cowley

Efficiency and Ownership: Further Evidence pp. 337-41

Patricia Byrnes, Shawna Grosskopf and Kathy Hayes

Labor Quality and the Concentration-Earnings Hypothesis pp. 342-46

John Heywood

A Lack-of-Fit Test for Econometric Applications to Cross-Section Data pp. 346-50

Howard E Doran and Jan Kmenta

Empirical Tests of Granger's Propositions on the Dividend Effect Controversy pp. 351-55

Gilmer, R H, and Cheng F Lee

On Polish Disequilibria: Comment [Estimates of the Disequilibria in Poland's Consumer Markets] pp. 355-57

John P Farrell

On Polish Disequilbria: Reply [Estimates of the Disequilibria in Poland's Consumer Markets] pp. 358

Leon Podkaminer

Volume 68, issue 1, 1986

Consumption Innovations and Income Innovations: The Case of the United Kingdom and Germany pp. 1-8

Edgar Weissenberger

Empirical Investigation of a Catastrophe Theory Extension of the Phillips Curve pp. 9-17

Edwin Fischer and Werner Jammernegg

The Stock Market and the Productivity Slowdown: International Evidence pp. 18-23

Roger Kaufman and Richard A Jacoby

Effective Purchasing Power in a Quantity Constrained Economy: An Estimate for the German Democratic Republic pp. 24-32

Irwin Collier

Resource Fungibility, the Flypaper Effect, and the Expenditure Impact of Grants-in-Aid pp. 33-40

Ernest M Zampelli

Returns to Schooling, Implicit Discount Rates and Black-White Wage Differentials pp. 41-47

Kevin Lang and Paul Ruud

Labor Supply and Housing Demand for One- and Two-Earner Households pp. 48-57

Janet Kohlhase

The Sensitivity of Labor Demand Functions to Choice of Dependent Variable pp. 58-66

George Borjas

Work Disutility and Compensating Differentials: Estimation of Factors in the Link between Wages and Firm Size pp. 67-73

Lucia Dunn

The Consequences of Interregional Labor Migration for the Regional Labor Market: Theory, Methodology and Dutch Experience pp. 74-83

Jouke van Dijk and Henk Folmer

Advertising, Sunk Costs, and Barriers to Entry pp. 84-95

Ioannis Kessides

Introducing Management into the Production Function pp. 96-104

Robert N Mefford

A Theoretical and Empirical Approach to the Value of Information in Risky Markets pp. 105-14

Frances Antonovitz and Terry Roe

An Economic Analysis of Air Pollution and Health: The Case of St. Louis pp. 115-21

Shelby Gerking and Linda R Stanley

The Spillover Effect of Antitrust Enforcement pp. 122-31

Michael K Block and Jonathan Feinstein

Dynamics of Household Driving Demand pp. 132-41

Daniel Henry Hill

Food Expenditures at Home and Away from Home in the United States-A Switching Regression Analysis pp. 142-47

Jonq-Ying Lee and Mark G Brown

Estimating Dynamic Demand for Cigarettes Using Panel Data: The Effects of Bootlegging, Taxation and Advertising Reconsidered pp. 148-55

Badi Baltagi and Dan Levin

Measuring Risk Aversion: An Alternative Approach pp. 156-59

George G Szpiro

Motor Carrier Deregulation: The Florida Experiment pp. 159-64

Roger D Blair, David L Kaserman and James T McClave

Exchange Rate Determination with Changes in the Policy Regime: The Yen-Dollar Rate pp. 164-69

John Makin and Raymond Sauer

Distortion of the Trend of Inequality by the Life-Cycle Profile of Incomes pp. 170-74

Peter H Friesen

Interpreting Dummy Variables pp. 174-75

Peter Kennedy

Regional Wage Differentials: Has the South Risen Again? A Comment pp. 175-78

Carol Horton Tremblay