Much of the public concern about the growing labor force participation of women centers on feared, or hoped for, effects of the market work of mothers on the well-being of their children. On the one side, there are those who fear that the children of working mothers will not receive the care...

A Markov chain model is applied to analyze changes in real annual state and local police expenditures in the United States, where transition probabilities are functions of crime, demographic and economic variables. Of these variables, the inflation rate for state and local government...

This paper considers the treatment of endogenous explanatory variables in the work of the Cowles Commission and in Carl Christ's classic 1966 textbook, and certain problems that arise when this approach is followed in areas such as the study of female labor supply where a prior knowledge is...

This is a survey of applied econometric research on the effects of children on female labor supply. Reasons for interest in the topic, and a basic model and terminology, are reviewed. Concerns are raised about the possible endogeneity of child status variables, and about the instrumental...

Firms view inventory/sales ratios as main decision variables. These ratios are also important in forecasting business activity. Understanding these ratios seems particularly relevant since many U.S. firms are beginning to implement the “just-in-time” production and inventory system that some...