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 60, issue 4, 1978

Spending for Education: The Exercise of Public Choice pp. 487-95

Michael Lovell

The Returns to Job Search: A Test of Two Models pp. 496-503

Lawrence Kahn

Does Unemployment Affect Migration?-Evidence from Micro Data pp. 504-14

Julie DaVanzo

The Dynamics of Postwar Industrial Location pp. 515-22

Eric Hanushek and Byung Nak Song

Multi-Market Interdependence and Local Market Competition in Banking pp. 523-32

Arnold A Heggestad and Stephen A Rhoades

An Empirical Indifference Function for Income and Leisure pp. 533-40

Lucia Dunn

New Calculations of Income and Interest Elasticities in Tobin's Model of the Transactions Demand for Money pp. 541-46

George Akerlof and Ross D Milbourne

Personal Saving Behavior and the Rate of Inflation pp. 547-54

David H Howard

Income Per Capita and the Structure of Industrial Exports: An Empirical Study pp. 555-61

Mario I Blejer

The Relationship between Absolute and Relative Purchasing Power Parity pp. 562-68

Lawrence Officer

The Effective Protection Implicit in Liner Shipping Freight Rates pp. 569-73

Jan Owen Jansson and Dan Shneerson

The Impact of the Fuel Adjustment Mechanism on Economic Efficiency pp. 574-84

Frank Gollop and Stephen H Karlson

The Demand for Electricity in Virginia pp. 585-600

Michael Murray

The Misspecification of a Nonseasonal Cycle as a Seasonal by the X-11 Seasonal Adjustment Program pp. 601-03

Robert D Auerbach and Jack L Rutner

Macroeconomic Activity and Income Distribution in the Postwar United States pp. 604-09

Alan Blinder and Howard Y Esaki

Inflation and Relative Price Distortions: The Case of Housing pp. 609-14

J R Kearl

Monetization, Economic Development and the Demand for Money pp. 614-18

Prem S Laumas

Predictability of Price Trends on Stock Exchanges: A Study of Some Far Eastern Countries pp. 619-21

Hai Hong

Cognitive Abilities, Schooling and Earnings: The Question of Functional Form pp. 622-27

Jon D Welland

Product Differentiation, Concentration, and Changes in Concentration pp. 628-31

Neil R Wright

The Profitability of Alternative pp. 632-34

Geoffrey Whittington

The Air Pollution and Property Value Debate: Some Empirical Evidence pp. 635-38

Harrison, David, and Daniel L Rubinfeld

Volume 60, issue 3, 1978

Long-Term Properties of the Price-Wage Mechanism in the United States, 1891 to 1977 pp. 323-33

Otto Eckstein and James A Girola

Econometric Review of Alternative Fiscal and Monetary Policies, 1971-75 pp. 334-45

Albert A Hirsch, Saul H Hymans and Harold T Shapiro

The Variability of Inflation pp. 346-50

Edward Foster

The pp. 351-61

Mieko Nishimizu and Charles R Hulten

Sources of Economic Growth in Latin American Countries pp. 362-70

Victor Elias

Estimation of a Disequilibrium Aggregate Labor Market pp. 371-79

Harvey Rosen and Richard E Quandt

The Distribution of the Unemployment Burden: Do the Last Hired Leave First? pp. 380-91

Robert Frank and Richard T Freeman

Occupational Migration out of Agriculture-A Cross-Country Analysis pp. 392-98

Yair Mundlak

Industrial Structure, the Flexibility of Working Hours, and Women's Labor Force Participation pp. 399-407

Allan G King

Wealth Effects and Earnings Premiums for Job Hazards pp. 408-16

W Viscusi

Strategic Groups and the Structure-Performance Relationship pp. 417-27

Howard H Newman

Estimating Advantages to Large-Scale Advertising pp. 428-37

Randall S Brown

Scale, Market Structure, and the Cost of Refuse Collection pp. 438-48

Barbara J Stevens

Consumer Revealed Preference for Environmental Goods pp. 449-58

Malcolm Getz and Yuh-ching Huang

Economics of Crime: An Investigation of the Deterrent Hypothesis for Urban Areas pp. 459-66

Vijay K Mathur

Corporate Demand for Cash: The Influence of Corporate Population Growth and Structure pp. 467-71

Helen Manning Hunter

The Effect of Exchange Rate, Payments, and Trade Restrictions on the Trade between OECD Countries, 1967-1973 pp. 471-75

Vernon Oley Roningen

Dividend Policy and Capital Market Theory: A Comment pp. 475-77

Peter A Frost

Dividend Policy and Capital Market Theory: A Reply pp. 477-78

Sasson Bar-Yosef and Richard Kolodny

On the Statistical Estimation of Parametric Frontier Production Functions: A Reply and Further Comments pp. 479-81

Shih-Fan Chu

On the Statistical Estimation of Parametric Frontier Production Functions: Rejoinder pp. 481-82

Peter Schmidt

Environmental Repercussions and the Economic Structure: Further Comments pp. 482-86

Albert E Steenge

Volume 60, issue 2, 1978

The Effect of Economic Events on Votes for President pp. 159-73

Ray Fair

An Empirical Study of Politico-Economic Interaction in the United States pp. 174-83

Bruno Frey and Friedrich Schneider

A Demand Model for the Local Public Sector pp. 184-92

Robert Deacon

The Use of Preliminary Data in Econometric Forecasting pp. 193-200

E. Howrey

Geographical Differences in Earnings and Unemployment Rates pp. 201-08

Ali M Reza

The Cost of Capital and the Market Power of Firms pp. 209-17

Timothy G Sullivan

The Efficiency Implications of Earnings Retentions pp. 218-24

Donald McFetridge

Measurement of Capital Depreciation within the Japanese Fishing Fleet pp. 225-37

Bun Song Lee

Gains to Producers from the Cartelization of Exhaustible Resources pp. 238-51

Robert Pindyck

Competition and Price Levels in the Retail Gasoline Market pp. 252-58

Howard P Marvel

Comparative Advantage in Individuals pp. 259-67

Michael Sattinger

The Dependence of Prices and Volume pp. 268-74

Richard J Rogalski

The Supply and Demand for Exports: A Simultaneous Approach pp. 275-86

Morris Goldstein and Mohsin Khan

Economies of Scale of General Cargo Ships pp. 287-93

Jan Owen Jansson and Dan Shneerson

Effective Tariff Protection and Resource Allocation: A Non-Parametric Approach pp. 294-300

Merle Holden and Paul Holden

Real Wages and Business Cycles Revisited pp. 301-04

Ichiro Otani

On the Bias in Estimates of the Effects of Monetary and Fiscal Policy pp. 304-06

Robert Van Order

A Simultaneous Model Approach to the Determinants of Male Earnings Differentials in Turkey for 1968 pp. 307-12

Zehra Kasnakoglu

Indirect and Induced Benefit-Cost Analysis: A Case Study pp. 312-18

Joseph E Haring and Allen Van Deventer

Spline Estimation of the Liquidity Trap: A Comment pp. 318-20

J. Huston McCulloch

Spline Estimation of the Liquidity Trap: A Reply pp. 320-21

James Barth, Arthur Kraft and John Kraft

Volume 60, issue 1, 1978

The Time Varying Response of Income to Changes in Monetary and Fiscal Policy pp. 1-7

Thomas Cargill and Robert A Meyer

The Demand for Money and for Consumption Goods in Centrally Planned Economies pp. 8-18

Richard Portes and David Winter

The Returns to Labor and the Cyclical Behavior of Real Wages: The Canadian Case pp. 19-24

Matthew Canzoneri

Interrelated Demand for Capital and Labor in a Globally Optimal Flexible Accelerator Model pp. 25-32

David J Faurot

Application of Duesenberry's Model to the Growth in Stocks of Consumer Durable Goods in Japan pp. 33-38

Takeo Nakao

Capital Formation in the USSR, 1959-74: An Econometric Investigation of Bureaucratic Intervention in the Process of Capital Construction pp. 39-46

Donald W Green

Estimating the Effect of Training Programs on Earnings pp. 47-57

Orley Ashenfelter

An Analysis of Fertility Differentials in Developing Countries pp. 58-69

Richard Anker

Investment Inducements to Public Infrastructure: Irrigation in the Philippines pp. 70-77

Yujiro Hayami and Masao Kikuchi

Factor Mobility and Regional Growth pp. 78-84

Moheb Ghali, Masayuki Akiyama and Junichi Fujiwara

Industrial Concentration and Interindustry Wage Determination pp. 85-95

Charles T Haworth and Carol Jean Reuther

International Cost Differences-A Comparison of Canadian and United States Manufacturing Industries pp. 96-101

Ernest H Oksanen and James R Williams

Aspects of Unilateral Trade Policy and Factor Adjustment Costs pp. 102-10

John H Mutti

The Efficiency of the Market for Foreign Exchange under Floating Exchange Rates pp. 111-20

W Bradford Cornell and J Kimball Dietrich

A Survey of Ridge Regression and Related Techniques for Improvements over Ordinary Least Squares pp. 121-31

Hrishikesh Vinod

Spline Functions Fitted by Standard Regression Methods pp. 132-39

Daniel B Suits, Andrew Mason and Louis Chan

Effects of Minimum Wages on the Level and Age Composition of Youth Employment pp. 140-45

Finis Welch and James Cunningham

A Method for Measuring the Relative Taxation of Families pp. 145-50

Kenneth L Wertz

The Effect of Differential Property Tax Rates on the Sales Prices of Single Family Residential Properties pp. 150-53

Douglas O Stewart

A Simultaneous Equation Model of the Demand for Manuscript Review pp. 153-58

Carol C McDonough