Current Social Science Research Report--Economics #96, January 21, 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.


To CSSRR-Soc #96

To CSSRR-Health #96



Index to this issue:
















1. Bureau of Labor Statistics Periodicals:

A. Monthly Labor Review (Vol. 131, No. 12, December 2008, .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:

B. Occupational Outlook Quarterly (Vol. 52, No. 4, Winter 2008-09, .pdf format).

This is a temporary address. When the next OOQ is released, this one, along with all others back to 1999, will be available at:

2. Bureau of Economic Analysis Periodical: Survey of Current Business (Vol. 89, No. 1, January 2009, .pdf format)

3. Government Accountability Office Report: "Financial Regulation: A Framework for Crafting and Assessing Proposals to Modernize the Outdated U.S. Financial Regulatory System" (GAO-09-216, January 2009, ASCII text and .pdf format, 100p.).

4. Department of Agriculture, Economic Research Service Report: "Fruit and Vegetable Consumption by Low-Income Americans: Would a Price Reduction Make a Difference?" by Diansheng Dong and Biing-Hwan Lin (Economic Research Report No. ERR-70, December 2008, .pdf format, 23p.).

5. US Government Economic Releases from the National Bureau of Economic Research: Links to releases for Jan. 14-21, 2009 are available at the site.

Return to top


US States:


Department of Business, Economic Development, and Tourism Report: "Hawaii Innovation Indicators" (December 2008, .pdf format, 70p.).


Department of Labor Report: "Occupational Employment & Wage Report Data Tables 2008" (2008, .pdf and Microsoft Excel format, 225p.).


Division of the Budget Report: "The FY 2010 Governor's Budget Report" (January 2009, 2 volumes, Vol. 1, .pdf format, 347p., Vol. 2, .pdf format, 514p.).

New York:

State Data Center Report: "Nonagricultural Employment (jobs by place of work) for New York State -- January 1958 to November 2008 on a monthly basis and annual averages" (January 2009, .pdf and Microsoft Excel format, 2p.).

North Dakota:

State Data Center Periodical: Population Bulletin (Vol. 25, No. 1, January 2009, .pdf format, 3p.). The topic of this issue is: "Federal Government Expenditures to North Dakota: Fiscal Year 2007."

Return to top


NGOs and Other Countries:

United Nations:

A. Department of Economic and Social Affairs Compendium: World Economic Situation and Prospects 2009 (2009, .pdf format, 160p.).

Click on "Downloads" for link to full text.

B. International Labour Organization Report: "Global Wage Report 2008/09: Minimum wages and collective bargaining: Towards policy coherence," (December 2008, .pdf format, 106p.).


Organisation for Economic Development and Co-operation Monograph: Economic Survey of the Euro Area 2009 (January 2009). For more information, including ordering information see:,3343,en_2649_34569_41950453_1_1_1_1,00.html

Related Policy Brief (January 2009, .pdf format, 11p.).


International Monetary Fund Country Reports: The latest Country Reports (.pdf format) span the time period from Jan. 14, 2008-Jan. 121, 2009 (No. 09-10 to 09-14).



Institute of Statistics Report (publications are in Albanian and English): "Foreign Trade: 2002-2006" (2007, .pdf format, 37p.).



National Statistical Committee Report: "Main socio-economic indicators of the Republic of Belarus for January-December 2008" (January 2009).



Department of Statistics Periodical, Report:

A. Quarterly Bulletin of Statistics: 3rd Quarter 2008 (December 2008, .pdf format, 8p.).

B. "Gross Domestic Product by Industry: 2007" (December 2008, .pdf format, 12p.).


Bosnia and Herzegovina:

Federal Office of Statistics Periodical: Monthly Statistical Review of the Federation of Bosnia and Herzegovina (January 2009, .pdf format, 75p.).



1. Statistics Canada/Statistique Canada Report: "The Impact of Public Infrastructure on Canadian Multifactor Productivity Estimates," by Wulong Gu and Ryan MacDonald (Canadian Productivity Review, No. 21, January 2009, HTML and .pdf format, 31p.).



Ministry of Finance, Statistical Service of Cyprus Compendium:

A. Information Society Statistics, 2006 (January 2009, .pdf format, 207p.)$file/INFO_SOC_STATISTICS_2006.pdf?OpenElement

B. Agricultural Statistics, 2006 (January 2009, .pdf format, 156p.).$file/AGRI_STAT_2006.pdf?OpenElement



Statistics Netherlands: SN has updated its Web Magazine, Economic Monitor, and Press Releases from Jan. 14, 2008-Jan. 21, 2009).



Statistics Norway News Releases: SN has updated its news releases from Jan. 14-21, 2009).



1. Her Majesty's Revenue and Customs Reports:

A. "Property Transactions in the United Kingdom" (January 2009, .pdf format, with tables in Microsoft Excel format).

B. "Tax receipts and taxpayers" (January 2009, .pdf format, with tables in Microsoft Excel format).

2. National Statistics Office, Reports, Periodicals:

A. "Civil Service Statistics: 2008" (January 2009, .pdf format, with tables in Microsoft Excel format, 24p.).

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

B. "Annual Survey of Hours and Earnings: 2008" (January 2009, .pdf format).

C. "Travel Trends 2007 - A report on the International Passenger Survey" (January 2009, .pdf format, 121p.).

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

D. Economic and Labour Market Review (Vol. 3, No. 1, January 2009, .pdf format, 87p., with tables in Microsoft Excel format).

E. Financial Statistics, edited by Natu Somabhai Patel (No. 561, January 2009, .pdf format, 287p.).

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

F. Labour Market Statistics (January 2009, .pdf format, 39p.).

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

3. UK Trade Info Periodical: Value added Tax Bulletin: December 2008 (January 2009, Microsoft Excel format).

Return to top



Employee Benefits Research Institute Brief: "Capping the Tax Exclusion for Employment-Based Health Coverage: Implications for Employers and Workers," by Paul Fronstin (EBRI Issue Brief No. 325, January 2009, .pdf format, 20p.).


Federal Reserve Bank of St. Louis (Missouri) Periodical: Monetary Trends (February 2009, .pdf format, 20p.).

Return to top



Federal Reserve Banks:

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

NEW: Public Policy Discussion Paper No. 09-1: "Making Sense of the Subprime Crisis," by Kristopher S. Gerardi, Andreas Lehnert, Shane M. Sherland, and Paul S. Willen.


District 2: Federal Reserve Bank of New York (New York):

NEW: Staff Report No. 360: "Money, Liquidity, and Monetary Policy," by Tobias Adrian and Hyun Song Shin


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

NEW: WP 09-1: "The Role of Labor Markets for Euro Area Monetary Policy," by Kai Christoffel, Keith Kuester, and Tobias Linzert


District 5: Federal Reserve Bank of Richmond (Virginia):

NEW: WP 08-8: "Financing Development: The Role of Information Costs," by Jeremy Greenwood, Juan M. Sanchez, and Cheng Wang


District 8: Federal Reserve Bank of St. Louis (Missouri):


WP 2008-010B: "Non-Linear Predictability in Stock and Bond Returns: When and Where Is It Exploitable?" by Massimo Guidolin, Stuart Hyde, David McMillan, and Sadayuki Ono

WP 2009-001A: "Time and Risk Diversification in Real Estate Investments: Assessing the Ex Post Economic Value," by Carolina Fugazza, Massimo Guidolin, and Giovanna Nicodano


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

NEW: RWP 09-1: "Global Inflation Dynamics," by Craig S. Hakkio


National Bureau of Economic Research: NBER has released the following working papers for the week of Jan. 11-17, 2009:

New papers are: 14644-14657.


Harvard Business School:

A. "When Does Domestic Saving Matter for Economic Growth?" by Philippe Aghion, Diego Comin, Peter Howitt, and Isabel Tecu (No. 09-080, January 2009, .pdf format, 54p.).


Can a country grow faster by saving more? We address this question both theoretically and empirically. In our theoretical model, growth results from innovations that allow local sectors to catch up with frontier technology. In poor countries, catching up requires the cooperation of a foreign investor who is familiar with the frontier technology and a domestic entrepreneur who is familiar with local conditions. In such a country, domestic saving matters for innovation, and therefore growth, because it enables the local entrepreneur to put equity into this cooperative venture, which mitigates an agency problem that would otherwise deter the foreign investor from participating. In rich countries, domestic entrepreneurs are already familiar with frontier technology and therefore do not need to attract foreign investment to innovate, so domestic saving does not matter for growth. A cross-country regression shows that lagged savings is positively associated with productivity growth in poor countries but not in rich countries. The same result is found when the regression is run on data generated by a calibrated version of our theoretical model.

B. Harvard Business School: "Product-Market Competition and Managerial Autonomy," by Christian A. Ruzzier (No. 09-082, January 2009, .pdf format, 38p.).


It is often argued that competition forces managers to make better choices, thus favoring managerial autonomy in decision making. I formalize and challenge this idea. Suppose that managers care about keeping their position or avoiding interference, and that they can make strategic choices that affect both the expected profits of the firm and their riskiness. Even if competition at first pushes the manager towards profit maximization as commonly argued, I show that further increases in competitive forces might as well lead him to take excessive risks if the threat on his position is strong enough. To curb this possibility, the principal-owner optimally reduces the degree of autonomy granted to the manager. Hence higher levels of managerial autonomy are more likely for intermediate levels of competition.


John F. Kennedy School of Government [Harvard University]: "The Place Premium: Wage Differences for Identical Workers Across the US Border," by Michael Clemens, Claudio Montenegro and Lant Pritchett (Working Paper No. RWP09-004, January 2009, .pdf format, 61p.). Links to the abstract and full-text can be found at:


Organization for Economic Co-operation and Development Economics Department (.pdf format, links to full text are in .pdf).

NEW: WP 660: "Can the financial sector continue to be the main growth engine in Luxembourg?" by Arnaud Bourgain, Patrice Pieretti, and Jens Høj


Luxembourg Income Study:

Click on "send" without entering any search parameters.

NEW: 509: "Child Poverty in Upper-Income Countries: Lessons from the Luxembourg Income Study," by Janet Gornick and Markus Jäntti


International Monetary Fund: IMF has recently added several new working papers. The papers are No. 09/5--09/9.


World Bank Policy Research Programme:

NEW: WP 4820: "A curse of comparison? evidence on reference groups for relative income concerns," by Alice Kuegler


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

The new working papers are: 3918-3944.


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 2009.

The new papers are numbered 2515-2526.


Australian National University, Centre for Economic Policy Research: "Taxation, Labour Supply and Saving," by Patricia Apps and Ray Rees" (Discussion Paper 590, December 2008, .pdf format, 33p.).


In recent years, the US, UK and Australia have lowered tax rates on high incomes and expanded tax credits and family transfer payments that are withdrawn on the joint income of a couple. These reforms result in significant changes in the structure of marginal and average income tax rates. In this paper we present a case study that examines the impact of reforms of this kind on the structure of tax rates on incomes in Australia. We find that the reforms have led to high effective marginal rates across a wide middle band of earnings and to a shift towards joint taxation. As is well known, joint taxation results in high tax rates on secondary earners, with in consequence undesirable effects on both work incentive and fairness of the income distribution. A lifecycle analysis of time use and saving decisions indicates strong negative effects on female labour supply and household saving.


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


No. 140: "Export Performance, Foreign Ownership, and Trade Policy Regime: Evidence from Thai Manufacturing," by J. Jongwanich and A. Kohpaiboon

No. 141: "Environmental Kuznets Curves in the People’s Republic of China: Turning Points and Regional Differences," by Y. Jiang, T. Lin, and J. Zhuang

No. 142: "Ex-ante Impact Evaluation of Conditional Cash Transfer Program on School Attendance and Poverty: The Case of the Philippines," by H. Son and J. Florentino


European Central Bank:


No. 994 "Fiscal sustainability and policy implications for the euro area," by Fabrizio Balassone, Jorge Cunha, Geert Langenus, Bernhard Manzke, Jeanne Pavot, Doris Prammer and Pietro Tommasino.

No. 993 "Has emerging Asia decoupled? An analysis of production and trade linkages using the Asian international input-output table," by Gabor Pula and Tuomas A. Peltonen.

No. 992 "FDI and productivity convergence in central and eastern Europe: an industry-level investigation," by Martin Bijsterbosch and Marcin Kolasa.


Reserve Bank of Australia:


RDP2008-08: "The Role of International Shocks in Australia's Business Cycle," by Philip Liu

RDP 2008-09: "A Term Structure Decomposition of the Australian Yield Curve," by Richard Finlay and Mark Chambers

RDP 2008-10: "Solving Linear Rational Expectations Models with Predictable Structural Changes," by Adam Cagliarini and Mariano Kulish


National Bank of Belgium:

NEW: No. 155: "Fiscal sustainability and policy implications for the euro area," by Fabrizio Balassone, Jorge Cunha, Geert Langenus, Bernhard Manzke, Jeanne Pavot, Doris Prammer, and Pietro Tommasino


Bank of Canada:

NEW: WP 2008-48, 2008-49

NEW: WP 2009-01, 2009-02


Bank of Finland/Finlands Bank:

NEW: 1/2009--5/2009


Bank of France:

NEW: WP 225-230


Bank of Greece:

NEW: No. 92 "Assessing Output and Productivity Growth in the Banking Industry," by Panayiotis P. Athanasoglou, Evangelia A. Georgiou, and Christos C. Staikouras.


Banco de Mexico:

NEW: 2009-01 "Forecasting Exchange Rate Volatility: The Superior Performance of Conditional Combinations of Time Series and Option Implied Forecasts," by Benavides Guillermo and Capistran Carlos.


Bangko Sentral ng Pilipinas/Central Bank of the Philippines:

NEW: 2008-2 "Adjustments in the Face of Peso Volatility: Perspective from the Past and Policy Directions ," by Agnes M. Yap and Cristeta B. Bagsic.


New Economic Papers (NEP)-ALL. The latest list of New Economic Papers (Jan. 10, 2009).


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

Return to top


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

Annals of Statistics (Vol. 37, No. 1, February 2009).

Economics Letters (Vol. 102, No. 1, January 2009).

Games and Economic Behavior (Vol. 65, No. 1, January 2009).. This is a special issue: "In Honor of Martin Shubik."

Return to top



Conference Announcements via Econometrics:

(14/01/09) Webcast of Sessions of Cross-Section Econometrics at AEA meeting January 2009, San Francisco

(14/01/09) North American Winter Meeting (NAWM) Econometric Society (ES), January 2010, Atlanta

(14/01/09) 91,000 unique visitors to this site in 2008, thanks!

(14/01/09) Annual Meeting European Finance Association (EFA), August 2009, Bergen

(14/01/09) Session of the International Statistical Institute (ISI), August 2009, Durban

(14/01/09) Annual Meeting of Statistical Society of Canada (SSC), May 2009, Vancouver

(14/01/09) Symposium on Money, Banking and Finance, June 2009, Orléans

(14/01/09) Conference on Stochastic Processes and Their Applications (SPA), July, 2009, Berlin

(14/01/09) MathType 6.5 Math Equation editor software update

(14/01/09) International Symposium in Statistics (ISS) on Inferences in Generalized Linear Longitudinal Mixed Models (GLLMM), July 2009, St. John's

(12/01/09) International Conference on Computing in Economics and Finance (CEF), July 2009, Sydney

(12/01/09) British Household Panel Survey (BHSP) Conference ISER, July 2009, Colchester

(12/01/09) Risk Management Conference, July 2009 Singapore

(12/01/09) Conference International Society for Quality-of-Life Studies (ISQOLS), July 19-23, 2009, Florence


Econometric Society: "North American Winter Meeting," to be held in Atlanta Georgia, Jan. 3-5, 2010. For more information see:

Return to top



Chronicle of Higher Education:

Economics positions has been updated through Jan. 21, 2009.

Return to top



US Department of Agriculture, Economic Research Service: "Agricultural Productivity in the United States." (January 2009, Microsoft Excel format). "It is widely agreed that increased productivity is the main contributor to economic growth in U.S. agriculture. This data set provides estimates of productivity growth in the U.S. farm sector over the 1948-2006 period, and estimates of the growth and relative levels of productivity across the States for the period 1960-2004. Note that this data series has been revised with this release..."


Inter-University Consortium for Political and Social Research: ICPSR at the University of Michigan released several new datasets on Jan. 19, 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:

Click on "list".


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.

Return to top