Journal of Political Economy

1893 - 2025

From University of Chicago Press
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Volume 86, issue 6, 1978

Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence pp. 971-87

Robert E Hall

An "Austrian" Model of International Trade and Interest Rate Equalization pp. 989-1007

Ronald Findlay

Estimation of Dynamic Labor Demand Schedules under Rational Expectations pp. 1009-44

Thomas Sargent

Optimal Foreign Exchange Market Intervention pp. 1045-55

Russell Boyer

On the Efficiency of the Bond Market: Some Canadian Evidence pp. 1057-76

James Pesando

An Econometric Model of Pronatalist and Abortion Policies pp. 1077-1101

Stephen P Coelen and Robert J McIntyre

The Effect of Taxation on Labor Supply: Evaluating the Gary Negative Income Tax Experiments pp. 1103-30

Gary Burtless and Jerry A Hausman

The Protective Effect of a Tariff under Uncertainty pp. 1131-41

Elhanan Helpman and Assaf Razin

Optimal Capital-Gains Taxation under Limited Information pp. 1143-58

Jerry Green and Eytan Sheshinski

An Annotation of "Implicit Contracts and Underemployment Equilibria." pp. 1159-60

John Bryant

Volume 86, issue 5, 1978

Family Migration Decisions pp. 749-73

Jacob Mincer

Dynamic Adjustment in the Heckscher-Ohlin-Samuelson Model pp. 775-91

Michael Mussa

A Neoclassical Analysis of the Demand for Real Cash Balances by Firms pp. 793-813

Enid Dennis and V Kerry Smith

An Economic Analysis of Crime and Punishment in England and Wales, 1894-1967 pp. 815-40

Kenneth I Wolpin

The Optimal Exploration and Production of Nonrenewable Resources pp. 841-61

Robert Pindyck

The Incidence of a Corporation Income Tax in a Growing Economy pp. 863-75

J Gregory Ballentine

International Transmission of Stagflation under Fixed and Flexible Exchange Rates pp. 877-95

Koichi Hamada and Makoto Sakurai

The Effect of Americanization on the Earnings of Foreign-born Men pp. 897-921

Barry Chiswick

Individual Preferences and Union Wage Determination: The Case of the United Mine Workers pp. 923-42

Henry S Farber

Supervision, Loss of Control, and the Optimum Size of the Firm pp. 943-52

Guillermo Calvo and Stanislaw Wellisz

A Note on Some Evidence on the Easterlin Hypothesis pp. 953-58

Michael R Olneck and Barbara Wolfe

A Comment on Tariffs, Nontariff Barriers, and Labor Protection in United States Manufacturing Industries pp. 959-62

Joe A Stone

Volume 86, issue 4, 1978

Unanticipated Money, Output, and the Price Level in the United States pp. 549-80

Robert Barro

Market "Efficiency" in a Market with Heterogeneous Information pp. 581-97

Stephen C Figlewski

J. Laurence Laughlin and the Quantity Theory of Money pp. 599-625

Lance Girton and Don Roper

Market Anticipations of Government Policies and the Price of Gold pp. 627-48

Stephen W Salant and Dale W Henderson

The Burden of Taxation pp. 649-71

Edgar Browning

Rational Expectations, Econometric Exogeneity, and Consumption pp. 673-700

Thomas Sargent

A Time-Series Analysis on Social Security and Its Effect on the Market Work of Men at Younger Ages pp. 701-15

Richard Burkhauser and John A Turner

Should Economists Pay Attention to Philosophers? [Review Article] pp. 717-28

Scott Gordon

Modeling the Earnings and Research Productivity of Academic Economists pp. 729-41

W Lee Hansen, Burton A Weisbrod and Robert P Strauss

Volume 86, issue 3, 1978

Trade Unions in the Production Process pp. 355-78

Charles Brown and James Medoff

Exchange Rates, Import Costs, and Wage-Price Dynamics pp. 379-403

Michael Bruno

A Search for Testable Implications of the Tiebout Hypothesis pp. 405-25

Dennis Epple, Allan Zelenitz and Michael Visscher

Experience, Vintage, and Time Effects in the Growth of Earnings: American Scientists, 1960-1970 pp. 427-47

Yoram Weiss and Lee Lillard

The Transactions Theory of the Demand for Money: A Reconsideration pp. 449-66

Robert W Clower and Peter W Howitt

Interest Groups and the Demand for Agricultural Research pp. 467-84

Joel M Guttman

A Model of Advertising and Product Quality pp. 485-503

Richard Schmalensee

Government Debt, Human Capital, and Bequests in a Life-Cycle Model pp. 505-16

Allan Drazen

The Economics of Local Government Pensions and Pension Funding pp. 517-27

Gene E Mumy

Money and the Nominal Interest Rate in an Inflationary Economy: An Empirical Test pp. 529-34

Mario I Blejer

The Capitalization of Local Taxes: A Note on Specification pp. 535-38

Peter D Linneman

Consumer Horizon: Reconsidered pp. 539-41

Khan A Mohabbat and Evangelos E Simos

Volume 86, issue 2, 1978

Taxation, Saving, and the Rate of Interest pp. S3-27

Michael J Boskin

The Welfare Cost of Capital Income Taxation pp. S29-51

Martin Feldstein

Inflation and Taxes in a Growing Economy with Debt and Equity Finance pp. S53-70

Martin Feldstein, Jerry Green and Eytan Sheshinski

The Macroeconomic Impact of Changes in Income Taxes in the Short and Medium Runs pp. S71-85

Robert E Hall

On the Use of Distributional Weights in Social Cost-Benefit Analysis pp. S87-120

Arnold C Harberger

The Measurement of Excess Burden with Explicit Utility Functions pp. S121-35

Harvey Rosen

Notes on Estate Taxes, Redistribution, and the Concept of Balanced Growth Path Incidence pp. S137-50

Joseph Stiglitz

Estimating Price Lists, List Changes, and Market Shares from Sealed Bids pp. 193-209

Charles G Geiss and John M Kuhlman

Is Money Exogenous in Money-Demand Equations pp. 211-28

Yash P Mehra

Implications of Alternative Measures of Natural Resource Scarcity pp. 229-43

Brown, Gardner M, and Barry C Field

The Economic Theory of Regulation and Public Financing of Presidential Elections pp. 245-57

Burton Abrams and Russell F Settle

The Demand for Pediatric Care: An Hedonic Approach pp. 259-80

Fred Goldman and Michael Grossman

A Time-Series Analysis of the Real Wages-Employment Relationship pp. 281-91

Salih Neftci

Price Controls, Binding Constraints, and Intertemporal Economic Decision Making pp. 293-301

Dwight R Lee

Friedrich Engels and Marxist Economic Theory pp. 303-19

Terence W Hutchison

On Handa's "New Theory of Cardinal Utility" and the Maximization of Expected Return pp. 321-24

Peter C Fishburn

Additional Evidence on the Effects of Alternative Taxes on Cigarette Prices pp. 325-28

Terry R Johnson

On Testing for Rationality: Another Look at the Livingston Price Expectations Data pp. 329-36

Donald J Mullineaux

Voting on Minimum Wages: A Time-Series Analysis pp. 337-42

James Kau and Paul Rubin

Volume 86, issue 1, 1978

On Indexation and Contract Length pp. 1-18

Jo Gray

Interest Rate Uncertainty and the Value of Bond Call Protection pp. 19-43

Zvi Bodie and Benjamin M Friedman

A Theory of Extramarital Affairs pp. 45-61

Ray Fair

Legislatures as Unions pp. 63-78

Robert McCormick and Robert Tollison

Inflation and Relative Price Variability pp. 79-95

Richard W Parks

Shadow Prices for Project Selection in the Presence of Distortions: Effective Rates of Protection and Domestic Resource Costs pp. 97-116

T N Srinivasan and Jagdish N Bhagwati

Family Location Constraints and the Geographic Distribution of Female Professionals pp. 117-30

Robert Frank

Shipping the Good Apples Out: The Alchian and Allen Theorem Reconsidered pp. 131-38

Thomas E Borcherding and Eugene Silberberg

Consumption in the Great Depression pp. 139-45

Thomas Mayer

The Threat of Entry with Mutually Aware Potential Entrants: Comment pp. 147-50

Lionel Kalish, Jerry Hartzog and Henry Cassity

Money Illusion and Balance of Payments Adjustment: A Comment pp. 151-53

Harmen Lehment