Current Social Science Research Report--Economics #37, October 30, 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, Bureau of Economic Analysis Periodical: Survey of Current Business (Vol. 87, No. 10, October 2007, .pdf format).

2. Bureau of Labor Statistics Reports, Periodical:

A. "Women in the Labor Force: A Databook (2007 Edition)," (Report 1002, Sept. 2007, .pdf format, 88p.).

B. "A Profile of the Working Poor, 2005" (Report 1001, Sept. 2007, .pdf format, 14p.).

C. Compensation and Working Conditions Online. The most recent article is dated Oct. 24, 2007.

3. Small Business Association News Release: "SBA Loan Guarantees Maintain Record-Breaking Trend in FY2007; Approved 20.6 billion dollars in 110,000 Small Business Loans" (Oct. 22, 2007, .pdf format, 3p.).

4. US Government Economic Releases from the National Bureau of Economic Research: Links to releases for Oct. 23-30, 2007 are available at the site.

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US States:


Center for Business and Economic Research Periodical: Alabama Business (4th quarter 2007, .pdf format, 11p.).


State Data Center Updates: The State Data Center updated the following files on Oct. 26, 2007 (all .pdf and Microsoft Excel format): Iowa County: "Federal expenditures by program: 2003-2005 (individual counties)"; Iowa City/Incorporated Places: Federal expenditures by program: 2003-2005.

See Oct. 26, 2007 listing.


Department of Labor Report: "Job Vacancies in Kansas: 2007" (October 2007, HTML and Microsoft Excel format).


State Data Center Report: "State Quarterly Personal Income Through the 1st Quarter of 2007" (October 2007, .pdf and Microsoft Excel format).

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NGOs and Other Countries:

United Nations:

International Atomic Energy Agency Report: "Energy, Electricity and Nuclear Power for the Period up to 2030" (October 2007, .pdf format, 53p.).


European Commission:

Eurostat Periodicals:

A. Statistics in Focus. The latest issue (07/117-07/118, .pdf format) are now available at the SIF website:,1136118&_dad=portal&_schema=PORTAL

B. Data in Focus. The latest issue (20/07, .pdf format) is now available at the DIF website:,62992791&_dad=portal&_schema=PORTAL


International Monetary Fund:

The latest Country Reports span the time period from Oct. 16-26, 2007 (No. 07/354-07/355).



Statistics Canada/Statistique Canada Periodical: Perspectives on Labour and Income (Vol. 8, No. 10, October 2007, HTML and .pdf format p. 5-16). The topic of this month's issue is: "Economic integration of immigrants' children," by Boris Palameta.



Statistics Estonia News Releases:

A. "Households’ inevitable expenditures differ two times" (Oct. 24, 2007).

B. "Few enterprises can cope without computer" (Oct. 25, 2007).



Central Statistics Office Report: "Annual Services Inquiry, 2005" (October 2007, .pdf format, 178p.).



National Statistics Office News Release: "Government Debt and Deficit under Maastricht Treaty: Second Reporting for 2007" (167/2007, Oct. 22, 2007, .pdf format, 5p.).


New Zealand:

Statistics New Zealand/Tatauranga Aotearoa Reprt: "Screen Industry in New Zealand: 2006" (October 2007, .pdf format, 107p., with tables in Microsoft Excel format).



Statstics Norway News Releases:

A. "Central government - StatRes, 1995-2006: Increase in central government input" (Oct. 25, 2007).

B. "Universities and university colleges - StatRes: Slight increase in man-years" (Oct. 25, 2007).



Central Statistical Office Reports:

A. "Statistical Bulletin" (October 2007, .zip compressed Microsoft Excel tables and technical documentation in .zip compressed .pdf format, 27p.).

B. "Financial results of banks in 2006" (October 2007, .pdf format, 150p., with tables in .zip compressed Microsoft Excel format).

C. "Accidents at work in 2006" (October 2007, .pdf format, 125p., with tables in .zip compressed Microsoft Excel format).



National Institute of Statistics Periodical: International Trade Statistical Bulletin (No. 7, 2007, .pdf format, 120p.).

and click on periodical icon under the title. Note: this is a temporary address. for 2007 archives click on "Monthly statistics archive - 2007."



Scottish Government Report: "Final results of the 2007 June Agricultural Census" (October 2007).

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Federal Reserve Bank of St. Louis (Missouri) Periodical: International Economic Trends (November 2007, .pdf format, 47p.).


Urban Institute Report: "Distributional Effects of the Major Individual Income Tax Provisions of H.R. 3970," by Greg Leiserson and Jeff Rohaly (October 2007, .pdf format, 17p.).


MDRC Report: "From Getting By to Getting Ahead: Navigating Career Advancement for Low-Wage Workers," by Betsy L. Tessler and David Seith (October 2007, .pdf format, 133p.).

More information about MDRC:


Tax Foundation Report: "Personalizing the Corporate Income Tax," by Gerald Prante and Scott A. Hodge (Fiscal Fact No. 106, October 2007, .pdf format, HTML and .pdf format, 7p.).

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Federal Reserve Banks:

Federal Reserve Board: "Do High Debt Payments Hinder Household Consumption Smoothing," by Kathleen W. Johnson and Geng Li (Finance and Economics Discussion Series 2007-52, October 2007, .pdf format, 40p.). Links to an abstract and full-text are available at:

Federal Reserve Bank of Chicago [Illinois]: "Conflict of Interest and Certification in the U.S. IPO Market," by Luca Benzoni and Carola Schenone (WP-2007-09, July 2007, .pdf format, 35p.). Links to an abstract and full text are available at:

Federal Reserve Bank of Cleveland [Ohio]: "Crime and the Labor Market: A Search Model With Optimal Contracts," by Bryan Engelhardt, Guillaume Rocheteau and Peter Rupert (WP 07-15, October 2007, .pdf format, 47p.). Links to an abstract and full text are available at:

Federal Reserve Bank of Dallas [Texas]: "The Minimum Wage and Latino Workers," by Pia M. Orrenius and Madeline Zavodny (Working Paper 07-08, October 2007, .pdf format, 34p.).


Because Latinos comprise a large and growing share of the low-skilled labor force in the U.S., Latinos may be disproportionately affected by minimum wage laws. We compare the effects of minimum wage laws on employment and earnings among Hispanic immigrants and natives compared with non-Hispanic whites and blacks. We focus on adults who have not finished high school and on teenagers, groups likely to earn low wages. Conventional economic theory predicts that higher minimum wages lead to higher hourly earnings among people who are employed but lower employment rates. Data from the Current Population Survey during the period 1994-2005 indicate that there is a significant disemployment effect of higher minimum wages on Latino teenagers, although it is smaller for foreign- than native-born Latinos. Adult Latino immigrants are less affected by minimum wage laws than other low-education natives. We investigate whether skill levels and undocumented status help explain these findings.

Federal Reserve Bank of Kansas City [Missouri]: "Do Federal Funds Futures Need Adjustment for Excess Returns? A State-Dependent Approach," by Brent Bundick (RWP 07-08, October 2007, .pdf format, 26p.). Links to an abstract and full text are available at:

Federal Reserve Bank of Minneapolis [Minnesota]: "The International Diversification Puzzle Is Not as Bad as You Think," by Jonathan Heathcote and Fabrizio Perri (Staff Report 398, October 2007, .pdf and PostScript format, 43p.). Links to an abstract and full text are available at:

Federal Reserve Bank of New York: "Vouchers, Public School Response, and the Role of Incentives: Evidence from Florida." by Rajashri Chakrabarti (Staff Report No. 306, October 2007, .pdf format, 48p.). Links to an abstract and full text are available at:

Federal Reserve Bank of Philadelphia [Pennsylvania]:

A. "Thick-Market Effects and Churning in the Labor Market: Evidence from U.S. Cities," by Hoyt Bleakley and Jeffrey Lin (Working Paper No. 07-23, October 2007, .pdf format, 48p.).


Using U.S. Census microdata, the authors show that, on average, workers change occupation and industry less in more densely populated areas. The result is robust to standard demographic controls, as well as to including aggregate measures of human capital and sectoral mix. Analysis of the displaced worker surveys shows that this effect is present in cases of involuntary separation as well. On the other hand, the authors actually find the opposite result (higher rates of occupational and industrial switching) for the subsample of younger workers. These results provide evidence in favor of increasing-returns-to-scale matching in labor markets. Results from a back-of-the-envelope calibration suggest that this mechanism has an important role in raising both wages and returns to experience in denser areas.

B. "Innovation, Cities, and New Work," by Jeffrey Lin (Working Paper No. 07-25, October 2007, .pdf format, 61p.).


Where does adaptation to innovation take place? The supply of educated workers and local industry structure matter for the subsequent location of new work-that is, new types of labor-market activities that closely follow innovation. Using census 2000 microdata, the author shows that regions with more college graduates and a more diverse industrial base in 1990 are more likely to attract these new activities. Across metropolitan areas, initial college share and industrial diversity account for 50% and 20%, respectively, of the variation in selection into new work unexplained by worker characteristics. He uses a novel measure of innovation output based on new activities identified in decennial revisions to the U.S. occupation classification system. New work follows innovation, but unlike patents, it also represents subsequent adaptations by production and labor to new technologies. Further, workers in new activities are more skilled, consistent with skill-biased technical change.

C. "Innovation Across U.S. Industries: The Effects of Local Economic Characteristics," by Gerald A. Carlino and Robert M. Hunt (Working Paper No. 07-28, October 2007, .pdf format, 39p.).

This paper extends the research in Carlino, Chatterjee, and Hunt (2007) to examine the effects of local economic characteristics on the rate of innovation (as measured by patents) in more than a dozen industries. The availability of human capital is perhaps the most important factor explaining the invention rate for most industries. The authors find some evidence that higher job market density is associated with more patenting in industries such as pharmaceuticals and computers. They find evidence of increasing returns with respect to city size (total jobs) for many industries and more modest effects for increases in the size of an industry in a city. This suggests that inter-industry spillovers are often at least as important as intra-industry spillovers in explaining local rates of innovation. A more competitive local market structure, characterized by smaller establishments, contributes significantly to patenting in nearly all industries. More often than not, specialization among manufacturing industries is not particularly helpful, but the authors find the opposite for specialization among service industries. Industries benefit from different local sources of R&D (academia, government labs, and private labs) and to varying degrees.

Federal Reserve Bank of St. Louis [Missouri]:

A. "The Labor Supply of Married Women: Why Does It Differ Across U.S. Cities?" by Natalia Kolesnikova (Working Paper 2007-043A, October 2007, .pdf format, 45p.). Links to an abstract and full text are available at:

B. "Human Capital Externalities and Adult Mortality in the U.S.," by Christopher H. Wheeler (Working Paper 2007-045A, October 2007, .pdf format, 51p.). Links to an abstract and full text are available at:

C. "Urban Crime and Labor Mobility," by Subhayu Bandyopadhyay, and Christopher H. Wheeler (Working Paper 2007-046A, October 2007, .pdf format, 23p.). Links to an abstract and full text are available at:


National Bureau of Economic Research: NBER has released the following working papers for the week of Oct. 15-22, 2007:

New papers are: 13518-13566


Bureau of Labor Statistics:

A. "Improving the CPI’s Age-Bias Adjustment: Leverage, Disaggregation and Model Averaging," by Joshua Gallin and Randal Verbrugge (WP-411, October 2007, .pdf format, 39p.). Links to the abstract and full-text can be found at:

B. "Explaining the Rent-OER Inflation Divergence, 1999-2006," by Robert Poole and Randal Verbrugge (WP-410, October 2007, .pdf format, 29p.). Links to the abstract and full-text can be found at:

C. "The Puzzling Divergence of U.S. Rents and User Costs, 1980-2004: Summary and Extensions," by Thesia I. Garner and Randal Verbrugge (WP-409, October 2007, .pdf format, 23p.). Links to the abstract and full-text can be found at:


International Monetary Fund: IMF has added several new working papers. The papers are Nos. 239-252


United Nations Department of Economic and Social Development:

A. "Climate Change and Sustainable Development," by Tariq Banuri and Hans Opschoor (DESA Working Paper No. 56, October 2007, .pdf format, 24p.).


This paper argues that in the future the primary focus of policy research and global agreements should be the de-carbonization of economic development. Consequently, instead of treating climate stabilization and economic development as separate and equal, the strategy should be to re-integrate the two global policy goals, in part by separating responsibility (and funding) from action. This will require an approach that goes beyond Kyoto. The paper invokes the example of the Manhattan Project to argue for a massive, globally funded public investment program for the deployment of renewable energy technologies in developing countries.

B. "How Cash Transfers Boost Work and Economic Security," by Guy Standing (DESA Working Paper No. 58, October 2007, .pdf format, 24p.).


There has long been a minority view that providing people with cash is an effective way of combating poverty and economic insecurity while promoting livelihoods and work. The mainstream view has been that giving people money, without conditions or obligations, promotes idleness and dependency, while being unnecessarily costly. Better, they contend, would be to allocate the available money to schemes that create jobs and/or human capital and that produce infrastructure. This paper reviews recent evidence on various types of scheme and on several pilot cash transfer schemes, assessing them by reference to principles of social justice.


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

New paper is: 4379.


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

The new working papers are: 3121-3135


New Economic Papers (NEP)-ALL. The latest list of New Economic Papers (Oct. 13, 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):

Canadian Journal of Economics/Revue canadienne d'économique (Vol. 40, No. 4, November 2007). Note: Full electronic text of this journal is available in the ProQuest Research Library. Check your library for the availability of this database and this issue.

Economic Inquiry (Vol. 45, No. 4, October 2007). Note: Full text of this journal is available in the ProQuest Research Library. Check your library for availability of this database and this issue.

Economica (Vol. 74, No. 296, November 2007).

Industrial Relations Journal (Vol. 38, No. 6, November 2007).

Journal of Econometrics (Vol. 141, No. 2, December 2007).

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American Statistical Association: "Survey Implementation Specialist/ Statistician" (World Bank/International Finance Corporation). For more information see:

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Joint Economic Committee Majority Report: "The Subprime Lending Crisis: The Economic Impact on Wealth, Property Values and Tax Revenues, and How We Got Here" (October 2007, .pdf format, 32p.).

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Panel Study of Income Dynamics News: "We wanted to make you aware of a new dataset linking PSID families to indicators of subsidized housing that is now available under restricted contract.

Assisted Housing Match Data

Each PSID family in every year through 1995 has been identified as living in housing units subsidized by HUD, the Farmer's Home Administration, through tax credits administered by the Department of Treasury, or state housing programs.  This was accomplished by matching the addresses of PSID families in each year with those in the Assisted Housing Database (AHD). The matching process involved two main components:

1) Standardizing the PSID and AHD addresses;

2) Matching the standardized addresses.

Once all of the matching was completed, final datafiles identify whether a PSID address available for a given year corresponds to an assisted housing address, and, if so, the type of assisted housing (e.g., public housing, Low Income Housing Tax Credit, state subsidy).  As the documentation describes, PSID addresses for 1969 were lost.  The address-match data, therefore, skips 1969.  However, for individuals who did not move to a new location in 1969, it is possible to impute their assisted housing status based on their 1968 or 1970 addresses.

A project is currently underway to update this match for every PSID family in years 1996 through 2007.

If you are interested in learning more about the process of obtaining these data through a restricted contract, please email psidhelp at


US Department of Agriculture, Economic Research Service:

A. "Agricultural Trade Multipliers" (October 2007). "Agricultural trade multipliers provide estimates of employment and/or output effects of trade in farm and food products on the U.S. economy. These effects, when expressed as multipliers, reflect the amount of economic activity and/or jobs generated by agricultural exports."

B. "Wheat Data" (October 2007, HTML, Microsoft Excel, and .pdf format). "his data product contains statistics on wheat--including the five classes of wheat: hard red winter, hard red spring, soft red winter, white, and durum--and rye. Includes data published in the monthly Wheat Outlook and previously annual Wheat Yearbook. Data are monthly, quarterly, and/or annual depending upon the data series. Most data are on a marketing year basis, but some are calendar year." Yearbook tables have been recently updated.

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