Following the analytical approach suggested in Campbell, the authors consider a baseline real-business-cycle (RBC) model with endogenous labor supply. They observe that the coefficients in the loglinear approximation of the dynamic equations characterizing the equilibrium are related to the fundamental parameters in a relatively simple manner.…

Most economists expect the current economic downturn to be one of the most severe since World War II. In fact, there is a very real danger that the changing circumstances of students, families, state and federal governments, and educational institutions could interact to significantly diminish educational opportunity in the United States. The most…

The authors examine how the American economy has experienced sharp contractions in overall levels of output, income, and wealth resulting from the recent financial crisis, and how these losses have had an impact on the nation's labor market. The significance of these trends to American higher education is summarized in these terms: "Large labor…

Proposition 49, which voters passed in 2002, guaranteed more than a three-fold increase in state funding for after school programs, although rollout was dependent on the state budget meeting specific conditions. In 2006-07, the budget met those conditions and the legislation implementing the proposition was passed. Subsequently, an additional $550…

The labor supply and benefit claiming incentives provided by the early retirement rules of the Social Security Old Age benefits program are of growing importance as the Normal Retirement Age (NRA) increases to 67, the labor force participation of Older Americans rises, and a variety of reforms to the Social Security system are considered. Any…

Given today's high stakes accountability for student success and the responsibility for ensuring a faculty of highly qualified teachers, the role of school administrator is significantly more demanding and complex than in the past. In these challenging times, the issue of administrator shortages in school districts has intensified. Trend data…

Despite numerous empirical studies, there is surprisingly little agreement about whether the Social Security earnings test affects male labor supply. In this paper, we provide a comprehensive analysis of the labor supply effects of the earnings test using longitudinal administrative earnings data and more commonly used survey data. We find that…

This article analyses the innovation agenda of the European Union (EU), places it in the context of globalisation and explores its foundation in the theoretical innovation systems perspective. It analyses a number of the central policy domains of this agenda: higher education, doctoral education, research and knowledge transfer. In the second part…

In Chiappori's (1988) collective model of labor supply, hours of work are supposed flexible. In many countries, however, male labor supply does not vary much. In that case, the husband's labor supply is no longer informative about the household decision process and individual preferences. To identify structural components of the model, additional…

One of the challenges facing Australia is the ageing of the population. Of major concern, especially to government, is that the dependency ratio--a measure of the burden that economically active persons carry by supporting dependent persons--will increase significantly unless older people keep working or immigration is used to change the…

Social scientists have increasingly come to recognize the informal economy as a prominent and permanent structural feature of modern society. Rural sociologists have made a considerable contribution to this literature, demonstrating informal work to factor prominently in the livelihood strategies of rural Americans. Despite this scholarly…

This paper demonstrates the extent to which married women's labor supply elasticities have changed over the past quarter century. Estimates from March Current Population Survey data suggest that these elasticities have decreased substantially, by 60 percent for the hours wage elasticity (from 0.36 to 0.14), 70 percent for the hours income…

Background: Massive retirements, increased expectations, and mounting political pressures have resulted in a diminished talent pool for school superintendents. For school boards of the 124 school districts on Long Island, New York, the selection of a superintendent has been further complicated by sky-rocketing taxes and scandals leading to an…

The secular increase over the past several decades in the number of families where both the husband and wife work in the paid labor force, coupled with the surge in labor force participation of single mothers in the 1990s, has heightened policy focus on child care options for working parents; federal and state governments are now major players…

Current UK skills policy is centred on the need to drive up qualification obtainment and make the system more employer-led with Sector Skills Councils (SSCs) being given the role of articulating the "voice" of employers. Through a study of recruitment and selection processes in the fitness industry, this paper explores employers'…