NBER Working Papers

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306: Efficient Wage Bargains Under Uncertain Supply and Demand

Robert Hall and David M. Lilien

305: The Percent Organized Wage (POW) Relationship for Union and for NonunionWorkers

Richard Freeman and James Medoff

304: The Changing Cyclical Behavior of Wages and Prices: 1890-1976

Jeffrey D. Sachs

303: Towards An Understanding of the Real Effects and Costs of Inflation

Stanley Fischer and Franco Modigliani

302: Tax Policy in a Life Cycle Model

Lawrence Summers

301: Should We Organize? Effects of Faculty Unionism on Academic Compensation

Richard Freeman

300: Monetarist Interpretations of the Great Depression: An Evaluation and Critique

Robert Gordon and James A. Wilcox

299: Labor Supply Estimates For Public Policy Evaluation

George Borjas and James Heckman

298: A Status Report on Tax Integration in the United States

Charles E. McLure, Jr.

297: A Model of Diffusion In the Production of an Innovation

Michael Gort and Akira Konakayama

296: The Effect of Inflation on the Prices of Land And Gold

Martin Feldstein

295: Interest Rate Expectations Versus Forward Rates: Evidence From An Expectations Survey

Benjamin M. Friedman

294: How Important is Disaggregation in Structural Models of Interest Rate Determination?

Benjamin M. Friedman

293: Do Multinational Firms Adapt Factor Proportions To Relative Factor Prices?

Robert Lipsey, Irving B. Kravis and Romualdo A. Roldan

292: The Effect of Trade Unionism on Fringe Benefits

Richard Freeman

291: Economic Effects of The Firefighters' Union

Casey Ichniowski

290: Exchange Rates in The 1920's: A Monetary Approach

Jacob A. Frenkel and Kenneth Clements

289: Further Evidence On Expectations And The Demand for Money During the German Hyperinflation

Jacob A. Frenkel

288: On Transactions and Precautionary Demand For Money

Jacob A. Frenkel and Boyan Jovanovic

287: International Reserves Under Alternative Exchange Rate Regimes and Aspects of The Economics of Managed Float

Jacob A. Frenkel

286: On the Choice Between Property Rules and Liability Rules

A. Mitchell Polinsky

285: Wage Growth and Job Turnover: An Empirical Analysis

Ann P. Bartel and George Borjas

284: Crowding Out Or Crowding In? The Economic Consequences of Financing Government Deficits

Benjamin M. Friedman

283: Temporary Income Taxes and Consumer Spending

Alan Blinder

282: Black Economic Progress after 1964: Who Has Gained and Why?

Richard Freeman

281: Disequilibrium Growth Theory: The Kaldor Model

Takatoshi Ito

280: A Fixed Effect Logit Model of the Impact Of Unionism on Quits

Richard Freeman

279: The 1971-1974 Controls Program and The Price Level: An Econometric Post-Mortem

Alan Blinder and William J. Newton

278: Experience, Performance, and Earnings

James Medoff and Katharine Abraham

277: Labor Force Transitions and Unemployment

Kim B. Clark and Lawrence Summers

276: Inflation and the Stock Market

Martin Feldstein

275: Fiscal Policies, Inflation and Capital Formation

Martin Feldstein

274: The Dynamics of Youth Unemployment

Kim B. Clark and Lawrence Summers

273: New Estimates of the Industrial Locus of Unionism in the United States

Richard Freeman and James Medoff

272: The Social Security Earnings Test, Labor Supply Distortions, and Foregone Payroll Tax Revenues

Anthony J. Pellechio

271: Male Wage Rates and Marital Status

Lawrence Kenny

270: Explaining Movements in Completed Fertility Across Cohorts

Lawrence Kenny

269: Tax Neutrality and the Investment Tax Credit

David Bradford

268: Calculating the Present Value of An Asset's Future Cash Flows

Stephen D. Nadauld

267: Interest Rate Changes and Commercial Bank Revenues and Costs

Sherman J. Maisel and Robert Jacobson

266: Interest Rate Risk and the Regulation of Financial Institutions

Jay B. Morrison and David H. Pyle

265: The Fundamental Determinants of Risk In Banking

Barr Rosenberg and Philip R. Perry

264: The Pricing of Short-Lived Options When Price Uncertainty Is Log-Symmetric Stable

J. Huston McCulloch

263: Adjudication as a Private Good

William Landes and Richard Posner

262: Changes in Household Living Arrangements 1950-76

Robert T. Michael, Victor Fuchs and Sharon R. Scott

261: Survey Evidence on The Rationality of Interest Rate Expectations

Benjamin M. Friedman

260: The Effect of Social Security on Retirement

Anthony J. Pellechio

259: Inventory Fluctuations, Temporary Layoffs and the Business Cycle

Martin Feldstein and Alan Auerbach

258: Imported Inflation 1973-74 and the Accommodation Issue

Phillip Cagan

257: The Lock-In Effect of the Capital Gains Tax: Some Time Series Evidence

Joel Slemrod

256: Children's Health and the Family

Linda N. Edwards and Michael Grossman

255: Share Valuation and Corporate Equity Policy

Alan Auerbach

254: Wealth Maximization and the Cost of Capital

Alan Auerbach

253: Inflation and the Choice of Asset Life

Alan Auerbach and Martin Feldstein

252: The Nature and Measurement of Unemployment

Robert Hall

251: A Theory of the Natural Unemployment Rate and the Duration of Employment

Robert Hall

250: The Effects of Taxation on the Selling of Corporate Stock and the Realization of Capital Gains

Martin Feldstein, Joel Slemrod and Shlomo Yitzhaki

249: Education and Self-Selection

Robert Willis and Sherwin Rosen

248: Unionism and the Dispersion of Wages

Richard Freeman

247: Perspective on Bank Capital Adequacy: Time-Series Analysis

Laurie Goodman and William Sharpe

246: Causation Among Socioeconomic Time-Series

Robert T. Michael

245: The Propagation of Prices in the Oil Industry

Avram Kisselgoff

244: Forecasting with the Index of Leading Indicators

Beatrice N. Vaccara and Victor Zarnowitz

243: Taxation and Corporate Financial Policy

J. Gregory Ballentine and Charles E. McLure, Jr.

242: The Exit-Voice Tradeoff in the Labor Market: Unionism, Job Tenure, Quits

Richard Freeman

241: Personal Taxation, Portfolio Choice and The Effect of the Corporation Income Tax

Martin Feldstein and Joel Slemrod

240: Determinants of Pediatric Care Utilization

Ann D. Colle and Michael Grossman

239: The Effect of Shifting Wealth Ownership on the Term Structure of Interest Rates

Benjamin M. Friedman

238: Price Behavior in the Manufacturing Sector for Sixteen Industries Classified by Stage-of-Process

Joel Popkin

237: Interest Rate Risk and Capital Adequacy For Traditional Banks and Financial Intermediaries

J. Huston McCulloch

236: The Supply of Surgeons and the Demand for Operations

Victor Fuchs

235: Price Inflation, Portfolio Choice, and Nominal Interest Rates

Benjamin M. Friedman

234: Inflation and the Excess Taxation of Capital Gains on Corporate Stock

Martin Feldstein and Joel Slemrod

233: Job Mobility and Earnings Over the Life Cycle

George Borjas

232: Inflation, Tax Rules, and the Long Term Interest Rates

Martin Feldstein and Lawrence Summers

231: Who Puts the Inflation Premium Into Nominal Interests Rates?

Benjamin M. Friedman

230: Family Size and the Distribution of Per Capita Income

Edward Lazear and Robert T. Michael

229: On the Accuracy and Properties of Recent Macroeconomic Forecasts

Victor Zarnowitz

228: Estimating the Family Labor Supply Functions Derived from the Stone-Geary Utility Function

Michael Hurd

227: Salvors, Finders, Good Samaritans and Other Rescuers: An Economic Study of Law and Altruism

William Landes and Richard Posner

226: Fluctuation in Equilibrium Unemployment

Robert Hall

225: Job Satisfaction as an Economic Variable

Richard Freeman

224: The Earnings Function: A Glimpse Inside the Black Box

James Medoff

223: The Private and Social Costs of Unemployment

Martin Feldstein

222: The Cumulative Unanticipated Change in Interest Rates: Evidence on the Misintermediation Hypothesis

J. Huston McCulloch

221: Taxation and Aggregate Factor Supply: Preliminary Estimates

Michael J. Boskin and Lawrence J. Lau

220: Occupational Licensing and the Inter-State Mobility of Professionals

B. Peter Pashigian

219: The Choice of Diet for Young Children and Its Relation to Children's Growth

Dov Chernichovsky and Douglas Coate

218: Heterogeneous-Expectations Model of the Value of Bonds Bearing Call Options

Zvi Bodie and Benjamin M. Friedman

217: Altruism in Law and Economics

William Landes and Richard Posner

216: An Evaluation of the Role of Factor Markets and Intensities in the Social Security Crisis: A Progress Report

John B. Shoven

215: Mitigating Demographic Risk Through Social Insurance

Jerry Green

214: Aspects of Optimal Unemployment Insurance: Search, Leisure and Capital Market Imperfections

J. S. Flemming

213: The Relationship Between Children's Health and Intellectual Development

Linda N. Edwards and Michael Grossman

212: Social Security Wealth: The Impact of Alternative Inflation Adjustments

Martin Feldstein and Anthony J. Pellechio

211: The Service Industries and U.S. Economic Growth Since World War II

Victor Fuchs

210: An Economic Study of U.S. Aircraft Hijacking, 1960-1976

William Landes

209: Bank Capital Adequacy, Deposit Insurance and Security Values, Part I

William Sharpe

208: An Economic Theory of Self-Control

H. M. Shefrin and Richard Thaler

207: Local Government Budgeting: The Econometric Comparison of Political and Bureaucratic Models

Martin Feldstein and Daniel J. Frisch