Current Social Science Research Report--Economics #45, January 9, 2008.

CSSRR-Economics is a weekly email report produced by the Data and Information Services Center at the University of Wisconsin-Madison. It seeks to help social science researchers keep up to date with the latest developments in the field. This report will contain selected listings of new: reports, articles, bibliographies, working papers, tables of contents, conferences, data, and websites. For more information, including an archive of back issues and subscription information see:

http://www.disc.wisc.edu/reports/cssrindex.html

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CSSRR-Economics is compiled and edited by Jack Solock and Charlie Fiss.

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To CSSRR-Soc #45

To CSSRR-Health #45

CSSRR-Index

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Index to this issue:

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CENTRAL GOVERNMENT AND NGO STATISTICAL PUBLICATIONS

US

US STATES

NGO AND OTHER COUNTRIES

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OTHER REPORTS, ARTICLES, ETC.

WORKING PAPERS

TABLES OF CONTENTS

LEGISLATION INFORMATION UPDATES

DATA

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CENTRAL GOVERNMENT STATISTICAL AND NGO PUBLICATIONS

US:

1. Congressional Budget Office Report: "The Long-Term Budget Outlook" (December 2007, HTML and .pdf format, 52p., with accompanying tables in Microsoft Excel format:

HTML:

http://www.cbo.gov/ftpdocs/88xx/doc8877/Frontmatter.1.3.shtml

.pdf:

http://www.cbo.gov/ftpdocs/88xx/doc8877/12-13-LTBO.pdf

Data:

http://www.cbo.gov/ftpdoc.cfm?index=8877&type=2

2. Bureau of Labor Statistics Monograph, Periodical:

A. Occupational Outlook Handbook (OOH), 2008-09 Edition (2007, .pdf and HTML format). Use the "A-Z Index" to locate a particular occupation.

http://www.bls.gov/oco/home.htm

B. Career Guide to Industries (CGI), 2008-09 Edition (2007, .pdf and HTML format). Use the "A-Z Index" to locate a particular industry.

http://www.bls.gov/oco/cg/home.htm

C. Compensation and Working Conditions Online (most recent article posted December 19, 2007).

http://www.bls.gov/opub/cwc/home.htm

3. Department of Agriculture Economic Research Service Report: "Are Lower Income Households Willing and Able To Budget for Fruits and Vegetables?" by Hayden Stewart and Noel Blisard (Economic Research Report No. ERR-54, January 2008, .pdf format, 29p.). Links to an abstract and full text are available at:

http://www.ers.usda.gov/publications/err54/

4. US Government Economic Releases from the National Bureau of Economic Research: Links to releases for Dec. 21, 2007 - Jan. 9, 2008 are available at the site.

http://www.nber.org/releases/

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US States:

Hawai'i:

Hawaii State Department of Business, Economic Development and Tourism Report: "County Social, Business and Economic Trends In Hawaii: 1990 - 2006," (December 2007, .pdf format, 83p.).

http://www.hawaii.gov/dbedt/info/economic/data_reports/county_report/County_Trend_2006.pdf

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NGOs and Other Countries:

European Commission:

EurostatPeriodical: Statistics in Focus. The latest issue (07/128, 07/130-07/131, .pdf format) are now available at the SIF website:

http://epp.eurostat.ec.europa.eu/portal/page?_pageid=0,1136118&_dad=portal&_schema=PORTAL

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International Monetary Fund: The latest Country Reports span the time period from Dec. 19-31, 2007 (No. 07/388-07/390).

http://www.imf.org/external/pubs/cat/scr1_sp.cfm?s_year=2007&e_year=2007&brtype=default

Also Jan. 1-8, 2008 (No. 08/1-08/5):

http://www.imf.org/external/pubs/cat/scr1_sp.cfm?s_year=2008&e_year=2008&brtype=default

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World Trade Organization Compendium: "International Trade Statistics 2007," (2007, .pdf and Microsoft Excel format, 262p.).

http://www.wto.org/english/res_e/statis_e/its2007_e/its07_toc_e.htm

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Canada:

Statistics Canada/Statistique Canada Periodical, Report:

A. Perspectives on Labour and Income, Vol. 8, no. 12, December 2007, .pdf and HTML format).

http://www.statcan.ca/english/freepub/75-001-XIE/75-001-XIE2007112.htm

B. "Alternative Livestock on Canadian Farms: Census years 1981, 1986, 1991, 1996, 2001 and 2006" (January 2008, .pdf format, 19p.).

http://www.statcan.ca/english/freepub/23-502-XIE/23-502-XIE2007001.pdf

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Czech Republic:

Czech Statistical Office Report: "Household Income And Living Conditions In The CR 2006," (December 2007, .pdf and Excel format).

http://www.czso.cz/csu/2006edicniplan.nsf/engp/30n2-06

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Cyprus:

Statistical Service Report: "Agricultural Statistics 2005" (December 2007, .pdf format, 154p.).

http://www.mof.gov.cy/mof/cystat/statistics.nsf/publications_en/publications_en?OpenForm&OpenView&RestrictToCategory=163&SrcTp=1&Category=1&Subject=6&SubSubject=3&subsubtext=14&

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Estonia:

Statistics Estonia News Release: "The net sales of enterprises grew almost by 100 billion kroons (9.397 billion US dollars) in 2006" (Dec. 28, 2007).

http://www.stat.ee/190800

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Ireland:

Central Statistics Office/An Phriomh-Oifig Staidrimh Reports:

A. "National Employment Survey, 2006," (December 2007, .pdf format, 64p.).

http://www.cso.ie/releasespublications/documents/earnings/nes2006/nes.pdf

B. "Household Budget Survey, 2004-2005: Final Results," (December 2007, .pdf format, 276p.).

http://www.cso.ie/releasespublications/hbs_2004-2005final.htm

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States of Jersey:

States of Jersey Statistical Unit Compendium: Jersey Economic Digest, 2007 (December 2007, .pdf format, 37p.).

http://www.gov.je/NR/rdonlyres/A1A2A4E7-95B8-40A7-963D-804DC9B38166/0/JED2007web.pdf

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Norway:

Statistics Norway Press Release: "Public transport by bus, boat and rail, 2005 and 2006; Increase in use of public transport," (January 3, 2008).

http://www.ssb.no/kolltrans_en/

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OTHER REPORTS, ARTICLES, ETC.

Urban Institute Report: "The Balance Sheets of Low-Income Households: What We Know About Their Assets and Liabilities," by Adam Carasso and Signe-Mary McKernan (November 2007, .pdf format, 63p.).

http://www.urban.org/url.cfm?ID=411594

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Federal Reserve Bank of St. Louis [Missouri] Periodicals:

A. Monetary Trends (January 2008, .pdf format, 20p.).

http://research.stlouisfed.org/publications/mt/

B. Review (Vol. 90, No. 1, January/February 2008, .pdf format, 62p., with data in Microsoft Excel format, and programs in .exe and .zip compressed .exe format).

http://research.stlouisfed.org/publications/review/current/

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WORKING PAPERS:

Federal Reserve Banks:

Federal Reserve Bank of Atlanta [Georgia]: "Assessing the Welfare Impact of the 2001 Tax Reform on Dual-Earner Families," by Julie L. Hotchkiss and Robert E. Moore (Working Paper 2007-27, December 20007, .pdf format, 27p.). Links to an abstract and full-text can be found at:

http://www.frbatlanta.org/invoke.cfm?objectid=F84E0B84-5056-9F12-12A1E1F3EA1B82D9&method=display

Federal Reserve Bank of Chicago [Illinois]: "Labor Market Transitions and Self-Employment," by Ellen Rissman (WP-2007-14, December 2007, .pdf format, 47p.). Links to an abstract and full-text can be found at:

http://www.chicagofed.org/economic_research_and_data/wp_abstract.cfm?pubsID=26926

Federal Reserve Bank of Cleveland [Ohio]: "Foreclosures in Ohio: Does Lender Type Matter?" by O. Emre Ergungor (WP07-24, December 2007, .pdf format, 42p.).

Abstract:

Whether mortgages are originated mostly by depository institutions regulated by the Federal agencies or by less-regulated lenders does not seem to affect the foreclosure filing rate in Ohioís counties. What seems to matter is whether the lenders have a physical presence in the market, in which case, foreclosure rates are lower.

http://www.clevelandfed.org/research/workpaper/2007/wp0724.pdf

Federal Reserve Bank of New York: "Firms and Flexibility," by Bart Hobijn and AysegŁl Sahin (Staff Report No. 311, December 2007, .pdf format, 49p.). Links to an abstract and full-text can be found at:

http://www.newyorkfed.org/research/staff_reports/sr311.html

Federal Reserve Bank of Philadelphia [Pennsylvania]: "The Reaction of Consumer Spending and Debt to Tax Rebates: Evidence from Consumer Credit Data," by Sumit Agarwal, Chunlin Liu, and Nicholas Souleles (Working Paper No. 07-34, December 2007, .pdf format, 46p.).

Abstract:

The authors use a new panel data set of credit card accounts to analyze how consumers responded to the 2001 federal income tax rebates. They estimate the monthly response of credit card payments, spending, and debt, exploiting the unique, randomized timing of the rebate disbursement. They find that, on average, consumers initially saved some of the rebate by increasing their credit card payments and thereby paying down debt. But soon afterward their spending increased, counter to the canonical permanent-income model. Spending rose most for consumers who were initially most likely to be liquidity constrained, whereas debt declined most (so saving rose most) for unconstrained consumers. More generally, the results suggest that there can be important dynamics in consumers' response to "lumpy" increases in income like tax rebates, working in part through balance-sheet (liquidity) mechanisms.

http://www.phil.frb.org/files/wps/2007/wp07-34.pdf

Federal Reserve Bank of St. Louis [Missouri]: "The Tax Treatment of Homeowners and Landlords and the Progressivity of Income Taxation," by Matthew Chambers, Carlos Garriga, and Don Schlagenhauf (Working Paper 2007-053A, December 2007, .pdf format, 41p.). Links to an abstract and full-text can be found at:

http://research.stlouisfed.org/wp/more/2007-053/

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California Center for Population Research [University of California-Los Angeles]: The Baby Boom and World War II: A Macroeconomic Analysis," by Matthias Doepke, Moshe Hazan, and Yishay D. Maoz (CCPR-036-07, December 2007, .pdf format, 45p.). Links to an abstract and full-text can be found at:

http://www.ccpr.ucla.edu/ccprwpabstracts/ccpr_036_07.htm

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US Census Bureau Center for Economic Studies:

A. "Regional Industrial Dominance, Agglomeration Economies, and Manufacturing Plant Productivity," by Joshua Drucker and Edward Feser (CES-WP-07-31, December 2007, .pdf format, 54p.).

Abstract:

In a seminal article, Benjamin Chinitz (1961) focused attention on the effects that industry size, structure, and economic diversification have on firm performance and regional economies. He also raised a related but conceptually distinct question that has been overlooked since: how does the extent to which a regional industry is concentrated in a single or small number of firms impact the performance of other local firms within that industry? He suggested that such regional industrial dominance may impact input prices, limit capital accessibility, deter entrepreneurial activity, and reduce the regional availability of agglomeration economies such as specialized labor and supply pools In this paper, we use an establishment-level production function to quantify the links between industrial dominance, agglomeration economies, and firm performance. We consider two questions. First, do greater levels of regional industrial dominance lead to lower economic performance by small, dominated manufacturing plants? Second, are small plants in dominated regional industries more limited in capturing regional agglomeration benefits and therefore do they face rigidities in deploying production factors to maximum advantage? Our results suggest that regional industrial organization does influence productivity but that the effect tends to be a direct one, rather than an indirect effect via its influence on agglomeration economies.

B. "The Role of Financial Conglomerates in Industry Formation: Evidence from Early Modern Japan," by John Tang (CES-WP-07-32, December 2007, .pdf format, 35p.).

Abstract:

Large conglomerates known as zaibatsu have long been credited with leading Japanese industrialization during the Meiji Period (1868-1912). I develop a new dataset collected from corporate genealogies and estimate the likelihood of first entry with discrete choice econometric methods. I find zaibatsu are indeed more likely to pioneer new industries relative to independent firms. This may be due to their ability to finance investments internally, autonomy from shareholder interference, and lower risk aversion from being diversified. Nevertheless, zaibatsu lag independent firms in introducing innovative technologies, possibly from their preference for scale and monopolistic industries, conservative ownership, and organizational complexity.

C. "Democratizing Entry: Banking Deregulations, Financing Constraints, and Entrepreneurship," by William Kerr and Ramana Nanda (CES-WP-07-33, December 2007, .pdf format, 41p.).

Abstract:

We study how US branch-banking deregulations affected the entry and exit of firms in the non-financial sector using establishment-level data from the US Census Bureauís Longitudinal Business Database. The comprehensive micro-data allow us to study how the entry rate, the distribution of entry sizes, and survival rates for firms responded to changes in banking competition. We also distinguish the relative effect of the policy reforms on the entry of startups versus facility expansions by existing firms. We find that the deregulations reduced financing constraints, particularly among small startups, and improved ex ante allocative efficiency across the entire firm-size distribution. However, the US deregulations also led to a dramatic increase in "churning" at the lower end of the size distribution, where new startups fail within the first three years following entry. This churning emphasizes a new mechanism through which financial sector reforms impact product markets. It is not exclusively better ex ante allocation of capital to qualified projects that causes creative destruction; rather banking deregulations can also "democratize" entry by allowing many more startups to be founded. The vast majority of these new entrants fail along the way, but a few survive ex post to displace incumbents.

All are available at:

http://www.ces.census.gov/index.php/ces/cespapers

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National Bureau of Economic Research: NBER has released the following working papers for the week of Dec. 24-31, 2007:

http://www.nber.org/new.html#latest

New papers are: 13697-13716

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International Monetary Fund: IMF has recently added several new working papers. The papers are Nos. 282-299.

http://www.imf.org/external/pubs/cat/wp1_sp.cfm?s_year=2007&e_year=2007&brtype=default

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World Bank Development Programme: WDP has recently released a new working paper. See the list at:

http://econ.worldbank.org/resource.php?type=5

New papers are: 4454-4473.

Click on "More" for the rest.

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Institute for Fiscal Studies [London, UK]: "Integrating Income Tax and National Insurance: An Interim Report," by Stuart Adam and Glen Loutzenhiser (IFS Working Papers, WP21/07, December 2007, .pdf format, 59p.). Links to an abstract and full-text can be found at:

http://www.ifs.org.uk/publications.php?publication_id=4101

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Institute for Social and Economic Research (ISER) [University of Essex, Colchester, UK]: "The Smokerís Wage Penalty Puzzle - Evidence from Britain," by Lasse F. Brune (ISER Working Paper No. 2007-31, December 2007, .pdf format, 40p.).

Abstract:

This work investigates the effect of smoking on wages for male workers using panel data from Britain for the period of 1991-2005. The strong negative correlation of smoking and wages found in a crosssectional analysis reduces substantially when accounting for unobserved individual heterogeneity using Fixed Effects estimation. I find a statistically significant wage penalty that is causally due to smoking of about -2% for smokers over those who quit. Further analysis indicates, however, that the negative effect might be underestimated when comparing with those who never started smoking or quit a long time ago.

http://www.iser.essex.ac.uk/pubs/workpaps/pdf/2007-31.pdf

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Centre d'Etudes de Populations, de Pauvretť et de Politiques Socio-Economiques / International Network for Studies in Technology, Environment, Alternatives, Development--Integrated Research Infrastructure in the Socio-economic Sciences (CEPS/INSTEAD--IRISS): "Who benefits from a job change: The dwarfs or the giants?" by Jeroen K. Vermunt, Dimitris Pavlopoulos, Ruud Muffels, and Didier Fouarge (IRISS Working Papers No. 2007-16, December 2007, .pdf format, 30p.).

Abstract:

Empirical studies have shown that voluntary job-to-job changes have a positive effect on wage mobility. In this paper, we suggest that the impact of a job change on wage growth depends on the position in the wage distribution. Using panel data from the UK and Germany, we investigate the effect of employer changes and within firm job changes on year-to-year wage mobility. We show that a change of employer results into a wage increase for the low-paid workers but not for the high-paid workers. Within-firm job changes produce, on average, moderate wage gains for the low-paid workers in the UK, but have no effect in Germany. Results on 3-year wage mobility are shown to be very similar to the results on year-to-year wage growth.

http://www.ceps.lu/pdf/11/art1302.pdf?CFID=135426&CFTOKEN=34629003&jsessionid=2030ee72325a2e45167b

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Institute for the Study of Labor (IZA) [University of Bonn, Germany]: IZA has recently released several new working papers.

http://www.iza.org/index_html?lang=en&mainframe=http%3A//www.iza.org/en/webcontent/publications/papers/index_html%3Fyear%3D2007&topSelect=publications&subSelect=papers

The new working papers are: 3233-3271

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Center for Economic Studies/Ifo Institute for Economic Research (CESifo) [Munich, Bavaria, Germany]: CESifo has recently released several new working papers:

http://www.cesifo.de/wp

and "Browse Working Paper List" for 2007.

The new papers are numbered 2170-2179

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New Economic Papers (NEP)-ALL. The latest list of New Economic Papers (Dec. 19, 2007).

http://ideas.repec.org/n/nep-all/

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AgEcon Search: This week's new working papers from AgEcon Search at the University of Minnesota are available at:

http://agecon.lib.umn.edu/cgi-bin/new.pl

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JOURNAL TABLES OF CONTENTS (check your library for availability):

Economic Journal (Vol. 118, No. 525, January 2008).

http://www.blackwell-synergy.com/toc/ecoj/118/525

Economics Letters (Vol. 98, No. 2, February 2008).

http://www.sciencedirect.com/science/journal/01651765

Economic Modelling (Vol. 25, No. 1, January 2008).

http://www.sciencedirect.com/science/journal/02649993

European Economic Review (Vol. 52, No. 1, January 2008).

http://www.sciencedirect.com/science/journal/00142921

IMF Staff Papers (Vol. 54, No. 4, December 2007).

http://www.imf.org/External/Pubs/FT/staffp/2007/04/index.htm

Journal of Economic Theory (Vol. 138, No. 1, January 2008).

http://www.sciencedirect.com/science/journal/00220531

Journal of International Economics (Vol. 74, No. 1, January 2008).

http://www.sciencedirect.com/science/journal/00221996

Journal of Urban Economics (Vol. 63, No. 1, January 2008).

http://www.sciencedirect.com/science/journal/00941190

Review of Financial Economics (Vol. 17, No. 1, 2008).

http://www.sciencedirect.com/science/journal/10583300

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LEGISLATION INFORMATION UPDATES:

US Senate Finance Committee Hearing Testimony: "The Housing Decline: The Extent of the Problem and Potential Remedies," a hearing held Dec. 13, 2007 (.pdf format).

http://finance.senate.gov/sitepages/hearing121307.htm

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DATA:

US Department of Agriculture, Economic Research Service:

A. "Major Land Uses" (December 2007, .pdf or Microsoft Excel and Lotus format). "ERS has been a source of major land use estimates in the United States for over 50 years, and the related U.S. cropland used for crops series dates back to 1910. The Major Land Uses (MLU) series is the only consistent accounting of all major uses of public and private land in the United States. The consistent series was started in 1945, and has since been published about every 5 years, coinciding with the Census of Agriculture. The MLU series contains acreage estimates of major uses by region and States for each census of agriculture year from 1945 through 2002. Data from all 14 Major Land Uses reports have been combined into a set of files showing major land uses from 1945 to 2002. Gaps in continuity (identified as "Not Available") occur only in categories with no data on which to base an estimate. This is the case in Alaska and Hawaii prior to statehood in 1959. Since Alaska contains such vast acreage, 50-State totals in all categories prior to 1959 may appear to change precipitously.

http://www.ers.usda.gov/Data/MajorLandUses/

B. "International Macroeconomic Data Set" (December 2007, Microsoft Excel format). "The International Macroeconomic Data Set provides data from 1969 through 2017 for real (adjusted for inflation) gross domestic product (GDP), population, real exchange rates, and other variables for the 190 countries and 34 regions that are most important for U.S. agricultural trade. The data presented here are a key component of the USDA Baseline projections process, and can be used as a benchmark for analyzing the impacts of U.S. and global macroeconomic shocks. The data for the Baseline projections are updated once a year in December to reflect the assumptions used for the Baseline. The historical data will be revised semiannually as the underlying data evolve.

http://www.ers.usda.gov/Data/Macroeconomics/

C. "Feed Grains Database" (December 2007, HTML, .pdf, and .Microsoft Excel format, with a custom query option). "This database contains statistics on four feed grains (corn, grain sorghum, barley, and oats), foreign coarse grains (feed grains plus rye, millet, and mixed grains), hay, and related items. This includes data published in the monthly Feed Outlook and previously annual Feed Yearbook. Data are monthly, quarterly, and/or annual depending upon the data series. Available data include:

* Supply: beginning stocks, production, and imports;
* Demand: utilization for food, industrial uses, and seed, feed and residual, exports, and ending stocks;
* Prices: farm and market prices;
* Quantities fed: concentrates, oilseed meals, and animal- and grain-protein feeds; * Feed-price ratios for livestock, poultry, and milk"

http://www.ers.usda.gov/Data/FeedGrains/

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Federal Reserve Bank of St. Louis (Missouri): ArchivaL Federal Reserve Economic Data (FRED) Update: "Vintage data have been added for 8 series on the Producer Price Index release. The earliest vintage date added is 1978-02-10 for series Producer Price Index Finished Goods: Capital Equipment."

http://alfred.stlouisfed.org/news/20080104

FRED:

http://alfred.stlouisfed.org/

In addition, new releases added to the FRED Database between Dec. 31, 2007 and Jan. 8, 2008 are available at the site.

Luxembourg Income Study: "Revision notes - Spain (Wave 5.2)," (December 27, 2007).

http://www.lisproject.org/techdoc/revisions.htm#rev41

LIS Information, including data access:

http://www.lisproject.org/

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