An analysis of hourly pay that allows for the choice of whether to work full-time, part-time or not at all (using the 1980 Women in Employment Survey) finds significant sample selection bias for women in full-time jobs. Part of the observed differential between the hourly pay of full-timers and...

The provision of subsidized child care may encourage women to participate in the paid labor force. This paper analyzes the effects of the price and availability of subsidized child care on labor force participation, using data from a Swedish household survey for 1984 in combination with data on...

This paper investigates the desirability of international fiscal policy coordination in the presence of a domestic political distortion. The domestic distortion results from the inability of the current policy-maker to enter into a binding agreement with future policy-makers about the...

For the first time, nationally representative data on women's employment histories are used to study the gap between women's and men's pay in Great Britain. It is decomposed into a gap attributable to gender differences in human capital characteristics (such as education, work experience, and...

This paper presents an overview of the application of the mathematical theory of 'high-low' search to firms' pricing and production decisions. We show how this methodology can be used to determine an optimal sequence of price-quantity decisions by a firm through time. We suppose that the firm...

This paper evaluates the extended target zone proposal of Williamson and Miller using the National Institute world economic model (GEM). Williamson and Miller's proposals envisage that real exchange rates will be controlled by movements in relative interest rates, that fiscal policy will be used...

This paper attempts to provide some answers to a number of related questions. Has the European Monetary System reduced (real or nominal, bilateral or effective) exchange rate volatility? If so, has this been at the expense of increased interest rate volatility? How important have capital...

What purpose does the European Monetary System serve? Who benefits from it? Is it a Deutschmark zone? Or could one argue that, despite the asymmetrical positions of France and Germany, the System does serve a certain collective interest? An attempt to answer these questions reveals a basic...

A two-country, optimizing model with capital accumulation, purchasing power parity, floating exchange rates, uncovered interest parity, perfect foresight, finite lives and population growth is developed and analyzed. For the special case of a zero birth rate, individuals are indifferent between...

The outcome of technological competition between firms (or countries) depends on the resolution of two forces: the profit incentive and the competitive threat. This is illustrated using a simple duopoly model. This model is then used to analyze two policy issues: subsidizing R & D and...