This paper reviews a variety of estimates of the demand and supply elasticities of educated labor. It finds that elasticities of substitution between more and less educated labor range fran 1.0 to 2.0 and that elasticities of the supply of students to colleges are also on the order of 1.0 to 2.0...

To achieve the target and to reduce the cost and burden from smoking, the Malaysian government regulates and implements several tobacco control policies and campaigns to control cigarette consumption and reduce the proportion of smokers in the Malaysian population. It is undeniable that tobacco...

The one-third rise in the teen smoking rate in the 1990s has led to considerable interest in understanding the determinants of the youth smoking decision. We explore four aspects of this decision. First, we consider the demographic correlates of smoking participation, and find that smoking...

This paper examines the introduction of Direct Broadcast Satellites as an alternative to cable television and the welfare gains such satellites generated for consumers. The extent to which satellites compete with cable has become an important issue in the debate over re-regulation of cable...

In a recent paper Corrigan et al (2020) claim that taxes on e-cigarette devices such as Juul will strongly diminish the demand for these devices by youth, and that reduction in demand will have clear beneficial health effects. In this commentary I show that their conclusion does not follow from...

We use price and wage data from McDonald's restaurants to provide evidence on wage increases, labor-saving technology introduction, and price pass-through by a large low-wage employer facing a flurry of minimum wage hikes from 2016-2020. We estimate an elasticity of hourly wage rates with...

We use highly consistent national-coverage price and wage data to provide evidence on wage increases, labor-saving technology introduction, and price pass-through by a large low-wage employer facing minimum wage hikes. Based on 2016-2020 hourly wage rates of McDonald’s Basic Crew and prices of...

This study uses single-equation dynamic models to estimate petrol demand in India. Estimated long-run elasticities are higher than their short-run counterparts, which is in line with expectations based on the existing literature. We find price elasticities of -0.418 (long-run) and -0.189 (short...

This paper derives a rational expectations, permanent income model of the demand for imported consumer durable goods. Assuming that the preferences of the representative household are addilog, our model implies that the log of the exact but unobservable utility index of permanent income must in...