FROM THE EDITORS

No abstract available for this article.     

FROM THE EDITORS

No abstract available for this article.     

FROM THE EDITORS

No abstract available for this article.     

LETTERS TO THE EDITORS

No abstract available for this article.     

LETTERS TO THE EDITORS

No abstract available for this article.     

DOES SEX STILL MATTER? NEW EVIDENCE FROM THE 1980s

Recent analyses of gender based salary differentials among University faculty have focused on colleges and universities which are quite different from those used in earlier (pre-1975) studies. To facilitate comparisons with previous studies we examine gender earnings differentials during the 1983–84 academic year at Kent State University, a school similar to those studied in the pre-1975 period. Our results suggest that after controlling for differentials in productivity-related characteristics and market influences, there is little evidence of gender based salary discrimination at Kent State during 1983–84.     

DEPOSIT INSURANCE and BANK FAILURES: NEW EVIDENCE FROM THE 1920s

This paper examines the contribution of deposit insurance to bank failures during the 1920s. Using individual bank data from Kansas, where membership in the state insurance system was voluntary, I find that the balance sheets of insured banks reflected greater risk-taking, and probit model estimates indicate that insured banks were more likely to fail than non-insured banks. Insurance had an especially strong impact the closer a bank was to failure. Because regulation was comparatively strict in Kansas the findings suggest that deposit insurance had an even greater impact in other states and in the recent U.S. experience.     

FROM RACISM TO TOKENISM: THE CHANGING FACE OF BLACKS IN NEW YORKER CARTOONS

Cartoons published in the weekly magazine New Yorker duringthe years 1946–87 were analyzed to determine how oftenblacks appeared as characters and whether the proportion ofblacks portrayed had changed over time. Cartoons were furtherexamined for possible changes in the styles of characterizationof U.S. blacks since the post-Word War II period. Although blackcharacters were extremely rare throughout the 42 years, therelative numbers of blacks depicted decreased with the passageof each time period. Styles of portraying black characters alsochanged markedly over the years, in keeping with the changingstatus of blacks in the United States. All cartoons from theearliest period presented U.S. blacks in stereotypic occupationalroles, cartoons in the late 1960s and early 1970s were dominatedby racial themes, and blacks appeared in "token" roles in themajority of cartoons from the most recent period investigated.In the entire 42 years, only a single U.S. black appeared asa main character in a cartoon in which race was completely irrelevant.     

POST-REFORM INDUSTRIAL PRODUCTIVITY PERFORMANCE OF CHINA: NEW EVIDENCE FROM THE 1985 INDUSTRIAL CENSUS DATA

Beginning in the late 1970s, a series of reforms to improve industrial productivity were implemented in China. We estimate changes in productivity growth and identify its sources in the post-reform period 1980-85. Our work is based on the newest and most comprehensive data set available on Chinese industrial activities. Productivity growth estimates are shown to be strongly affected by output specification. Overall, we find sharp increases in productivity growth in the 1984-85 period as compared to the 1980-84 period. Collective and private enterprises show higher output and productivity gains than do state-owned enterprises.     

NEW MEASURES OF THE COSTS OF UNEMPLOYMENT: EVIDENCE FROM THE SUBJECTIVE WELL‐BEING OF 3.3 MILLION AMERICANS

Using two large U.S. surveys, we estimate the effects of unemployment on the subjective well‐being (SWB) of the unemployed and the rest of the population. For the unemployed, the nonpecuniary costs of unemployment are several times as large as those resulting from lower incomes, while the indirect effect at the population level is 15 times as large. For those who are still employed, a one percentage point increase in local unemployment has an impact on well‐being roughly equivalent to a 4% decline in household income. We also find evidence indicating that job security is an important channel for the indirect effects of unemployment. (JEL E24, H23, J64, J68)     

FROM THE ARCHIVES

No abstract available for this article.