RACE AND HOME OWNERSHIP: IS DISCRIMINATION DISAPPEARING?

Racial differentials in home ownership rates are examined using data on households in the twenty-four largest metropolitan areas. considerable recent reduction in racial discrimination is indicatd, in contrast to the findings of a previous analysis of the St. Louis housing market. The results are maintained under a number of modifications of the model and estimation technique.     

A Structuralist Interpretation of the Fishbeinian Model of Intention

The traditional paradigm for research relating to the Fishbeinian model of intention is described and some of its limitations are discussed. A structuralist interpretation of the Fishbeinian equation is then put forward from the standpoint of the ethogenic perspective advocated by Harré and Secord. Each component of the Fishbeinian equation is assumed to be the symbolic expression of an account (or accounts) which is attributable to the agent and relates to the act in question. The equation as a whole is then interpreted as a rule governing the intelligibility of a cluster of such accounts. Empirical studies are reported which examine the consequences of transgressing the rule of intelligibility and which use instances of transgression as a means to theoretical development. In this development, the importance of the executive facet of action is acknowledged by utilising Abelson's schemes for the representation of plans. The paper concludes with a speculative discussion as to how this radically different conceptual and methodological approach might be used in future research on the intention-behaviour relation.     

Mortality following conjugal bereavement,Belgium 1991-96: The unexpected effect of education

This paper examines excess mortality following spousal bereavement by time since bereavement, sex, age, and education. The main hypothesis challenged is that higher education buffers the harmful effects of spousal loss. Using a log-rate model, death-rate ratios (widowed/married) are estimated for 49,849 and 126,746 Belgian widowers and widows and an equal number of non-bereaved controls matched to the bereaved on their socio-demographic characteristics. The hypothesis that the more educated suffer less excess mortality is not supported. Although higher educational levels are associated with lower mortality in general, they do not alleviate the effects of bereavement. On the contrary, in the period immediately following spousal loss, the more highly educated seem to have more, rather than less, excess mortality. Three possible arguments are suggested to account for this: education-related differences in the partner-relationship, structural differences in the availability of appropriate social support, and cultural differences in potential support networks.     

TRADE,GEOGRAPHY AND THE SKILL PREMIUM IN U.S. MANUFACTURING

A number of studies have suggested that countries (or regions) with access to larger markets have higher wages. In this paper, we examine whether access to larger markets affects skilled and unskilled workers differently. We develop a model relating two key measures of market size, market and supplier access, to industry value added prices. We then estimate the effects of growth in these measures on factor returns in U.S. manufacturing industries between 1984 and 1996. We find that growth in these measures can explain around 5% of the rise in the skill premium over the sample period. (JEL F12, F16, L60)     

WHICH JOURNAL RANKINGS BEST EXPLAIN ACADEMIC SALARIES? EVIDENCE FROM THE UNIVERSITY OF CALIFORNIA

The ranking of an academic journal is important to authors, universities, journal publishers, and research funders. Rankings are gaining prominence as countries adopt regular research assessment exercises that especially reward publication in high‐impact journals. Yet even within a rankings‐oriented discipline like economics there is no agreement on how aggressively lower‐ranked journals are down‐weighted and in how wide is the universe of journals considered. Moreover, since it is typically less costly for authors to cite superfluous references, whether of their own volition or prompted by editors, than it is to ignore relevant ones, rankings based on citations may be easily manipulated. In contrast, when the merits of publication in one journal or another are debated during hiring, promotion, and salary decisions, the evaluators are choosing over actions with costly consequences. We therefore look to the academic labor market, using data on economists in the University of California system to relate their lifetime publications in 700 different academic journals to salary. We test amongst various sets of journal rankings, and publication discount rates, to see which are most congruent with the returns implied by the academic labor market. (JEL A14, I23, J44)     

Corporate Social and Financial Performance: The Role of Size,Industry, Risk,R&D and Advertising Expenses as Control Variables

This article investigates the role of commonly specified control variables in moderating the relationship between corporate social performance (CSP) and corporate financial performance (CFP). In addition, there are separate measures for positive (strengths) social actions, and for negative (concerns) social actions. The results support the positive relationship between CSP and CFP. The best model, as determined using factorial analysis of variance, is one which has the following control variables: size, industry, risk, and research and development expenditures. In examining the CSP/CFP relationship, researchers must control for these variables, in order to properly specify the model.     

Asymptotics for the Hirsch Index

Abstract. The last decade methods for quantifying the research output of individual researchers have become quite popular in academic policy making. The h‐index (or Hirsch index) constitutes an interesting combined bibliometric volume/impact indicator that has attracted a lot of attention recently. It is now a common indicator, available for instance on the Web of Science. In this article, we establish the asymptotic normality of the empirical h‐index. The rate of convergence is non‐standard: , where f is the density of the citation distribution and n is the number of publications of a researcher. In case that the citations follow a Pareto‐type respectively a Weibull‐type distribution as defined in extreme value theory, our general result specializes well to results that are useful for practical purposes such as the construction of confidence intervals and pairwise comparisons for the h‐index. A simulation study for the Pareto‐type case shows that the asymptotic theory works well for moderate sample sizes already.     

A CLEAR AND PRESENT MINORITY: HETEROGENEITY IN THE SOURCE OF ENDOWMENTS AND THE PROVISION OF PUBLIC GOODS

We conduct public goods experiments in which participant groups are heterogeneous in regards to the source of their endowments. We find that this dimension of heterogeneity significantly reduces contributions to the public good, yielding strong support for the Nash prediction of minimal contributions. These minimal contributions arise in environments in which there exists a clear minority in terms of source of endowments. We discuss these results in light of current research on the influence of heterogeneous populations on public goods provision and redistributive policies. (JEL C9, D63, H4, J15)