Current Social Science Research Report--Economics #47, January 22, 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:


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. 88, No. 1, January 2008, .pdf format).

2. Government Accountability Office Report: "State and Local Governments: Growing Fiscal Challenges Will Emerge during the Next 10 Years" (GAO-08-317, January 2008, .pdf format, 74p.).

3, US Government Economic Releases from the National Bureau of Economic Research: Links to releases for Jan. 15-22, 2007 are available at the site.

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US States:


Stats Indiana Update: "The following updates have been added to the Stats Indiana web based extractor:

A,"U.S. Employment and Unemployment, Dec 2007"

B. "Local Unemployment (all counties & places with population 25,000 plus), Nov 2007"

C. "Quarterly Covered Employment and Wages & SSI Updates, 2 qtr. 2007 p, 1qtr. 2007 r & SSI update"

D. "Commuting Patterns for Indiana Counties (IT-40 tax data), 2006"

E. "Indiana Profile"

Stats Indiana:


State Data Center Updates: The SDC announced the following updates (.pdf and Microsoft Excel format) on Jan. 18, 2008): county level: "Bankruptcies: 1993-2007"; state level: "Bankruptcy by type of debtor: 1993-2007."

See under Jan. 18, 2008 listing.


Division of the Budget Report: "The FY 2009 Governor's Budget Report" (January 2008, 2 vols plus an economic & demographic report, .pdf format, Vol. 1, 352p., Vol. 2, 498p., economic & demographic report, 177p.).

North Dakota:

State Data Center Periodical: Economic Brief (Vol. 17, No. 1, January 2008, .pdf format, 3p.). The topic of this month's issue is: "Multiple Jobholders in North Dakota: 1994 to 2006."

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NGOs and Other Countries:

European Commission:

Eurostat Compendium, Periodical:

A. "European Business - Facts and figures - 2007 edition (January 2008, .pdf format, 431p.).,46587259&_dad=portal&_schema=PORTAL&p_product_code=KS-BW-07-001

B. Statistics in Focus. The latest issue (07/129, 07/132-07/133, 08/1-08/3, .pdf format) are now available at the SIF website:,1136118&_dad=portal&_schema=PORTAL


International Monetary Fund: The latest Country Reports span the time period from Jan. 16-, 2007 (No. 08/16-08/24):



"Instituto Brasileiro de Geografia e Estatística (IBGE) News Release: "In 2008, harvest of grains shall grow 2.1%" (Systematic Survey of Agricultural Production, Jan. 8, 2008). The news release links to more detailed information (.pdf format) in Portuguese.



National Statistical Institute Table: "Harmonized Index of Consumer Prices Series by Months, January 1997 - December 2007" (January 2008).



Statistics Denmark StatBank Denmark Update: "SKOV6: Felling in forests and plantation in Denmark by region, species of wood and area." Annual data have been updated through 2006).


Fiji Islands:

Bureau of Statistics Press Release: "Consumer Price Index - December 2007, and 2007" (Dec. 31, 2007).



Federal Statistical Office Press Release: "Robust growth of the German economy in 2007" (No. 015, Jan. 15, 2008).,templateId=renderPrint.psml



Statistical Office Periodical: Statistical Reflections (Vol. 2, No. 1, Jan. 15, 2008, .pdf format, 1p.). The topic of this issue is: "Household incomes and consumption patterns."



Central Bureau of Statistics Report: "Household Expenditure Survey: 2006: General Summary (January 2008, .pdf format, 134p., with tables in Microsoft Excel format, and ancillary material in Microsoft Word format).



Statistics Latvia News Release: "On changes of construction costs in 2007" (Jan. 18, 2008).

and click on the "EN" tab at the top right side of the page for link to English version.



Statistics Lithuania News Release: "Prices for consumer goods and services in 2007 grew by 8.1 per cent" (Jan. 16, 2008).



National Statistical Office Report: "Economic and Social Situation of Mongolia (As first 12 months of 2007)" (January 2008).



Statistics Netherlands Web Magazine Articles, Press Release:

A. "More than 50 farmers quit every week" (Jan. 17, 2008).

B. "Collectively negotiated wages increase 2 percent in 2007," by Monique Hartog - Van der Toorn" (Jan. 17, 2008).

C. "Unemployment down by nearly 70 thousand in 2007" (Jan. 17, 2008, HTML and .pdf format, 6p.)



Statistics Norway News Releases:

A. "Tax accounts statistics, January-December 2007: Tax revenues rose by 4.2 per cent" (Jan. 18, 2008). The news release links to three topical tables.

B. "Waste in the manufacturing industries 2005: Lower rise in waste than production" (Jan. 21, 2008). The news release links to three topical tables.



Ministry of the National Economy Periodical: Monthly Statistical Bulletin (December 2007, .pdf format). The periodical is in Arabic and English).



Central Statistical Office, Various:

A. Quarterly Of International Statistics No 4/2007 (January 2008, .pdf format, 113p.). The periodical is in Polish and English.

B. "Financial accounts by institutional sectors and sub-sectors, 2000-2005" (January 2008, .pdf and .zip compressed .pdf format, 121p.). The report is in Polish and English.



National Institute of Statistics Periodical: Monthly Statistical Bulletin (No. 11, November 2007, .pdf format, 195p.). The periodical is in Romanian and English.

click on the title page below the title.



Statistical Office Communication: "The Number of employment in 2007: Annual average" (No. 6, Issue 48, January 2008, .pdf format, 9p.).



State Statistics Committee News Releases:

A. "Demand and supply of labour force in 2007" (Jan. 17, 2008).

B. "Registered unemployment in 2007" (Jan. 17, 2008).

C. "Indices of agricultural production in 2007" (Jan. 18, 2008).

D. "Production of main animal products in 2007 (Preliminary Data)" (Jan. 18, 2008).

E. "Gross harvest of main agricultural crops in 2007 (Preliminary Data)" (Jan. 18, 2008).

F. "Basic indicators of social and economic development of Ukraine" (Jan. 18, 2008).



National Statistics Office Reports, Periodical:

A. "Business Spending 2005/2006" (January 2008, .zip compressed .pdf format).

B. "Annual Survey of Hours and Earnings (ASHE) - 2007 Results" (January 2008, .pdf format).

C. Financial Statistics, edited by Natu Somabhai Patel (No. 549, January 2008, .pdf format, 287p.).

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Employee Benefit Research Institute Periodical: EBRI Notes (Vol. 29, No. 1, January 2008, .pdf format, 12p.). Note: This edition contains two articles: i)"Retirement Annuity and Employment-Based Pension Income, Among Individuals Age 50 Over: 2006," by Ken McDonnell; and ii); and "Finances of Employee Benefits, 1950-2006," by Ken McDonnell.


Urban Institute Reports:

A. "Competitive and Special Competitive Opportunity Gap Analysis of the 7(a) and 504 Programs," by Kenneth Temkin, Brett Theodos, and Kerstin Gentsch (January 2008, .pdf format, 23p.).

B. "A Performance Analysis of SBA's Loan and Investment Programs," by Megan Gallagher and Rachel Brash (January 2008, .pdf format, 38p.).

C. "An Analysis of the Factors Lenders Use to Ensure Their SBA Borrowers Meet the Credit Elsewhere Requirement," by Kenneth Temkin and Brett Theodos (January 2008, .pdf format, 19p.).

D. "Public Sector Duplication of Small Business Administration Loan and Investment Programs: An Analysis of Overlap between Federal, State, and Local Programs Providing Financial Assistance to Small Businesses," by Rachel Brash (January 2008, .pdf format, 52p.).

E. "Key Findings from the Evaluation of the Small Business Administration's Loan and Investment Programs," by Shelli B. Rossman, Brett Theodos, Rachel Brash, Megan Gallagher, Christopher Hayes, and Kenneth Temkin (January 2008, .pdf format, 66p.).


Federal Reserve Bank of St. Louis (Missouri) Periodical: Monetary Trends (February 2008, .pdf format, 20p.).

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Federal Reserve Banks:

Federal Reserve Bank of Atlanta [Georgia]: "Great Moderations and U.S. Interest Rates: Unconditional Evidence," by James M. Nason and Gregor W. Smith (Working Paper 2008-1, January 2008, .pdf format, 39p.). Links to an abstract and full text are available at:

Federal Reserve Bank of Kansas City [Missouri]:

A. "The Taylor Rule and the Transformation of Monetary Policy," by Pier Francesco Asso, George A. Kahn, and Robert Leeson (RWP 07-11, December 2007, .pdf format, 39p.). Links to an abstract and full text are available at:

B. "Phillips Curves, Monetary Policy, and a Labor Market Transmission Mechanism," by Robert R. Reed and Stacey L. Schreft (RWP 07-12, December 2007, .pdf format, 49p.). Links to an abstract and full text are available at:

Federal Reserve Bank of New York: "What Can We Learn from Privately Held Firms about Executive Compensation?" by Rebel A. Cole and Hamid Mehran (Staff Report No. 314, January 2008, .pdf format, 42p.). Links to an abstract and full text are available at:

Federal Reserve Bank of St. Louis [Missouri]:

A. "Offshoring, Economic Insecurity, and the Demand for Social Insurance," by Richard G. Anderson, and Charles S. Gascon (Working Paper 2008-003A, January 2008, .pdf format, 21p.). Links to an abstract and full text are available at:

B. "Income and Lottery Sales: Transfers Trump Income from Work and Wealth," by Cletus C. Coughlin, and Thomas A. Garrett (Working Paper 2008-004A, January 2008, .pdf format, 33p.). Links to an abstract and full text are available at:


Levy Economic Institute of Bard College [Annandale-on-Hudson, New York]: "Financialization: What It Is and Why It Matters?" by Thomas I. Palley (Working Paper No. 525, December 2007, .pdf format, 31p.). Links to an abstract and full text can be found at:


Research Program in Development Studies [Woodrow Wilson School of Public and International Affairs, Princeton University]: "Price trends in India and their implications for measuring poverty," by Angus Deaton (January 2008, .pdf format, 25p.).


The Indian national sample surveys collect data on the unit values of a large number of foods which can be used to compute price index numbers that can be compared with the official national price indexes, the Consumer Price Index for Agricultural Labourers (CPIAL) for rural India, and the Consumer Price Index for Industrial Workers (CPIIW) for urban India. Over the five years from 1999-2000 to 2004-05, the food component of the CPIAL understated the rate of food price inflation. This overstatement is likely attributable to the use of long outdated weights (from 1983), and the resultant overweighting of cereals, particularly coarse cereals, whose prices fell relative to other foods. The overall weight of food in the CPIAL is also too large, so that the growth in the general CPIAL was understated during this period when food prices fell relative to nonfood prices. Under conservative assumptions, I calculate that the 5 year growth in the reported CPIAL of 10.6 percent should have been 14.3 percent. Indian poverty lines are held constant in real terms and are updated using the food and non-food components of the official indices weighted by the food shares of households near the poverty line. Because these weights come from a 1973-4 survey, food is heavily over weighted for the contemporary poor, and the nominal poverty lines are understated, both because the CPIAL food index is understated, and because too much weight is assigned to food in a period when food prices have been falling relative to nonfood prices. As a result, and ignoring other problems with the counts (doubtful interstate and intersectoral price indexes and the growing discrepancy between surveys and national accounts), the official poverty counts for rural India in 2004-5 are too low; the official headcount ratio of 28.3 percent should be closer to 31 percent; at current rates of rural poverty reduction, this eliminates more than three years of progress. More generally, it is clear that the weights used for price indexes should be updated more frequently than is presently the case, something that could be straightforwardly done using India’s regular system of household expenditure surveys.


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

New Papers are: 4479-4485.


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

The new working papers are: 3286-3300.


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

and "Browse Working Paper List" for 2008.

The new papers are numbered 2184-2192


New Economic Papers (NEP)-ALL. The latest list of New Economic Papers (Jan 5, 12, 2007).


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):

Economic Journal (Vol. 118, No. 526, February 2008).

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

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US House Budget Committee Hearing Publication: "IRS and the Tax Gap," a hearing held Feb. 16, 2007 (House Serial Publication 110-9, .pdf format, 123p.).


US House Financial Services Hearing Publications:

A. "Hedge Funds and Systemic Risk: Perspectives of the President's Working Group on Financial Markets," a hearing held Jul. 11, 2007 (House Serial Publication 110-48, .pdf format, 95p.).

B. "Homeowner Downpayment Assistance Programs and Related Issues," a hearing held Jun. 22, 2007 (House Serial Publication 110-45, .pdf format, 124p.).

C. "Monetary Policy and the State of the Economy, Part I," a hearing held Jul. 17, 2007 (House Serial Publication 110-51, ASCII text and .pdf format, 64p.).

Search 110th Congress--House Hearings for "110-51" (WITH the quotes).

D. ""Monetary Policy and the State of the Economy, Part II," a hearing held Jul. 18, 2007 (House Serial Publication 110-52, ASCII text and .pdf format, 177p.).

Search 110th Congress--House Hearings for "110-52" (WITH the quotes).

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US Department of Agriculture, Economic Research Service:

A. "Agricultural Exchange Rate Data Set" (Updated January 2008, Microsoft Excel format). "The ERS data set contains annual and monthly data for exchange rates important to U.S. agriculture. It includes both nominal and real exchange rates for 80 countries (plus the European Union) as well as real trade-weighted exchange rate indexes for many commodities and aggregations. All series are updated every other month. Data series start at the beginning of 1970 and run to the last available current monthly information, which is typically 2 months behind the current date."

B, "Rice Yearbook" (January 2008, .pdf format, 92p.).

Data tables (updated November 2007, Microsoft Excel and .zip compressed Microsoft Excel format).


Federal Reserve Bank of St. Louis (Missouri) ArchivaL Federal Reserve Economic Data (ALFRED) Update: "Vintage data have been added for 22 series on the H.6 Money Stock Measures release. For 3 of the 22 series, the earliest vintage date added is 1960-11-14.



Inter-University Consortium for Political and Social Research: ICPSR at he University of Michigan released several new datasets between Jan. 14-21, which may be of interest to Economics researchers. Note: Some ICPSR studies are available only to ICPSR member institutions. To find out whether your organization is a member, and whether or not it supports ICPSR Direct downloading, see:

All new and updated data in the last 90 days can be found at:

Click on "all studies updated or added within the last 90 days." New studies are noted.

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