Current Social Science Research Report--Economics #7, March 20, 2007.

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 #7

To CSSRR-Health #7

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

CONFERENCES

DATA

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CENTRAL GOVERNMENT STATISTICAL AND NGO PUBLICATIONS

US

1. Bureau of Labor Statistics Press Release: "Archived Producer Price Index Detailed Report Information," (March 15, 2007). "Effective with the release of January 2007 PPI data, the full version of the monthly PPI Detailed Report has been made available to the public in PDF format. From June 2005 through December 2006, only tables 1 through 9 of this publication were provided as PDFs."

http://www.bls.gov/ppi/ppi_dr.htm

2. Internal Revenue Service Compendium: Internal Revenue Service Data Book, 2006 (March 2007, .pdf format, 76p.).

http://www.irs.gov/taxstats/article/0,,id=102174,00.html

3. Department of Agriculture Economic Research Service Report: "Food Spending in American Households, 2003-04," by Noel Blisard and Hayden Stewart (Economic Information Bulletin No. EIB-23 March 2007, .pdf format, 108p.)

http://www.ers.usda.gov/Publications/EIB23/

4. Energy Information Administration Country Analysis Briefs: "Algeria" (March 2007, HTML and .pdf format, 12p.)

http://www.eia.doe.gov/emeu/cabs/Algeria/Background.html

5. US Government Economic Releases from the National Bureau of Economic Research: Links to releases for Mar. 13 - Mar. 20, 2007 are available at the site.

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

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US States:

Alaska:

Labor and Workforce Development Periodical: Alaska Economic Trends (March 2007, .pdf format). The featured article this month concerns the American Community Survey.

http://labor.state.ak.us/trends/

Hawai'i:

Department of Business, Economic Development & Tourism Periodical: Monthly Economic Indicators: January 2007 (March 2007, .pdf format, 5p.).

http://www.hawaii.gov/dbedt/info/economic/data_reports/mei

Idaho:

Employment and Commerce Newsletter: Idaho Employment Newsletter: February 2007 (Vol. 19, No. 2, March 2007, .pdf format, 24p.).

http://cl.idaho.gov/dnn/Default.aspx?tabid=1188

Iowa:

1. Workforce Development: "Historical Labor Force, Employment and Unemployment Data" (March 2007, data available for 2006).

http://www.iowaworkforce.org/lmi/laborforce/etables/lastyear/lastyear.htm

2. State Data Center Update: The SDC announced the following updates on Mar. 16, 2007 (all .pdf and Microsoft Excel format): For the state of Iowa: Farm income and expenses: 2000-2005; Regional economic fact sheets (BEARFACTS): 2005; Total employment by NAICS industry: 2001-2005; Wage and salary employment by NAICS industry: 2001-2005.

http://www.iowadatacenter.org/indexlinks/New

See Mar. 16, 2007 entry.

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NGOs and Other Countries

United Nations:

Development Programme International Poverty Center Country Study: "Expanding Decent Employment in Kenya: The Role of Monetary Policy, Inflation Control, and the Exchange Rate," by Robert Pollin and James Heintz (Country Study No. 6, March 2007, .pdf format, 48p.).

http://www.undp-povertycentre.org/pub/IPCCountryStudy006.pdf

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European Commission:

Eurostat Periodicals: Statistics in Focus (all .pdf format, 8p.). The latest issues are: "EU International Trade in Services in 2005 - Issue number 29/2007"; "Tax revenue in the EU - Issue number 31/2007"; "Employment and earnings in high-tech sectors - Issue number 32/2007" (8p.); and "Harmonized indices of consumer prices - January 2007 - Issue number 33/2007."

http://epp.eurostat.ec.europa.eu/portal/page?_pageid=2173,49287715&_dad=portal&_schema=PORTAL&ci=1130657,0

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Organisation for Economic Co-operation and Development Policy Brief: "Economic survey of Belgium 2007" (March 2007, .pdf format, 12p.).

http://www.oecd.org/document/44/0,2340,en_2649_201185_38202732_1_1_1_1,00.html

Click on "Policy Brief (pdf format)" under "How to obtain this publication" near the bottom of the page for link to full text.

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International Monetary Fund Country Reports: The latest Country Reports span the time period from Mar. 13-20, 2007 (Nos. 07/109--07/110).

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

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Denmark:

Statistics Denmark Statbank Denmark Updates:

A. "ERH1: Workplaces by region and size"

http://www.statbank.dk/ERH1

B. "ERH13: Workplaces by region and industry"

http://www.statbank.dk/ERH13

C. "ERH16: Workplaces by region, industry and size"

http://www.statbank.dk/ERH16

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Iceland:

Statistics Iceland News Release: "Gross Domestic Product 2006 - Provisional data" (No. 32/2007, Mar. 14, 2007).

http://www.statice.is/?PageID=444&NewsID=2405

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Netherlands:

Statistics Netherlands Web Magazine Article: "Funeral business continues to grow" (Mar. 14, 2007).

http://www.cbs.nl/en-GB/menu/themas/handel-horeca/publicaties/artikelen/archief/2007/2007-90003-wk.htm

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Norway:

Statistics Norway News Release: "Wage statistics. Wage totals from End of the Year Certificate Register. Preliminary figures, 2006: Average paid wages up 5.7 per cent" (Mar. 16, 2007). The news release links to three topical tables.

http://www.ssb.no/english/subjects/06/05/lonnltreg_en/

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Oman:

Ministry of the National Economy Periodical: Monthly Statistical Bulletin: February 2007 (March 2007, .pdf format).

http://www.moneoman.gov.om/publication_detail.asp?pid=302

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Sweden:

Statistics Sweden Press Release: "Large surplus for the municipalities" (Mar. 16, 2007).

http://www.scb.se/templates/pressinfo____196583.asp

UK:

National Statistics Office, Various:

A. "Benefits Data Indicators: Working Age Client Group, 2001 to 2004" (March 2007, HTML, Microsoft Excel, and comma separated value [.csv] format).

http://neighbourhood.statistics.gov.uk/dissemination/Info.do?page=Releases/19March2007.htm

Links to data is at the bottom of the page.

B. Financial Statistics (No. 539, March 2007, .pdf format, 287p.).

http://www.statistics.gov.uk/StatBase/Product.asp?vlnk=376&Pos=1&ColRank=1&Rank=422

C. Economic & Labour Market Review (Vol. 1, No. 3, March 2007, .pdf format, 68p., with accompanying data tables in Microsoft Excel format).

http://www.statistics.gov.uk/elmr/03_07/

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OTHER REPORTS, ARTICLES, ETC.

Federal Reserve Bank of Chicago Article: "Chicago Workshop on Black-White Inequality: A Summary," by Derek A. Neal (Chicago Fed Letter, No. 237a, April 2007, .pdf format, 4p.).

http://www.chicagofed.org/publications/fedletter/cflapril2007_237a.pdf

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Urban Institute Report: "What Is Responsible for the Growth of the AMT?" by Greg Leiserson and Jeff Rohaly. (Mar. 13, 2007, .pdf format, 4p.)

http://www.urban.org/publications/901053.html

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MDRC Report: "Implementation and First-Year Impacts of the UK Employment Retention and Advancement (ERA) Demonstration," by Richard Dorsett, Verity Campbell-Barr, Gayle Hamilton, Lesley Hoggart, Alan Marsh, Cynthia Miller, Joan Phillips, Kathryn Ray, James A. Riccio, Sarah Rich, and Sandra Vegeris (February, 2007, .pdf format, 211p.). Links to a summary and full text are available at:

http://www.mdrc.org/publications/444/summary.html

More information about MDRC:

http://www.mdrc.org/about.htm

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WORKING PAPERS:

Federal Reserve Banks:

Federal Reserve Bank of Philadelphia (Pennsylvania):

A. "Matching Externalities and Inventive Productivity by Robert M. Hunt. (March 2007, Working Paper No. 07-7, .pdf format, 12p.).

Abstract:

"This paper generalizes and extends the labor market search and matching model of Berliant, Reed, and Wang (2006). In this model, the density of cities is determined endogenously, but the matching process becomes more efficient as density increases. As a result, workers become more selective in their matches, and this raises average productivity (the intensive margin). Despite being more selective, the search process is more rapid so that workers spend more time in productive matches (the extensive margin). The effect of an exogenous increase in land area on productivity depends on the sensitivity of the matching function and congestion costs to changes in density."

http://www.phil.frb.org/files/wps/2007/wp07-7.pdf

B. "Mismeasured Personal Saving and the Permanent Income Hypothesis," by Leonard I. Nakamura and Tom Stark (February 2007, Working Paper No. 07-8, .pdf format, 21p.).

Abstract:

"Is it possible to forecast using poorly measured data? According to the permanent income hypothesis, a low personal saving rate should predict rising future income (Campbell, 1987). However, the U.S. personal saving rate is initially poorly measured and has been repeatedly revised upward in benchmark revisions. We use both conventional and real-time estimates of the personal saving rate in vector autoregressions to forecast real disposable income; using the level of the personal saving rate in real time would have almost invariably made forecasts worse, but first differences of the personal saving rate are predictive. We also test the lay hypothesis that a low personal saving rate has implications for consumption growth and find no evidence of forecasting ability."

http://www.phil.frb.org/files/wps/2007/wp07-8.pdf

Federal Reserve Bank of San Francisco (California)" "Innovations in Mortgage Markets and Increased Spending on Housing," by Mark S. Doms and John Krainer (WP No. 2007-05, February 2007, .pdf format, 21p.).

Abstract:

"Over the past several decades, innovations in the mortgage market have benefited consumers through a variety of channels. Innovations include the lowering of down payment requirements, increased flexibility in repayment schedules, and the reduction of costs associated with extracting equity from homes. To ascertain the ways in which these innovations would alter spending on housing, we develop a model of the home buying and mortgage choice decision that produces a number of testable implications. For instance, the lowering of down payment requirements should result in homeownership rates increasing, especially for households that are traditionally cash constrained. In fact, we show that between 1994 and 2004, the homeownership rate for young and low-income households rose sharply. Increased flexibility of repayment schedules should assist households in smoothing their housing consumption choices. Empirically, we document that households have increased the share of their income spent on housing by a substantial margin. The result is robust to the changing composition of households and also to regional location. Households that have been traditionally cash constrained have increased their housing expenditures but tend to have low mortgage rates, suggesting that these households may be financing their increased housing consumption with alternative, flexible mortgage products."

http://www.frbsf.org/publications/economics/papers/2007/wp07-05bk.pdf

Federal Reserve Bank of St. Louis (Missouri): "Does Government Spending Really Crowd Out Charitable Contributions? New Time Series Evidence," by Thomas A. Garrett, and Russell M. Rhine. (Working Paper 2007-012A, March 2007, .pdf format, 21p.) Link to an abstract and full text are available at:

http://research.stlouisfed.org/wp/more/2007-012/

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John F. Kennedy School of Government Faculty Research Working Papers: "Too Good to Be True? An Examination of Three Economic Assessments of California Climate Change Policy," by Robert Stavins, Judson Jaffe and Todd Schatzki (RWP07-016, March 2007, .pdf format, 44p.). Links to an abstract and full text are available at:

http://ksgnotes1.harvard.edu/Research/wpaper.nsf/rwp/RWP07-016

Click on PDF icon for link to full text.

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International Monetary Fund: IMF has added new working papers. The papers are Nos. 07/56--07/64.

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 several new working papers. See the list at:

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

New Papers are: 4168-4176

and click on "More" for the rest.

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European Central Bank: "Commodity Prices, Money and Inflation," by Frank Browne and David Cronin (WP 738, March 2007, .pdf format, 23p.)

Abstract:

The influence of commodity prices on consumer prices is usually seen as originating in commodity markets. We argue, however, that long run and short run relationships should exist between commodity prices, consumer prices and money and that the influence of commodity prices on consumer prices occurs through a money-driven overshooting of commodity prices being corrected over time. Using a cointegrating VAR framework and US data, our empirical findings are supportive of these relationships, with both commodity and consumer prices proportional to the money supply in the long run, commodity prices initially overshooting their new equilibrium values in response to a money supply shock, and the deviation of commodity prices from their equilibrium values having explanatory power for subsequent consumer price inflation.

http://www.ecb.int/pub/pdf/scpwps/ecbwp738.pdf

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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: 2670-2690.

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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 1943-1946.

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New Economic Papers (NEP)-ALL. The latest list of New Economic Papers (Mar. 10, 2007) is available at:

http://ideas.repec.org/n/nep-all/2007-03-10.html

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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):

American Economic Review (Vol. 97, No. 1, March 2007). Note: Full electronic text of this journal is available in the ProQuest Research Library and the EBSCO Host Academic Search Elite Database. Check your library for the availability of these databases and this issue.

http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=97&issue=1&issue_date=March%202007

European Economic Review (Vol. 51, No. 3, April 2007).

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

Management Science (Vol. 53, No. 3, March 2007).

http://mansci.journal.informs.org/content/vol53/issue3/index.dtl

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CONFERENCES

Bureau of Labor Statistics: "2007 Consumer Expenditure Survey (CE) Microdata Users' Workshop," to be held July 16-17, 2007 (Washington, DC). For more information about the workshop, as well as registration information, go to:

http://www.bls.gov/cex/csxworkshop.htm

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Economic Commission for Latin America and the Caribbean Summer School on Latin American Economies, 2007: "Applications for the 8th Summer School on Latin American Economies will be open until 25 May, 2007. The school, organized by the Division of Production, Productivity and Management of the Economic Commission for Latin America and the Caribbean (ECLAC), will run from 18 July to 28 September, 2007, in Santiago, Chile." For more information see:

http://www.eclac.org/cgi-bin/getProd.asp?xml=/prensa/noticias/comunicados/3/28053/P28053.xml&xsl=/prensa/tpl-i/p6f.xsl&base=/tpl-i/top-bottom.xsl

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DATA:

US Bureau of Labor Statistics: "Technical information: Revisions to CES data for late sample reports, annual benchmarking, and other factors," (March 13, 2007).

http://www.bls.gov/ces/cesregrevtec.htm

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US Department of Housing and Urban Development: "HUD Subprime and Manufactured Home Lender List" (March 2007, Microsoft Excel format). The spreadsheet contains annual lists from 1997-2005).

http://www.huduser.org/datasets/manu.html

Link to data is at the bottom of the page.

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US Department of Agriculture, Economic Research Service:

A. "Agricultural Productivity in the United States" (Mar. 13, 2007, Microsoft Excel Format) "Increased productivity is the main contributor to growth in U.S. agriculture. This data set provides estimates of productivity growth in the United States for 1948-2004, and estimates of productivity growth and relative productivity levels across States for 1960-1999."

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

B. "Foreign Agricultural Trade of the United States (FATUS) (March 2007, Microsoft Excel format). Data for calendar year 2006 is now available.

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

C. "Food Availability (Per Capita) Data System" (February 2007, Microsoft Excel format and a custom query system).

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

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