This study examines determinants of bank failures in the US over the 1963-91 period. The results indicate that the bank failure rate is an increasing function of the degree of federal deposit insurance coverage, increased competition in financial services, and the real cost of deposits, and a...

A key issue in health care reform in the United States is the need to contain the inflation rate of the consumer price index (CPI) for health care services (IRCPIHC). Although previous literature has provided a variety of arguments regarding the causes of the rising IRCPIHC, relatively little...

The objective of this study is to investigate the 'micro-firm health insurance hypothesis', a hypothesis that the greater the percentage of domestic firms that are 'very small', i.e. have four or fewer employees, the greater the percentage of the US population that will be without health...

There is an extensive literature investigating the impact of federal budget deficits in the US on interest rate yields. This literature focuses almost entirely on short-term rates (under one year to maturity) and long-term rates (ten years or more to maturity). However, almost no attention has...

The US Supreme Court in 1977 declared that most bans on lawyer advertising were unconstitutional. Since that decision, the volume of lawyer advertising has grown very rapidly. In addition, since the mid-1980s, Gallup polls indicate that the public's image of the law profession has declined...

This study examines, for the period 1963-1995, the impact of federal budget deficits in the US on interest rates at commercial banks. Interest rates at banks have been largely neglected in the deficit/interest rate literature for the US. Moreover, the deficit/interest rate literature for the US...

This study examines, for the period 1963-1995, the impact of federal budget deficits in the US on mortgage interest rates at commercial banks. Interest rates at banks have been largely neglected in the deficit/interest rate literature for the US. Moreover, the deficit/interest rate literature...

The impact of property taxes on the cost of livings are examined. Using county data for the state of Florida, the instrumental variable (IV) heteroscedasticity-corrected results indicate that the per capita property tax exercises a positive and significant impact on the cost of living.

The Ricardian equivalent theory is examined by dichotemizing the total US federal budget deficit into its structural (exogeneous) and cyclical (endogeneous) components. The former is hypothesized to be the expected, planned deficit, whereas the latter is viewed as the unpredictable, unplanned,...

This study examines, for the period 1964-95, the impact of structural federal budget deficits in the US on interest rates at savings and loan institutions (S&Ls). Interest rates at S&Ls have largely been neglected in the deficit/interest rate literature. Moreover, the deficit/interest rate...