1979–1982: RULES OR DISCRETION IN MONETARY POLICY?

What determined MI growth from November 1979 through October 1982? A reaction function is developed and tested which ascribes the level of M1 to two Fed motives. One is the Fed's desire to hit its money growth targets, the other is to carry out a counter-cyclical short-run monetary policy. Both motives are found to be significant during the period. This evidence is consistent with the contention of some economists that the period was not a valid test of monetarist policy rules.     

The Within‐Job Motherhood Wage Penalty in Norway, 1979–1996

The motherhood wage penalty is a substantial obstacle to progress in gender equality at work. Using matched employer–employee data from Norway (1979–1996, N = 236,857 individuals, N = 1,027,462 individual‐years), a country with public policies that promote combining family and career, we investigate (a) whether the penalty arises from differential pay by employers or from the sorting of employees on occupations and establishments and (b) changes in the penalties during a period with major changes in family policies. We find that (a) the penalty to motherhood was mostly due to sorting on occupations and occupation‐establishment units (mothers and nonmothers working in the same occupation and establishment received similar pay), and (b) the wage penalties to motherhood declined substantially over the 18‐year period.     

TAX POLICY AND INCOME INEQUALITY IN THE UNITED STATES, 1979–2007

This paper assesses the effects of U.S. tax policy reforms on inequality over around three decades, from 1979 to 2007. It applies a new method for decomposing changes in government redistribution into (1) a direct policy effect resulting from policy changes and (2) the effects of changing market incomes. Over the period as a whole, the tax policy changes increased income inequality by pushing up the income share of high‐income earners (the top 20%). (JEL H23, H31, H53, P16)     

The glass ceiling – where is it? Women's and men's career prospects in the private vs. the public sector in Sweden 1979–2000

Previous research suggests that women have more limited career opportunities than men. Using Swedish longitudinal data, covering the period between 1979 and 2000, more light is shed on the association between hierarchical levels and differences between men's and women's career opportunities in terms of occupational transitions. The analyses indicate that women face the greatest hinderance to advancement at lower hierarchical levels and that these disadvantages attenuate with higher hierarchical levels. These results contradict the common idea of a glass ceiling, ie that problems for women accrue with increasing hierarchical levels. The findings point to the need for focusing more on gender inequalities at low hierarchical positions although the glass ceiling hypothesis cannot be dismissed altogether. Moreover, the results do not support the view that the gender penalty in careers is larger in the private sector as compared to the public sector.     

Social work and pre-school education in New South Wales

In Australia, males of 65 years and over and females of 60 years are generally regarded as aged persons. Social service and other pensions are payable to this age group. Service pensions are payable to males at 60 years of age.     

Art,Science and Curiosity: Research and Research Methodologies in Australian Family Therapy 1979–2000

This article presents an historical analysis of the development of research and research methodologies in an Australian context. The Australian and New Zealand Journal of Family Therapy was chosen as the site of the analysis. The first section of data consists of the articles that represent themselves as ‘research’ in the period from 1979 (the journal's inception) to 2000. These texts have been analysed using bibliometric analysis. The second section of data consists of commentary articles about research in family therapy. This data has been analysed using discourse analysis. Overall, I have been interested in how family therapists have defined ‘research’; how family therapists have chosen to inquire; representations of the researcher in Australian family therapy; associations between theoretical or clinical developments and the methodologies that have been chosen for inquiries. Findings from the study reveal very limited representations of research in the journal for the period under review, and an apparent struggle for family therapists to undertake a discussion about what research actually is. Questions are raised around how this has occurred, and some ideas are presented as to how research knowledges can be included in debates around theory diversity in family therapy.     

On the formation of inflationary expectations: Some empirical evidence from Finland, 1979–1980

The results of a survey of inflationary expectations executed in 1979–1980 are reported. The respondents form one “informed” and one “uninformed” group. The purpose of the study are: (1) to test standard hypotheses on the formation of inflationary expectations, (2) to study the term structure of those expectations, (3) to study their dispersion among individuals, (4) to investigate the uncertainty in the formation of expectations.The results suggest that the adaptive expectations formation model works best for the uninformed group, while the extrapolative model is more satisfactory for the informed group. The lagged rate of unemployment was found to be a significant explanatory variable as well. Long-run inflationary expectations turned out to be very similar to short-run predictions, although the dispersion among individuals was greater in the former case. The uninformed respondents also expressed expectations with a greater dispersion than the informed respondents. The standard deviation of the expectations was quite stable over the observation period. The proxy used for subjective uncertainty also indicates a high degree of stability.     

Income Inequality across Micro and Meso Geographic Scales in the Midwestern United States, 1979–20091

This article examines the spatial distribution of income inequality and the socioeconomic factors affecting it using spatial analysis techniques across 16,285 block groups, 5,050 tracts, and 618 counties in the western part of the North Central Region of the United States. Different geographic aggregations result in different inequality outcomes, suggesting spatial scale needs to be carefully considered in inequality research. Inequality is spatially clustered in suburban areas of larger metro areas and around Native American reservations in the Dakotas. Higher inequality is associated with better socioeconomic conditions, counter to the social inequality literature but consistent with the inequality growth literature. However, growing inequality is associated with worse socioeconomic outcomes. Results partially support the polarization thesis that declines in industrial sectors and growth in services has caused incomes to diverge. Higher and growing inequality is associated with both low‐skill and high‐skill services jobs. However, employment in agricultural and industrial sectors experiencing large losses over the past three decades is also linked to higher and growing inequality. This suggests a dual process where many former agricultural and industrial workers are now employed in other sectors at lower wages, while the remaining workers in these sectors earn higher and growing wages.