The present paper used national data to examine the outcome of political redistricting (in the United States), from the 1982 amendments to the Voting Rights Act of 1965, on congressional quits (retirements) in the U.S. House of Representatives. Our results suggest that the redistricting efforts...

Using the Almost Ideal Demand System specification we analyse whether UK public consumption expenditure decisions are compatible with traditional utility maximization postulates. Our empirical findings tend to support the validity of the constraints of homogeneity and symmetry.

This paper examines the effect of tenure on the earnings of men and women in the UK labour market. Most comparisons of male and female earnings have concentrated on examining spot differentials, which give no information on earnings movements over tenure. Simple human capital theory would...

This paper shows that previous arguments about the problems in interpreting the coefficients in multiplicative-logarithmic functions, derived from an arbitrary rebasing of the series, are incorrect. In the specific case of the translog production function, the tests for the CES, Cobb-Douglas and...

A filter test of the daily returns over the period 1989 to 1994 is employed to determine the efficiency of the market. The main result is that the naive 'buy and hold' investment strategy generally outperformed the more active trading strategies. This is surprising in light of previous test...

The purpose of the present study is to incorporate state-level heterogeneity into an examination of the effects of tort reforms and other factors on medical malpractice insurance premiums; a random effects model is used to account for this heterogeneity. The results of the present study show...

A method of evaluating the impact of technical change on productivity in a Farrell-type model is developed here and empirically applied over international airlines data.

Based on the Engle-Granger (1987) methodology for cointegration and error correction mechanism models the paper examines causal relationships between the UK construction workload and price. The model tests the intuitive belief that the construction price (tender price index) is a long run...

This paper assesses whether regional variability in the minority/non-minority wage gap exists and if it depends on state-specific factors such as political conservatism, anti-discriminatory policies, and the 'visibility' of minorities. We find an extreme variability in the minority/non-minority...

The behaviour of the FTSE 30 share index is examined over a period from November 1988 to May 1994. We examine whether the index exhibits different time series behaviour during the time that Sterling belonged to the ERM to that observed in the pre- and post-ERM period. We show that the random...