Real wage rigidity in regional labor markets in the U.K., the U.S., and West Germany

"This paper examines the extent to which regional differences in wage rigidity exist and can help explain interregional differences in unemployment trends. Phillips-curve models of manufacturing wage inflation are estimated for the 10 largest states in the U.S., the 10 economic regions in the United Kingdom, and the 11 Lande in the Federal Republic of Germany over the 1971 to 1985 period. There is evidence of significant differences in the responsiveness of wage inflation to unemployment and the rate of change in consumer prices across the regions within each country and across the three nations."     

\mathop R\limits_ \circ gvedisch Vipanyā-, Vipanyú- und Vipanyaāmahe

Ohne Zusammenfassung

---

gvedisch Vipanyā-, Vipanyú- und Vipanyaāmahe

     

Contractarianism and rational choice

Peter Vallentyne (ed.), Morals by Agreement (Cambridge: Cambridge University Press, 1991) pp.xvi + 339. $n.p. ISBN 0 521 39134 2.     

TRAFFIC EXTERNALITIES AND SINGLE-FAMILY HOUSE PRICES*

ABSTRACT. This study is the first to lend empirical support to the common belief that traffic intensity affects property values. Using a standard hedonic pricing model, this paper investigates the price effects on housing of traffic within a neighborhood. Results using data on single-family housing transactions for two different locations in a medium-sized city show a substantial negative price effect of traffic externalities. The magnitude of the effect is shown to be location specific.     

Diversity in Peasant Economic Behavior: Transmigrant Households in South Sumatra,Indonesia

An important facet of peasant economics is the diversification of household labor among farm and off-farm activities. Using a sample of South Sumatran transmigrant households the diversification of household labor among various remunerative activities was analyzed. Employment diversity was related to three sets of theoretically based factors: demographic, human capital, and agricultural. Results from a discriminant analysis model reveal that the demographic set of variables is most powerful in distinguishing households with different levels of employment diversity. The ratio of consumers to workers in a household is particularly important. However, measures of entrepreneurship and on-farm agricultural intensity are also useful in explaining diversity behavior. Throughout our analysis we find evidence that the role of the spouse as an income producer is especially critical in the household employment diversification process.