Current Social Science Research Report--Economics #29, September 4, 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:


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


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Index to this issue:
















1. Department of Treasury Periodical: Treasury Bulletin (September. 2007, Microsoft Word format).

2. Department of Labor Report: "America's Dynamic Workforce: 2007" (August 2007, .pdf format, 45p., with an accompanying chartbook, .pdf format, 72p.).

3. Bureau of Labor Statistics Reports, Periodicals:

A. "Charts from the American Time Use Survey," (August 2007). "The American Time Use Survey collects information about the activities people do during the day and how much time they spend doing them." Theses charts provide summaries for the following topical areas: Older Americans, Students, Care of household children, Household activities, Leisure and sports activities, Sleep, and Work and employment.

B, "Wages and Bonuses in Investment Banking," (Issues in Labor Statistics, August 2007, .pdf format, 2p.).

C. Monthly Labor Review (Vol. 130, No. 7/8, July/August 2007, .pdf format).

Note: this is a temporary address. When the next MLR is released, this one, along with all others back to 1981, will be available at:

D. Compensation and Working Conditions Online. The most recent article is dated Aug. 29, 2007.

4. National Science Foundation Report: "Federal R&D Funding by Budget Function: Fiscal Years 2006-08" (NSF 07-332, August 2007, .pdf and Microsoft Excel format, 48p.).

Click on "Data Tables" under "Contents" for link spreadsheets.

5. Government Accountability Office Report: "Advance Earned Income Tax Credit: Low Use and Small Dollars Paid Impede IRS's (Internal Revenue Service) Efforts to Reduce High Noncompliance" (GAO-07-1110, August 2007, .pdf format, 96p.).

Note: this is a temporary address. GAO reports are available at:

6. Department of Agriculture, Economic Research Service Periodical, Reports:

A. Amber Waves September 2007, HTML and .pdf format, 40p.).

Note: this is a temporary address. When the next AW is released, this one, along with all others back to 2003, will be available at:

B. "Global Growth, Macroeconomic Change, and U.S. Agricultural Trade," by Mark Gehlhar, Erik Dohlman, Nora Brooks, Alberto Jerardo, and Thomas Vollrath (Economic Research Report No. ERR-46, September 2007, .pdf format, 44p.).

C. "Economic Returns to Public Agricultural Research," by Keith O. Fuglie and Paul W. Heisey (Economic Brief No. EB-10, September 2007, .pdf format, 9p.).

D. "Productivity Growth in U.S. Agriculture," by Keith O. Fuglie, James M. MacDonald, and Eldon Ball (Economic Brief No. EB-9, September 2007, .pdf format, 7p.).

E. "Effects of Reducing the Income Cap on Eligibility for Farm Program Payments," by Ron L. Durst (Economic Information Bulletin No. EIB-27, September 2007, .pdf format, 22p.).

F. "Profits, Costs, and the Changing Structure of Dairy Farming," by James M. MacDonald, Erik O’Donoghue, William McBride, Richard Nehring, Carmen Sandretto, and Roberto Mosheim (Economic Research Report No. ERR-47, .pdf format, 41p.).

7. Energy Information Administration Country Analysis Briefs:

A. "Colombia" (September 2007).

B. "Caribbean" (September 2007, HTML and .pdf format, 7p.).

8. US Government Economic Releases from the National Bureau of Economic Research: Links to releases for Aug. 28- Sep. 4, 2007 are available at the site.

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US States:


Labor and Workforce Development Periodical: Alaska Economic Trends (September 2007, .pdf format, 19p.). The lead article of this month's issue is: "Alaska’s Non-Oil Tax Revenue."

New Jersey:

Department of Labor & Workforce Development Report: "Employment Status of the Civilian Noninstitutional Population by Sex, Race, and Hispanic Origin: 1990 - 2006 Annual Averages for New Jersey" (August 2007).

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NGOs and Other Countries:

European Commission:

Eurostat Periodicals:

A. Statistics in Focus. The latest issues (07/102-07/103, 07/105-07/106, .pdf format) are now available at the SIF website:,1136118&_dad=portal&_schema=PORTAL

B. Data in Focus The latest issue is No. 16, 2007. (.pdf format). The topic of this issue is: "Labour Market Latest Trends - 1st quarter 2007 data.",46587259&_dad=portal&_schema=PORTAL&p_product_code=KS-QA-07-016


Organisation for Economic Co-operation and Development Policy Brief: "Economic Assessment of Ukraine 2007" (September 2007, HTML and .pdf format, 8p.).,3343,en_2649_201185_39105649_1_1_1_1,00.html

Click on "Policy Brief" near the bottom of the page for link to full text .pdf.


International Labour Organization Reports:

A. "Key Indicators of the Labor Market Programme" (September 2007, .pdf format).

B. "Equality at work: Tackling the challenge" (2007, .pdf format, 127p.).


International Monetary Fund Country Reports The latest Country Reports span the time period from Aug. 28-Sep. 4, 2007 (No. 07/295-07/302).



Statistics Estonia News Release: "Living standard in counties is improving at a different pace" (Aug. 31, 2007).



Central Statistical Office Periodical: Statistical Report (June 2007, .pdf format, 44p.).



Central Statistics Office/An Phriomh-Oifig Straidrimh Report: "National Income and Expenditure, 2006 - Detailed Tables" (August 2007, .pdf format, 64p.).



National Statistical Office Report: "Economic and Social Situation of Mongolia (As first 7 months of 2007)" (August 2007).



Statistics Netherlands Web Magazine Articles, Press Release:

A. "Large differences in spending between young and old," by Claudia Valkenburg (Aug. 28, 2007).

B. "Nearly one quarter of imported clothes made in China (Aug. 28, 2007).

C. "Steady fall in income support benefits" (Press release, Aug. 30, 2007, HTML and .pdf format, 1p.).



Statistics Norway News Releases:

A. "Entrepreneurs are predominantly men" (Aug. 31, 2007). The news release links to 13 topical tables.

B. "Employment among disabled unchanged" (Aug. 30, 2007). The news release links to two topical tables.

C. "Fisheries. Preliminary figures, 2007: Increase in landed value" (Aug. 29, 2007).

D. "The National Forest Inventory. 2002-2006: Increasing volume of growing stock: (Aug. 28, 2007). The news release links to five topical tables.

E. "Agricultural properties, 2006: Many uninhabited agricultural properties" (Aug. 28, 2007). The news release links to two topical tables.



Central Statistical Office Report: "Internal market in 2006" (August 2007, .pdf and .zip compressed .pdf format, 67p.).


South Africa:

Statistics South Africa Reports:

A. "Non-Financial Census of Municipalities June 2006" (September 2007, .pdf format, 28p., with tables in Microsoft Excel format).

B. "Financial statistics of extra-budgetary accounts and funds 2005/2006" (August 2007, .pdf format, 38p.).



Swiss Statistics Report: "Swiss Environmental Statistics: A Brief Guide 2007" (2007, .pdf format, 32p.).



National Statistics Office Report: "Statistical Analysis of National Wealth 2005" (August 2007). Note: there are links to further relevant information under "National Wealth Statistics" (HTML, Microsoft Word, and .pdf format) on the left side of the page).

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American Enterprise Institute Brief: "The SCHIP: Hidden Incentives for States to Spend Federal Funds," by Robert B. Helms (Health Policy Outlook No. 10, August 2007, HTML and .pdf format, 5p.).


Cato Institute Report: "Thriving in a Global Economy: The Truth about U.S. Manufacturing and Trade," by Daniel J. Ikenson (Trade Policy Analysis no. 35, August 2007, .pdf format, 25p.).

Link to full text is at the bottom of the page.


Federal Reserve Bank of New York Periodical Article: "Job Growth in New York and New Jersey: Mid-2007 Review and Outlook," by Jason Bram, James Orr, and Rae Rosen (in Current Issues in Economics and Finance (Vol. 13, No. 7, August 2007, HTML and .pdf format, 7p.).

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Federal Reserve Banks:

Federal Reserve Bank Finance and Economics Discussion Series: "Housing and the Monetary Transmission Mechanism," by Frederic S. Mishkin (WP 2007-40, .pdf format, 53p.). Links to an abstract and full text are available at:

Federal Reserve Bank of Cleveland [Ohio]: "Crashes and Recoveries in Illiquid Markets," by Ricardo Lagos, Guillaume Rocheteau, and Pierre-Olivier Weill (WP07-08, August 2007, .pdf format, 68p.).

We study the dynamics of liquidity provision by dealers during an asset market crash, described as a temporary negative shock to investors’ aggregate asset demand. We consider a class of dynamic market settings where dealers can trade continuously with each other, while trading between dealers and investors is subject to delays and involves bargaining. We derive conditions on fundamentals, such as preferences, market structure and the characteristics of the market crash (e.g., severity, persistence) under which dealers provide liquidity to investors following the crash. We also characterize the conditions under which dealers’ incentives to provide liquidity are consistent with market efficiency.

Federal Reserve Bank of St. Louis [Missouri]:

A. "Managing International Portfolios with Small Capitalization Stocks," by Massimo Guidolin, and Giovanna Nicodano (Working Paper 2007-030A, August 2007, .pdf format, 45p.). Links to an abstract and full text are available at:

B. "Earnings Functions When Wages and Prices Vary by Location," by Dan Black, Natalia Kolesnikova, and Lowell J. Taylor (Working Paper 2007-031A, August 2007, .pdf format, 33p.). Links to an abstract and full text are available at:

C. "Jumps, Cojumps and Macro Announcements," by Jérôme Lahaye, Sébastien Laurent, and Christopher J. Neely (Working Paper 2007-032A, August 2007, .pdf format, 43p.). Links to an abstract and full text are available at:

D. "Incomplete Information and Self-fulfilling Prophecies," by Pengfei Wang and Yi Wen (Working Paper 2007-033A, August 2007, .pdf format, 26p.). Links to an abstract and full text are available at:

E. "Accounting for Changes in the Homeownership Rate," by Matthew Chambers, Carlos Garriga, and Don Schlagenhauf (Working Paper 2007-034A, August 2007, .pdf format, 49p.). Links to an abstract and full text are available at:

F. "Optimal Fiscal Policy in the Design of Social Security Reforms," by Juan Carlos Conesa, and Carlos Garriga (Working Paper 2007-035A, August 2007, .pdf format, 36p.). Links to an abstract and full text are available at:

G. "Optimal Taxation with Imperfect Competition and Aggregate Returns to Specialization," by Javier Coto-Martínez, Carlos Garriga, and Fernando Sánchez-Losada (Working Paper 2007-036A, August 2007, .pdf format, 30p.). Links to an abstract and full text are available at:

Federal Reserve Bank of San Francisco [California]: "Imperfect Information, Self-Selection and the Market for Higher Education," by Tal Regev (Working Paper No. 2007-18, August 2007, .pdf format, 29p.).


This paper explores how the steady trends in increasing tuition costs, college enrollment, and the college wage gap might be related to the quality of college graduates. The model shows that the signaling role of education might be an important yet largely neglected ingredient in these recent changes. I develop a special signaling model in which workers of heterogeneous abilities face the same costs, yet a larger proportion of able individuals self-select to attend college since they are more likely to get higher returns. With imperfect information, the skill premium is an outcome which depends on the equilibrium quality of college attendees and nonattendees. Incorporating a production function of college education, I discuss the properties of the college market equilibrium. A skill-biased technical change directly decreases self-selection into college, but the general equilibrium effect may overturn the direct decline, since increased enrollment and rising tuition costs increase self-selection. Higher initial human capital has an external effect on subsequent investment in school: All agents increase their education, and the higher equilibrium tuition costs increase self-selection and the college premium.


International Monetary Fund: IMF has recently added new working papers. The papers are Nos. 207-212.


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

New Papers are: 4336-4342

and click on "More" for the rest.


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

The new working papers are: 3011-3020


Asian Development Bank: "Time Preference and Natural Resource Use by Local Communities: The Case of Sinharaja Forest in Sri Lanka," by H.M. Gunatilake, W.A.R. Wickramasinghe, and P. Abeygunawardena (No. 100, August 2007, .pdf format, 36p.).


Empirical studies on the impact of the individual rate of time preference (IRTP) on natural resource use are scarce. This paper investigates the impact of IRTP on forest resources harvesting from the Sinharaja Man and Biosphere Reserve in Sri Lanka. The impact of IRTP on the harvest rate of forest resources was tested using a simultaneous equation model. Analysis of the determinants of IRTP shows that the base value and age of the respondents negatively influence the IRTP while risk perception positively influences the IRTP. More importantly, low income induces a higher IRTP, indicating that poverty is an important determinant of the IRTP. Further, the results show that individuals with a higher rate of time preference harvest more forest resources. Overall, the results suggest that long-term strategies for management of nature reserves would require poverty alleviation in the peripheral communities, among other measures.


New Economic Papers (NEP)-ALL. The latest list of New Economic Papers (Aug. 27, 2007) is available at:


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

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

Annals of Statistics (Vol. 35, No. 4, August 2007).

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American Statistical Association: ASA has updated its employment page with listings from Aug. 29- Sep. 4, 2007).

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US Department of Agriculture:

A. "Farm Income (August 2007, HTML, Microsoft Excel, and IBM Lotus spreadsheet format).

B. "State Fact Sheets" (Updated August 2007, HTML and Microsoft Excel format).


UK Data Archive (Essex University, Colchester, UK): The UK Data Archive has recently added the following datasets to its holdings. Note: There maybe charges or licensing requirements on holdings of the UK Data Archive. For more information see:

SN 5697 -Financial Capability Baseline Survey, 2005

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Panel Study Of Income Dynamics Bibliography Update: The University of Michigan Institute for Social Research PSID has recently added the following item to its bibliography. The entire bibliography can be searched or browsed in various ways at:

Ahn, Seung Chan; Low, Stuart; Kim, Dae II, and Ryu, Keunkwan. A Parametric Test for the Distinction Between Unemployed and Out of the Labor Force Statuses/ Comments and Discussion. Seoul Journal of Economics. 2007; 20(1):59-92.

Conde-Ruiz, J. Ignacio and Profeta, Paola. The Redistributive Design of Social Security Systems. The Economic Journal. 2007; 117(April):686-712.

Di, Zhu Xiao. Do Homeowners Have Higher Future Household Income?. Housing Studies. 2007; 22(4):459-472.

Firpo, Sergio Pinheiro. Efficient Semiparametric Estimation of Quantile Treatment Effects. Econometrica. 2007; 75(1):259-276.

Han, Song and Li, Wenli. Fresh Start or Head Start? The Effects of Filing for Personal Bankruptcy on Work Effort. Journal of Financial Services Research. 2007; 31(2-3):123-153.

Orrefice, Sonia. Did the Legalization of Abortion Increase Women's Household Bargaining Power? Evidence from Labor Supply. Review of Economics of the Household. 2007; 5(2):181-208.

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