Current Social Science Research Report--Economics #94, January 07, 2009.

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 Labor Statistics Compendium, Periodical:

A. Women in the Labor Force: A Databook (2008 Edition) (Report 1011, December 2008, .pdf format, 101p.).

B. Compensation and Working Conditions Online (December 2008). Note: The most recent articles are dated Dec. 23, 2008).

C. "Employment and Wages, Annual Averages 2007," (December 2008, HTML and .pdf format).

2. Congressional Budget Office Brief: "Factors Underlying the Decline in Manufacturing Employment Since 2000," (December 23, 2008, pdf format, 8p).

3. Securities and Exchange Commission Press Release: "Congressionally-Mandated Study Says Improve, Do Not Suspend, Fair Value Accounting Standards," (Dec. 30, 2008). Note: A link to the SEC Report to Congress ("Report and Recommendations Pursuant to Section 133 of the Emergency Economic Stabilization Act of 2008: Study on Mark-To-Market Accounting," .pdf format, 211p.).

4. International Trade Association Report: "Promoting Competitiveness: Partnerships and Progress of the Office of Manufacturing and Services" (November 2008, .pdf format, 36p.).

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

5. Department of Agriculture, Economic Research Service Report: "Rising Food Prices Take a Bite Out of Food Stamp Benefits," by Kenneth Hanson and Margaret Andrews (Economic Information Bulletin No. (EIB-41), December 2008, .pdf format, 21p.).

6. US Government Economic Releases from the National Bureau of Economic Research: Links to releases for Dec. 16, 2008 - Jan. 7, 2009 are available at the site.

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NGOs and Other Countries:

European Commission:

Eurostat Compendium, Report, Periodicals:

A. Regions of the European Union. A statistical portrait - 2009 edition (December 2008, .pdf format, 60p.).,46587259&_dad=portal&_schema=PORTAL&p_product_code=KS-EP-08-001

B. "Living conditions in Europe: Data 2003-06," (2008, .pdf format, 170p.).,46587259&_dad=portal&_schema=PORTAL&p_product_code=KS-DZ-08-001

C. Statistics in Focus: The latest issue (117/2008) is now available.,49287715&_dad=portal&_schema=PORTAL&ci=1130657,0

D. Data in Focus: The latest issues (50/08--51/08, 1/09 .pdf format) are now available on the DIF website:,62992791&_dad=portal&_schema=PORTAL


Organisation for Economic Development and Co-operation Monograph: Economic Survey of Korea 2008 (December 2008). For more information, including ordering information see:,3343,en_2649_33733_41831512_1_1_1_1,00.html

Related Policy Brief (December 2008, .pdf format, 11p.).


International Monetary Fund Country Reports: The latest Country Reports (.pdf format) span the time period from Dec. 17, 2008-Jan. 5, 2009 (No. 08-373--08-384).



National Statistical Service Press Release: "Consumer price index in the Republic of Armenia in January-December of 2008" (Dec. 30, 2008, .pdf format, 2p.).



Statistics Canada/Statistique Canada Report, Periodical:

A. "Spending Patterns in Canada, 2007," (December 2008, HTML and .pdf format, 98p.).

B. Perspectives on Labour and Income (December 2008, HTML and .pdf format, 14p.).



Central Statistical Office Reports, Periodicals: Note: all reports are in Polish and English.

A. "Economic activity of companies with foreign capital share in 2007" (January 2008, .pdf and Microsoft Excel format, 28p.).

B. "Non-financial quarterly accounts by institutional sectors in 2005-2008 at current prices" (January 2008, Microsoft Excel format).

C. "Fixed assets in National Economy in 2007" (December 2008, .pdf and Microsoft Excel format [compressed and uncompressed] 119p.).

D. "Energy statistics 2006, 2007" (December 2008, .pdf format, 249p.).

E. "Financial results of economic entities in 2007" (December 2008, .pdf and Microsoft Excel format [compressed and uncompressed] 19p.).

F. Statistical Bulletin (11/2008, December 2008, .pdf and Microsoft Excel format [compressed and uncompressed] 221p.).

G. Information on socio-economic situation of voivodships (3rd Quarter 2008, .pdf format, 91p.).



National Institute of Statistics Periodical: International Trade Statistical Bulletin (No. 9, December 2008, .pdf format, 73p.). The periodical is in Romanian and English.

Click on the title page icon below the title for link to full text.



Scottish Government Periodical: Scottish Transport Statistics (No. 27, 2008, .pdf format, 301p.).



Statistical Office Report, News Releases:

A. "Economic Trends in the Republic of Serbia in 2008" (Dec. 30, 2008, .pdf format, 2p.).

B. "Republic of Serbia: Investments in fixed assets, 2004-2007" (Dec. 29, 2008, .pdf format, 6p.).



Statistical Office News Releases:

A. "Income and poverty indicators (SILC), Slovenia, 2005-2007 -- provisional data" (Dec. 30, 2008).

B. "Socio-economic Characteristics of Population (31 December 2006) and of International Migrants (2007), detailed data, Slovenia" (Dec. 29, 2008).

C. "Performance of enterprises by activity and size classes by number of persons employed, Slovenia, 2007 - provisional data" (Dec. 23, 2008).

D. "Regional Gross Domestic Product, Slovenia, 2006" (Dec. 22, 2008).

E. "Annual non-financial sector accounts, Slovenia, 2000-2007" (Dec. 19, 2008).

F. "Survey on Living Conditions, SILC, Slovenia, 2007--Provisional Data (Dec. 19, 2008).

G. "Material Flow Accounts--DMI and DMC Indicators, Slovenia, 2000-2006" (Dec. 18, 2008).



National Statistics Institute Press Releases, Report:

A. "Spanish Regional Accounts. Base 2000: Gross Domestic Product by Region. Series 2000-2007: Household sector income accounts. Series 2000-2006" (Dec. 30, 2008, .pdf format, 5p.).

B. "Survey on the Structure of Agricultural Holdings 2007" (Dec. 19, 2008, .pdf format, 5p.).

C. "Spanish National Accounts. Base 2000: Accounting series 1995-2007 (December 2008, Microsoft Excel format).

D. "HBS. Household Budget Survey. Base 2006" (December 2008, multiple download formats are available).



Statistics Sweden Press Releases:

A. "Wealth statistics 2007: Retired men have most financial assets" (Dec. 18, 2008).

B. "IT usage in households and companies: Young people not reading printed news" (Dec. 17, 2008).

C. "Tax assessment 2008: Small increase in taxes from private persons: (Dec. 17, 2008).

D. "Real estate tax assessments 2008: All real estate assessed at SEK 4 896.9 billion" (Dec. 17, 2008).

E. "Regional Accounts 2006: Kronoberg and Jönköping counties had largest growth in Regional Gross Domestic Product" (Dec. 17, 2008).



State Statistics Committee Report: "Consumer Price Indices: 2007" (December 2008, .zip compressed .pdf format, 181p.). Annual data are available back to 1991. Note: the report is in Ukranian and English.



1. Communities and Local Government Report: "Revised Local Authority Capital Expenditure and Receipts: England - 2007-08 Final Outturn" (December 2008, .pdf format, 18p.).

2. Department of Energy and Climate Change Report: "Energy Trends and Prices produced: October 2008" (December 2008, Microsoft Excel format).

3. Department for Environment, Food, and Rural Affairs Reports:

A. "Family Food: A report on the 2007 Expenditure and Food Survey" (December 2008, .pdf format, 64p.).

B. "Farm Accounts in England: 2007/08" (December 2008, .pdf format, Microsoft Word, and Microsoft Excel format, 155p.).

4. Her Majesty's Revenue and Customs Report: "Personal incomes" (January 2009, .pdf and Microsoft Excel format). Data has been updated through 2006-07.

5. National Statistics Office Periodicals, Reports:

A. Financial Statistics, edited by Natu Somabhai Patel (No. 560, December 2008, .pdf format, 287p.).

NSO has also released Financial Statistics Explanatory Handbook - 2009, edited by Natu Somabhai Patel (December 2008, .pdf format, 232p.).

B. Economic and Labour Market Review (December 2008, .pdf format, 82p.).

C. "Mineral Extraction in Great Britain - 2007" (January 2008, Microsoft Excel format). Note: Even though the note says "Pdf" this is a Microsoft Excel file.

D."PRODCOM (manufactured PRODucts of the European COMmunity) Annual Reports 2007: phase 8" (December 2008, .pdf format).

Click on "Latest release" for link to full text.



General Statistics Office News Release: "Industrial Production Value Indexes selected provinces/cities, December and 12 months in 2008" (Dec. 31, 2008).

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US National Governors Association/National Association of State Budget Officers Report: "The Fiscal Survey of States," (December 2008, .pdf format, 66p.).


Urban Institute Brief: "Unemployment and Income in a Recession," by Gregory Acs (Recession and Recovery No. 1, December 2008, pdf format, 2p).

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Federal Reserve Banks:

The latest Federal Reserve Bank Working Papers can be found at:

Federal Reserve Board Finance and Economic Discussion Series:

NEW: WP 2008-64: Stock Market Participation, Portfolio Choice and Pensions over the Life-Cycle," by Steffan G. Ball


District 1: Federal Reserve Bank of Boston (Massachusetts):

New: W08-08: "Race, Obesity, And The Puzzle Of Gender Specificity," by Mary A. Burke and Frank Heiland

FRB Quantitative Analysis Unit:


No. QAU08-7 "The Balance Sheet Channel," by Ethan Cohen-Cole and Enrique Martinez-Garcia.

No. QAU08-6 "Household Bankruptcy Decision: The Role of Social Stigma vs. Information Sharing," by Ethan Cohen-Cole and Burcu Duygan-Bump.


District 3: Federal Reserve Bank of Philadelphia (Pennsylvania):


08-33: "Efficient Institutions," by Thorsten Koeppl, Cyril Monnet, and Erwan Quintin.

08-32: "Restricting Consumer Credit Access: Household Survey Evidence on Effects Around the Oregon Rate Cap," by Jonathan Zinman.

08-31: "The (Un)Importance of Unemployment Fluctuations for Welfare," by Philip Jung and Keith Kuester.


District 6: Federal Reserve Bank of Atlanta (Georgia):


2008-26: "Determinants of Domestic and Cross-Border Bank Acquisitions in the European Union," by Ignacio Hernando, María J. Nieto, and Larry D. Wall.

2008-27: "Bank Capital Ratios across Countries: Why Do They Vary?" by Elijah Brewer III, George G. Kaufman, and Larry D. Wall.

2008-28: Undocumented Worker Employment and Firm Survivability," by J. David Brown, Julie L. Hotchkiss, and Myriam Quispe-Agnoli


District 9: Federal Reserve Bank of Minneapolis (Minnesota):

Staff Reports:


No. 418 "Using the General Equilibrium Growth Model to Study Great Depressions: A Reply to Temin," by Edward C. Prescott and Timothy J. Kehoe.

No. 419 "Sophisticated Monetary Policies," by Patrick J. Kehoe, V. V. Chari, and Andrew Atkeson.


District 10: Federal Reserve Bank of Kansas City (Missouri):

NEW: RWP08-11--RWP08-15


National Bureau of Economic Research: NBER has released the following working papers for the week of Dec. 28, 2008-Jan. 3, 2009:

New papers are: 14613-14629


Harvard Business School:

A. "If You Are So Smart, Why Aren't You Rich? The Effects of Education, Financial Literacy and Cognitive Ability on Financial Market Participation," by Shawn Cole and Gauri Kartini Shastry (No. 09-071, December 2008, .pdf format, 39p.).


Household financial market participation affects asset prices and household welfare. Yet, our understanding of this decision is limited. Using an instrumental variables strategy and dataset new to this literature, we provide the first precise, causal estimates of the effects of education on financial market participation. We find a large effect, even controlling for income. Examining mechanisms, we demonstrate that cognitive ability increases participation; however, and in contrast to previous research, financial literacy education does not affect decisions. We conclude by discussing how education may affect decision-making through: personality, borrowing behavior, discount rates, risk-aversion, and the influence of employers and neighbors.

B. "Private Equity and Long-Run Investment: The Case of Innovation," by Josh Lerner, Morten Sørensen, and Per Strömberg (WP 09-075, December 2008, pdf format, 50p).


A long-standing controversy is whether LBOs relieve managers from short-term pressures from public shareholders, or whether LBO funds themselves are driven by short-term profit motives and sacrifice long-term growth to boost short-term performance. We investigate 495 transactions with a focus on one form of long-term activities, namely investments in innovation as measured by patenting activity. We find no evidence that LBOs are associated with a decrease in these activities. Relying on standard measures of patent quality, we find that patents granted to firms involved in private equity transactions are more cited (a proxy for economic importance), show no significant shifts in the fundamental nature of the research, and are more concentrated in the most important and prominent areas of companies' innovative portfolios.

C. "The Supply Side of Innovation: H-1B Visa Reforms and US Ethnic Invention," by William R. Kerr and William F. Lincoln (WP 09-005, December 2008, pdf format, 50p).


This study evaluates the impact of high-skilled immigrants on US technology formation. Specifically, we use reduced-form specifications that exploit large changes in the H-1B visa program. Fluctuations in H-1B admissions levels significantly influence the rate of Indian and Chinese patenting in cities and firms dependent upon the program relative to their peers. Most specifications find weak crowding-in effects or no effect at all for native patenting. Total invention increases with higher admission levels primarily through the direct contributions of ethnic inventors.


Levy Economics Institute of Bard College [Annandale-on-Hudson, NY]: "Hypothetical Integration in a Social Accounting Matrix and Fixed-price Multiplier Analysis," by Kijong Kim (Working Paper No. 552, December 2008, .pdf format, 20p.). Links to an abstract and full text are available at:


International Monetary Fund: IMF has recently added several new working papers. The papers are No. 287-289.


US Census Bureau Center for Economic Studies: The Census Bureau has added three new working papers.

CES-WP-08-41 "Cementing Relationships: Vertical Integration, Foreclosure, Productivity, and Prices," by Ali Hortacsu and Chad Syverson.

CES-WP-08-40 "Manufacturing Plants' Use of Temporary Workers: An Analysis Using Census Micro Data," by Yukako Ono and Daniel Sullivan.

CES-WP-08-39 "Gender Differences in Business Performance: Evidence from the Characteristics of Business Owners Survey," by Robert Fairlie and Alicia Robb.


US Small Business Association, Office of Advocacy: "Offshoring and U.S. Small Manufacturers," (WP No. 336, December 2008, pdf format, 81p).



Statistics Canada/Statistique Canada: "Immigrant Economic and Social Outcomes in Canada: Research and Data Development at Statistics Canada," by Garnett Picot (Analytical Studies Branch Research Paper Series No. 319, December 2008, .pdf format, 37p.). Links to an abstract and full text are available at:


ESRC Research Centre For Analysis Of Social Exclusion (CASE) [London (UK) School Of Economics]: "Family ties: Women's work and family histories and their association with incomes in later life in the UK," by Tom Sefton, Maria Evandrou, and Jane Falkingham (CASE/135, December 2008, .pdf format, 53p).


This paper examines the relationship between the family and work histories of older women in the UK and their individual incomes in later life, using retrospective data from the first fifteen waves of the British Household Panel Survey. The associations between women’s family histories and their incomes later in life are relatively weak, and in many cases insignificant. Divorce, early widowhood and re-marriage are not associated with significant differences in older women's incomes, whilst motherhood is only associated with a small reduction in incomes later in life - and not at all for certain sub-groups of the population. Whilst there are significant differences in the work histories of older women with different family histories, this does not translate into large differences in their personal incomes, because work history-related income differentials are also relatively small. Even long periods in employment are not associated with significantly higher incomes in later life if these periods were in predominantly part-time or ‘mixed’ employment. Our analysis demonstrates how effective public transfers have been in dampening work history-related differentials in older women’s incomes, especially for widows and those towards the bottom of the income distribution. On the one hand, this could be seen as a positive finding in that the 'pension penalty' associated with events such as motherhood and divorce are not as severe as is often anticipated. On the other hand, the main reason for this is that the pension returns to working longer are relatively low, especially for low-skilled women. Recent pensions reforms should eventually produce more equitable outcomes as between men and women, though possibly at the expense of greater inequality among women with different work and family histories.


Organization for Economic Co-operation and Development Economics Department:

NEW: 655-659. Links are available from the .pdf to the papers


World Bank Policy Research Programme: PRP has recently released several new working papers. See the list at:

New Papers are: 4804-4812


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

The new working papers are: 3886-3905.


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 2502-2509


Centre d'Etudes de Populations, de Pauvreté 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) [Differdange, Luxembourg]: "Escaping low pay: do male labour market entrants stand a chance?" by Didier Fouarge and Dimitris Pavlopoulos (IRISS Working Papers no. 2008-12, December 2008, .pdf format, 41p.).


Purpose: This paper investigates the extent and the human-capital determinants of low-wage mobility for labour market entrants, in the UK and Germany.

Design/methodology/approach: Using panel data for the UK (BHPS) and Germany (GSOEP), we apply a competing-risks duration model that al- lows us to study transitions from low pay to competing destination states: higher pay, self-employment, unemployment and inactivity. Unobserved heterogeneity is tackled by a non-parametric mass-point approach.

Findings: We find that low pay is only a temporary state for most young job starters. However, there is a small group of job starters that is caught in a trap of low pay, unemployment or inactivity. In the UK, job starters escape from low pay mainly by developing firm-specific skills. In Germany, involvement in formal vocational training and the attainment of apprenticeship qualifications account for low pay exits.

Originality/value: Over the past decades, unemployment and low-wage employment have emerged as major challenges facing young labour market entrants. While most empirical studies focus exclusively on the transition from low pay to high pay, we show that a significant percentage of young entrants are caught in a low-pay - non-employment trap. Moreover, we show that, depending on the institutional context, different types of human capital investments can account for a successful low-pay exit.


Asian Development Bank: ADB has recently released the following working papers:

NEW: 136-139.


Reserve Bank of Australia:

NEW: RDP 2008-07--RDP 2008-10


Banco Central Do Brasil:

NEW: No. 175 "Evaluating asset pricing models in a Fama-French framework," by Carlos Enrique Carrasco Gutierrez and Wagner Piazza Gaglianone.


Croatian National Bank:

NEW: No. 19 "Use of the Hedonic Method to Calculate an Index of Real Estate Prices in Croatia," by Davor Kunovac, Enes zovic, Gorana Lukinic, and Andreja Pufnik.


Danmarks NationalBank:

NEW: WP 59/2008 "The Topology of Danish Interbank Money Flows," by Kirsten Bonde Rørdam and Morten L. Bech.


Bank of England:

NEW: No. 359 "Globalisation, Import Prices And Inflation Dynamics," by Chris Peacock and Ursel Baumann.

No. 358 "Understanding The Real Rate Conundrum: An Application Of No-Arbitrage Finance Models To The UK Real Yield Curve," by Michael Joyce, Iryna Kaminska and Peter Lildholdt.


Bank of Estonia/Eesti Pank:

NEW: No. 7/2008 "Limited Participation or Sticky Prices? New Evidence from Firm Entry and Failures," by Lenno Uuskula.


Deutsche Bundesbank:

NEW: 26/2008--30/2008


De Nederlandsche Bank:

NEW: 189-192.


New Economic Papers (NEP)-ALL. The latest list of New Economic Papers (Dec. 14, 21 2008).


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. 36, No. 6, December 2008).

Economica (Vol. 76, No. 301, February 2009).

Industrial Relations Journal (Vol. 40, No. 1, January 2009).

IMF Staff Papers (Vol. 55, No. 4, December 2008).

Journal of Financial Economics (Vol. 91, No. 1, January 2009).

Journal of Industrial Economics (Vol. 56, No. 4, December 2008).

Journal of International Economics (Vol. 77, No. 1, February 2009).

Journal of Mathematical Economics (Vol. 45, Nos. 1/2, January 2009).

Journal of Political Economy (Vol. 116, No. 6, December 2008). 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.

Journal of Public Economics (Vol. 93, Nos. 1/2, February 2009).

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Intute: Social Sciences: Intute has updated it's Sociology conferences page with a new conference:

Capitalism in Crisis: What's Next? (Jul. 16, 2009).

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American Statistical Association: ASA has updated its employment page with listings through Jan. 7, 2009.


Chronicle of Higher Education:

Economics positions has been updated through Jan. 7, 2009.

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Inter-University Consortium for Political and Social Research: ICPSR at the University of Michigan released several new datasets on Jan. 4, 2008 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:

New and updated data:

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


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:

For new data or new editions of new data in the last month:

and pick "1 month" for either.

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Federal Reserve Bank of Boston Interactive Graphic: "U.S. Family Income Mobility and Inequality, 1994 to 2004," by Katharine Bradbury and Jane Katz (December 2008). "This interactive graphic illustrates the mobility of U.S. families across income classes between 1994 and 2004. Income mobility is of interest because a high degree of movement across income classes over time can even out the effects of income inequality. In addition to conveying information about the policy-relevant topics of income mobility and inequality in the United States, the graphic provides a new way to absorb, explore, and understand such information through an interactive visual framework.

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